Morgan Stanley Raises Zimmer Biomet (ZBH) Price Target to $150.00

Zimmer Biomet (NYSE:ZBH) had its target price boosted by analysts at Morgan Stanley from $140.00 to $150.00 in a research report issued to clients and investors on Monday. Morgan Stanley’s price objective would suggest a potential upside of 17.75% from the stock’s previous close.

ZBH has been the topic of several other research reports. Jefferies Group restated a “buy” rating and set a $136.00 target price on shares of Zimmer Biomet in a report on Friday, November 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $120.00 price target on shares of Zimmer Biomet in a report on Friday, November 3rd. SunTrust Banks reiterated a “buy” rating and issued a $136.00 price target on shares of Zimmer Biomet in a report on Monday, October 2nd. TheStreet cut Zimmer Biomet from a “b-” rating to a “c+” rating in a report on Friday, November 24th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Zimmer Biomet in a report on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $138.47.

Shares of Zimmer Biomet (NYSE ZBH) traded up $1.16 during mid-day trading on Monday, hitting $127.39. The stock had a trading volume of 2,540,000 shares, compared to its average volume of 1,430,000. The company has a quick ratio of 0.78, a current ratio of 1.47 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $25,790.00, a PE ratio of 39.69, a PEG ratio of 1.97 and a beta of 1.15. Zimmer Biomet has a 12 month low of $108.03 and a 12 month high of $133.49.

Zimmer Biomet (NYSE:ZBH) last announced its earnings results on Wednesday, November 1st. The medical equipment provider reported $1.72 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.02). The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.83 billion. Zimmer Biomet had a return on equity of 16.29% and a net margin of 8.36%. Zimmer Biomet’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.79 EPS. equities research analysts forecast that Zimmer Biomet will post 8.03 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in Zimmer Biomet in the fourth quarter valued at about $1,186,000. K.J. Harrison & Partners Inc lifted its stake in Zimmer Biomet by 41.3% in the fourth quarter. K.J. Harrison & Partners Inc now owns 12,720 shares of the medical equipment provider’s stock valued at $1,535,000 after buying an additional 3,720 shares during the period. Pillar Pacific Capital Management LLC lifted its stake in Zimmer Biomet by 1.6% in the fourth quarter. Pillar Pacific Capital Management LLC now owns 51,445 shares of the medical equipment provider’s stock valued at $6,208,000 after buying an additional 815 shares during the period. Eqis Capital Management Inc. acquired a new position in Zimmer Biomet in the fourth quarter valued at about $375,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Zimmer Biomet by 113.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 5,120 shares of the medical equipment provider’s stock valued at $618,000 after buying an additional 2,718 shares during the period. 86.20% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Zimmer Biomet (NYSE:ZBH)

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