Zimmer Holdings PT Raised to $125.00 at Brean Capital (ZMH)
Research analysts at Brean Capital upped their price target on shares of Zimmer Holdings (NYSE:ZMH) from $110.00 to $125.00 in a report released on Friday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Brean Capital’s price target indicates a potential upside of 24.33% from the stock’s previous close.
Shares of Zimmer Holdings (NYSE:ZMH) traded down 1.40% on Friday, hitting $100.54. The stock had a trading volume of 4,971,738 shares. 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 $94.63 and its 200-day moving average is $92.62. The company has a market cap of $17.023 billion and a price-to-earnings ratio of 23.02.
Zimmer Holdings (NYSE:ZMH) last announced its earnings results on Thursday, April 24th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.41 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts predict that Zimmer Holdings will post $6.20 earnings per share for the current fiscal year.
A number of other firms have also recently commented on ZMH. Analysts at Needham & Company LLC raised their price target on shares of Zimmer Holdings from $113.00 to $122.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. Zimmer Holdings currently has an average rating of “Buy” and a consensus price target of $98.64.
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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