Zimmer Holdings Inc. Hits New 52-Week High at $85.42 (ZMH)
Shares of Zimmer Holdings (NYSE:ZMH) hit a new 52-week high during mid-day trading on Wednesday, Analyst Ratings News reports. The stock traded as high as $85.42 and last traded at $84.97, with a volume of 1,512,756 shares trading hands. The stock had previously closed at $83.37.
ZMH has been the subject of a number of recent research reports. Analysts at RBC Capital upgraded shares of Zimmer Holdings from a “sector perform” rating to an “outperform” rating in a research note to investors on Monday, September 23rd. They now have a $98.00 price target on the stock, up previously from $88.00. They noted that the move was a valuation call. Separately, analysts at Barclays Capital reiterated an “overweight” rating on shares of Zimmer Holdings in a research note to investors on Wednesday, August 14th. They now have a $90.00 price target on the stock. Finally, analysts at Needham & Company initiated coverage on shares of Zimmer Holdings in a research note to investors on Thursday, August 8th. They set a “buy” rating and a $98.00 price target on the stock. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $84.36.
Zimmer Holdings has a one year low of $61.97 and a one year high of $85.08. The stock has a 50-day moving average of $81.41 and a 200-day moving average of $79.07. The company has a market cap of $14.419 billion and a price-to-earnings ratio of 20.52.
Zimmer Holdings (NYSE:ZMH) last announced its earnings results on Thursday, July 25th. The company reported $1.43 EPS for the quarter, missing the Thomson Reuters 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.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 25th. Shareholders 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.
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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