Zimmer Biomet Holdings Inc. (ZBH) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Zimmer Biomet Holdings Inc. (NYSE:ZBH) have received a consensus recommendation of “Buy” from the twenty-six brokerages that are covering the firm. Three research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $133.78.
Several research firms recently commented on ZBH. Leerink Swann restated an “outperform” rating and issued a $136.00 price target (down previously from $150.00) on shares of Zimmer Biomet Holdings in a report on Tuesday, November 1st. Citigroup Inc. raised shares of Zimmer Biomet Holdings from a “sell” rating to a “neutral” rating in a research report on Tuesday. SunTrust Banks Inc. began coverage on shares of Zimmer Biomet Holdings in a research report on Thursday, August 11th. They issued a “buy” rating and a $155.00 price objective for the company. RBC Capital Markets reaffirmed an “outperform” rating and issued a $130.00 price objective (down previously from $143.00) on shares of Zimmer Biomet Holdings in a research report on Tuesday, November 1st. Finally, Jefferies Group lowered their price objective on shares of Zimmer Biomet Holdings from $150.00 to $129.00 and set a “buy” rating for the company in a research report on Tuesday, November 1st.
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Zimmer Biomet Holdings (NYSE:ZBH) opened at 103.40 on Friday. Zimmer Biomet Holdings has a one year low of $88.27 and a one year high of $133.21. The firm has a market capitalization of $20.71 billion, a PE ratio of 57.89 and a beta of 1.28. The stock has a 50 day moving average of $112.33 and a 200-day moving average of $121.63.
Zimmer Biomet Holdings (NYSE:ZBH) last posted its quarterly earnings results on Monday, October 31st. The company reported $1.79 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.79. Zimmer Biomet Holdings had a net margin of 3.46% and a return on equity of 16.48%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $950.20 million. During the same quarter last year, the firm posted $1.64 earnings per share. Zimmer Biomet Holdings’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities analysts predict that Zimmer Biomet Holdings will post $7.92 EPS for the current year.
In related news, insider Daniel E. Williamson sold 2,716 shares of Zimmer Biomet Holdings stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $129.96, for a total transaction of $352,971.36. Following the sale, the insider now directly owns 2,000 shares in the company, valued at $259,920. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.22% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Liberty Capital Management Inc. bought a new stake in shares of Zimmer Biomet Holdings during the third quarter worth $108,000. Tower Research Capital LLC TRC raised its position in Zimmer Biomet Holdings by 205.3% in the second quarter. Tower Research Capital LLC TRC now owns 916 shares of the company’s stock worth $110,000 after buying an additional 616 shares during the last quarter. NEXT Financial Group Inc raised its position in Zimmer Biomet Holdings by 64.5% in the third quarter. NEXT Financial Group Inc now owns 913 shares of the company’s stock worth $119,000 after buying an additional 358 shares during the last quarter. Global X Management Co. LLC raised its position in Zimmer Biomet Holdings by 238.4% in the second quarter. Global X Management Co. LLC now owns 1,032 shares of the company’s stock worth $124,000 after buying an additional 727 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Zimmer Biomet Holdings by 0.5% in the third quarter. Parkside Financial Bank & Trust now owns 964 shares of the company’s stock worth $125,000 after buying an additional 5 shares during the last quarter. Institutional investors and hedge funds own 85.05% of the company’s stock.
Zimmer Biomet Holdings Company Profile
Zimmer Biomet Holdings, Inc, formerly Zimmer Holdings, Inc, is engaged designing, manufacturing and marketing orthopaedic reconstructive products; sports medicine, biologics, extremities and trauma products; spine, bone healing, craniomaxillofacial and thoracic products; dental implants, and related surgical products.
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