BMO Capital Markets Reaffirms “Buy” Rating for Zimmer Biomet (ZBH)
Zimmer Biomet (NYSE:ZBH)‘s stock had its “buy” rating restated by research analysts at BMO Capital Markets in a report released on Tuesday. They currently have a $142.00 price target on the medical equipment provider’s stock. BMO Capital Markets’ target price points to a potential upside of 25.07% from the company’s previous close.
Several other equities analysts have also recently issued reports on the stock. Deutsche Bank raised shares of Zimmer Biomet from a “hold” rating to a “buy” rating and set a $128.00 price objective on the stock in a research note on Tuesday, November 14th. Zacks Investment Research downgraded shares of Zimmer Biomet from a “hold” rating to a “strong sell” rating in a research report on Monday, November 20th. Edward Jones raised shares of Zimmer Biomet from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. SunTrust Banks set a $136.00 target price on shares of Zimmer Biomet and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, Royal Bank of Canada dropped their target price on shares of Zimmer Biomet to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 7th. Four analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $134.05.
Zimmer Biomet (ZBH) traded up $0.03 during trading on Tuesday, reaching $113.54. 1,594,403 shares of the company’s stock traded hands, compared to its average volume of 1,356,405. The firm has a market cap of $22,956.40, a PE ratio of 14.05, a price-to-earnings-growth ratio of 1.76 and a beta of 1.15. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.78 and a current ratio of 1.47. Zimmer Biomet has a 52-week low of $100.81 and a 52-week high of $133.49.
Several institutional investors and hedge funds have recently bought and sold shares of ZBH. Swiss National Bank bought a new stake in shares of Zimmer Biomet in the 4th quarter valued at about $32,205,000. Huntington National Bank increased its stake in shares of Zimmer Biomet by 23.4% in the 3rd quarter. Huntington National Bank now owns 10,033 shares of the medical equipment provider’s stock valued at $1,305,000 after acquiring an additional 1,905 shares during the last quarter. Stack Financial Management Inc increased its stake in shares of Zimmer Biomet by 0.5% in the 3rd quarter. Stack Financial Management Inc now owns 67,419 shares of the medical equipment provider’s stock valued at $8,766,000 after acquiring an additional 340 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co bought a new stake in shares of Zimmer Biomet in the 4th quarter valued at about $3,273,000. Finally, Focused Investors LLC bought a new stake in shares of Zimmer Biomet in the 4th quarter valued at about $92,741,000. 86.24% of the stock is currently owned by institutional investors and hedge funds.
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Zimmer Biomet Company Profile
Zimmer Biomet Holdings, Inc is engaged in designing, manufacturing and marketing of orthopedic reconstructive products; sports medicine, biologics, extremities and trauma products; office-based technologies; spine, craniomaxillofacial and thoracic products; dental implants, and related surgical products.
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