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Equities research analysts at Needham & Company LLC upped their price objective on shares of Zimmer Holdings (NYSE:ZMH) from $113.00 to $122.00 in a research note issued to investors on Thursday, Stock Ratings reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price objective indicates a potential upside of 19.64% from the stock’s previous close.

Shares of Zimmer Holdings (NYSE:ZMH) opened at 101.97 on Thursday. Zimmer Holdings has a one year low of $74.55 and a one year high of $108.33. The stock’s 50-day moving average is $94.56 and its 200-day moving average is $92.49. The company has a market cap of $17.265 billion and a price-to-earnings ratio of 20.64.

Zimmer Holdings (NYSE:ZMH) last announced its earnings results on Thursday, April 24th. The company reported $1.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.47 by $0.03. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts predict that Zimmer Holdings will post $6.21 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Cantor Fitzgerald upgraded shares of Zimmer Holdings from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $105.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at SunTrust upgraded shares of Zimmer Holdings from a “reduce” rating to a “neutral” rating in a research note on Monday, April 14th. They now have a $93.00 price target on the stock, up previously from $83.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Zimmer Holdings in a research note on Thursday, February 6th. They now have a $93.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. Zimmer Holdings has an average rating of “Buy” and an average target price of $98.00.

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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