Stock Rating Downgrade
The Value Trend Rating for Zoetis Inc (NYSE: ZTS) weakened in the last week from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Zoetis Inc (NYSE: ZTS) stock closed at $169.32 on 11/10/23 after a modest decline of -0.8%. The stock has risen 5.2% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ZTS is expected to continue to be a major Value Builder.
Zoetis has a current Value Trend Rating of D (Negative). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Zoetis has a poor Appreciation Score of 18 but a slightly positive Power Rating of 66, with the Negative Value Trend Rating the result.
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