Zimmer Holdings Receives Average Rating of “Buy” from Analysts (NYSE:ZMH)
Zimmer Holdings (NYSE:ZMH) has been given an average rating of “Buy” by the twenty-two analysts that are presently covering the stock, AmericanBankingNews.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $108.40.
Zimmer Holdings (NYSE:ZMH) opened at 97.48 on Tuesday. Zimmer Holdings has a one year low of $78.00 and a one year high of $108.33. The stock’s 50-day moving average is $101.0 and its 200-day moving average is $98.78. The company has a market cap of $16.466 billion and a price-to-earnings ratio of 21.36.
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. On average, analysts predict that Zimmer Holdings will post $6.05 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ZMH shares. Analysts at Zacks reiterated a “neutral” rating on shares of Zimmer Holdings in a research note on Friday, August 8th. They now have a $100.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “sell” rating on shares of Zimmer Holdings in a research note on Monday, July 28th. They now have a $95.00 price target on the stock, up previously from $92.00. Finally, analysts at Oppenheimer upgraded shares of Zimmer Holdings from a “market perform” rating to an “outperform” rating in a research note on Monday, July 28th. They now have a $118.00 price target on the stock, up previously from $107.00.
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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