Shares of Zoetis Inc. Class A (NYSE:ZTS) traded at a new 52-week high today of $199.00. This new high was reached on below average trading volume as 373,000 shares traded hands, while the average 30-day volume is approximately 1.8 million shares.
Zoetis sells anti-infectives, vaccines, parasiticides, diagnostics, and other health products for animals. The firm earns slightly less than half of total revenue from production animals (cattle, pigs, poultry, and so on), and more than half from companion animal (dogs, horses, cats) products make up the other half. Its U.S. business is heavily skewed toward companion animals, while its international business is slightly skewed toward production animals. The firm has the largest market share in the industry and was previously Pfizer’s animal health unit.
Zoetis Inc. Class A share prices have moved between a 52-week high of $199.00 and a 52-week low of $135.34 and are now trading 47% above that low price at $198.90 per share.
Based on a current price of $198.90, Zoetis Inc. Class A is currently 9.6% above its average consensus analyst price target of $179.89.
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