Zimmer Holdings Stock Rating Reaffirmed by Jefferies Group (ZMH)
Zimmer Holdings (NYSE:ZMH)‘s stock had its “hold” rating reaffirmed by research analysts at Jefferies Group in a report released on Friday. They currently have a $105.00 price target on the stock, down from their previous price target of $110.00. Jefferies Group’s target price would indicate a potential upside of 4.16% from the company’s current price.
Shares of Zimmer Holdings (NYSE:ZMH) traded up 0.99% during mid-day trading on Friday, hitting $100.81. 1,474,914 shares of the company’s stock traded hands. Zimmer Holdings has a 1-year low of $78.00 and a 1-year high of $108.33. The stock has a 50-day moving average of $104.1 and a 200-day moving average of $98.54. The company has a market cap of $16.918 billion and a price-to-earnings ratio of 22.48.
Zimmer Holdings (NYSE:ZMH) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.49 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.49. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Analysts expect that Zimmer Holdings will post $6.09 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on ZMH. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Zimmer Holdings in a research note on Friday. They now have a $130.00 price target on the stock, down previously from $131.00. Separately, analysts at Brean Capital cut their EPS estimates on shares of Zimmer Holdings in a research note on Thursday. They now have a “buy” rating and a $45.00 price target on the stock. Finally, analysts at Needham & Company LLC reiterated a “strong-buy” rating on shares of Zimmer Holdings in a research note on Thursday. They now have a $127.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Zimmer Holdings currently has a consensus rating of “Buy” and an average target price of $106.76.
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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