Zimmer Holdings Given Average Recommendation of “Buy” by Brokerages (NYSE:ZMH)
Shares of Zimmer Holdings (NYSE:ZMH) have been given a consensus rating of “Buy” by the twenty-two analysts that are covering the company, AnalystRatings.NET reports. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $110.15.
A number of analysts have recently weighed in on ZMH shares. Analysts at RBC Capital raised their price target on shares of Zimmer Holdings from $118.00 to $120.00 in a research note on Wednesday, June 4th. They now have an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Zimmer Holdings from $110.00 to $131.00 in a research note on Monday, June 2nd. They now have a “buy” rating on the stock. Finally, analysts at Summer Street upgraded shares of Zimmer Holdings from a “neutral” rating to a “buy” rating in a research note on Monday, May 19th. They now have a $133.00 price target on the stock.
Shares of Zimmer Holdings (NYSE:ZMH) traded down 0.15% during mid-day trading on Monday, hitting $104.195. 86,450 shares of the company’s stock traded hands. Zimmer Holdings has a 52 week low of $74.85 and a 52 week high of $108.33. The stock’s 50-day moving average is $103.9 and its 200-day moving average is $97.09. The company has a market cap of $17.486 billion and a price-to-earnings ratio of 23.50.
Zimmer Holdings (NYSE:ZMH) last released its earnings data on Thursday, April 24th. The company reported $1.50 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.41 earnings per share. Zimmer Holdings’s revenue was up 2.0% compared to the same quarter last year. Analysts expect that Zimmer Holdings will post $6.12 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, July 25th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Wednesday, June 25th.
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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