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Zimmer Holdings (NYSE:ZMH) was upgraded by investment analysts at William Blair from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports.

Shares of Zimmer Holdings (NYSE:ZMH) opened at 97.48 on Monday. Zimmer Holdings has a 52 week low of $78.00 and a 52 week 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 P/E 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. Analysts expect that Zimmer Holdings will post $6.05 EPS for the current fiscal year.

ZMH has been the subject of a number of other recent research reports. 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $108.40.

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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