Zimmer Holdings PT Raised to $110.00 (ZMH)
Stock analysts at Argus increased their price objective on shares of Zimmer Holdings (NYSE:ZMH) from $98.00 to $110.00 in a report issued on Thursday, Analyst RN reports. The firm currently has a “buy” rating on the stock. Argus’ price objective would indicate a potential upside of 12.58% from the stock’s previous close.
A number of other analysts have also recently weighed in on ZMH. 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 analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $90.76.
In other Zimmer Holdings news, Insider Jeffery Mccaulley sold 21,286 shares of Zimmer Holdings stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $96.00, for a total transaction of $2,043,456.00. Following the sale, the insider now directly owns 5,211 shares of the company’s stock, valued at approximately $500,256. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Zimmer Holdings (NYSE:ZMH) opened at 97.71 on Thursday. Zimmer Holdings has a 1-year low of $72.09 and a 1-year high of $97.86. The stock has a 50-day moving average of $92.85 and a 200-day moving average of $85.85. The company has a market cap of $16.706 billion and a price-to-earnings ratio of 24.77.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 31st. Investors 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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