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The stock has gained 22.5% over the past three months and 13.1% year-to-date. Closing yesterday’s session at $187.23, ZTS is trading slightly below its 52-week high of $187.37.
With a substantial uptick in the number of families adopting new pets during the COVID-19 pandemic and increased spending in pet care products, ZTS is well positioned to continue growing. Furthermore, a substantial increase in the sale of livestock products in the international markets should help the company further improve its profit margin.
