Analyst Recommendations And Earnings Forecast: Zoetis Inc. (ZTS), Flex Ltd. (FLEX)

Zoetis Inc. (NYSE:ZTS) last session’s volume of 2.26 million shares was lower than its average volume of 2.37 million shares. The stock, after opening at $70.82, hit $70.85 through the close by scoring -0.24%.

Zoetis Inc. (ZTS) Analyst Opinion

Zoetis Inc. has a consensus outperform rating from 21 Wall Street analysts, and the number of shares currently sold short amount to at least 1.72% of shares outstanding. The stock spiked 3.14% last month and is up 32.36 this year. Wall Street is only getting more bullish on the stock, with 15 of analysts who cover ZTS having a buy-equivalent rating. Analysts have placed a $73.29 price target on Zoetis Inc., suggesting a 3.44% gain from recent close. It’s currently trading about -2.67% below its 52-week high.

Zoetis Inc. Earnings Surprise

Zoetis Inc. (ZTS) surprised the stock market in its last reported earnings when it earned $0.65 a piece versus the consensus-estimated $0.62. Its revenue totaled $1.32 billion up 4.23% from the previous quarter.

Zoetis Inc. (NYSE:ZTS) Intraday View

This stock (ZTS) is ahead of its 52-week low with 44.74%. Its last month’s stock price volatility remained 1.61% which for the week stands at 1.46%. The share price has moved forward from its 20 days moving average, trading at a distance of 0.46% and stays 5.84% away from its 50 days moving average. Over the last five days, shares have faced -0.76% losses and now is up 15.65% since hitting its 200-day moving average of $64.2. Zoetis Inc. (ZTS) has made its way to a 12-month gain of 42.21%.

Turning to Flex Ltd. (NASDAQ:FLEX), its shares were trading at $18.08 a gain of $0.04, on the trading floor. The stock, after opening at $18.04, touched a high of $18.24 before paring much of its gains. So far, analysts are sticking with their bullish recommendations with the consensus call at 1.7. Flex Ltd. tumbled -5.41% from its high of $19.11 to a $9.58 billion market value through last close.

Flex Ltd. (FLEX) Consensus Price Target

Analysts set a 12-month price target of $19.65 a share. The target implies a 8.68% spike from where the shares are currently trading. Also, the current price highlights a discount of 21.68% to analysts’ high consensus price target.

Flex Ltd. (NASDAQ:FLEX) Intraday Trading

The counter witnessed a trading volume of 4.22 million shares versus an average volume of 3.33 million shares during last trading session. Its last month’s stock price volatility remained 2.74% which for the week approaches 2.1%. The lowest price the stock reached in the last trading day was $17.98 and compares with the $14.22 52-week low. The stock recovered 27.14% since its low point and has performed 25.82% year-to-date.

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