Zimmer Holdings Upgraded to “Outperform” by RBC Capital (ZMH)
Zimmer Holdings (NYSE:ZMH) was upgraded by research analysts at RBC Capital from a “sector perform” rating to an “outperform” rating in a report released on Monday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
Zimmer Holdings (NYSE:ZMH) traded up 0.71% during mid-day trading on Monday, hitting $83.70. The stock had a trading volume of 159,788 shares. Zimmer Holdings has a one year low of $61.97 and a one year high of $85.08. The stock’s 50-day moving average is $81.10 and its 200-day moving average is $78.30. The company has a market cap of $14.191 billion and a P/E ratio of 20.46.
Zimmer Holdings (NYSE:ZMH) last released its earnings data on Thursday, July 25th. The company reported $1.43 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.44 by $0.01. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the company posted $1.34 earnings per share. Zimmer Holdings’s revenue was up 3.9% compared to the same quarter last year. Analysts expect that Zimmer Holdings will post $5.74 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital reiterated an “overweight” rating on shares of Zimmer Holdings (NYSE:ZMH) in a research note to investors on Wednesday, August 14th. They now have a $90.00 price target on the stock. Separately, analysts at Needham & Company initiated coverage on shares of Zimmer Holdings (NYSE:ZMH) in a research note to investors on Thursday, August 8th. They set a “buy” rating and a $98.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Zimmer Holdings (NYSE:ZMH) in a research note to investors on Friday, August 2nd. They now have a $89.00 price target on the stock.
Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $83.71.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 25th. Investors of record on Friday, September 27th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Wednesday, September 25th.
In other Zimmer Holdings news, Insider Katarzyna Mazur-Hofsaess unloaded 4,890 shares of Zimmer Holdings stock on the open market in a transaction dated Friday, September 13th. The shares were sold at an average price of $81.38, for a total transaction of $397,948.20. Following the completion of the transaction, the insider now directly owns 1,643 shares of the company’s stock, valued at approximately $133,707. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Zimmer Holdings, Inc (NYSE:ZMH) designs, develops, manufactures and markets orthopaedic reconstructive, spinal and trauma devices, biologics, dental implants and related surgical products.
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