Zimmer Holdings Upgraded to “Outperform” at Leerink Swann (ZMH)
Zimmer Holdings (NYSE:ZMH) was upgraded by equities researchers at Leerink Swann from a “market perform” rating to an “outperform” rating in a research report issued on Monday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on ZMH. Analysts at Atlantic Securities initiated coverage on shares of Zimmer Holdings in a research note to investors on Thursday, December 19th. They set an “overweight” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Zimmer Holdings from $98.00 to $100.00 in a research note to investors on Tuesday, November 26th. They now have an “overweight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Zimmer Holdings in a research note to investors on Tuesday, October 29th. They now have a $93.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. Zimmer Holdings presently has a consensus rating of “Hold” and a consensus price target of $88.48.
Zimmer Holdings (NYSE:ZMH) traded up 0.68% on Monday, hitting $93.27. The stock had a trading volume of 393,783 shares. Zimmer Holdings has a one year low of $68.61 and a one year high of $93.89. The stock’s 50-day moving average is $91.30 and its 200-day moving average is $84.62. The company has a market cap of $15.947 billion and a price-to-earnings ratio of 23.48.
Zimmer Holdings (NYSE:ZMH) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.24 by $0.01. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Analysts expect that Zimmer Holdings will post $5.70 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 31st. Stockholders of record on Friday, December 27th will be given a dividend of 0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, December 24th.
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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