Zimmer Holdings Inc. Sets New 1-Year High at $97.71 (ZMH)
Zimmer Holdings (NYSE:ZMH) set a new 52-week high during trading on Wednesday, AnalystRatingsNetwork.com reports. The stock traded as high as $97.71 and last traded at $97.68, with a volume of 602,720 shares. The stock had previously closed at $96.80.
A number of analysts have recently weighed in on ZMH shares. Analysts at Barclays raised their price target on shares of Zimmer Holdings from $100.00 to $110.00 in a research note to investors on Thursday, January 9th. They now have an “overweight” rating on the stock. Separately, analysts at Leerink Swann upgraded shares of Zimmer Holdings from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, January 6th. Finally, 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. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $88.95.
In other Zimmer Holdings news, Insider Jeffery Mccaulley sold 21,286 shares of Zimmer Holdings stock on the open market in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $96.00, for a total value of $2,043,456.00. Following the transaction, the insider now directly owns 5,211 shares in the company, valued at approximately $500,256. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Zimmer Holdings has a 52-week low of $70.82 and a 52-week high of $97.61. The stock’s 50-day moving average is $92.63 and its 200-day moving average is $85.7. The company has a market cap of $16.706 billion and a price-to-earnings ratio of 24.54.
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 0.82%. 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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