Zimmer Biomet (NYSE:ZBH) was downgraded by equities researchers at TheStreet from a “b-” rating to a “c+” rating in a research note issued to investors on Friday, November 24th.
Several other equities research analysts have also recently weighed in on ZBH. Jefferies Group reaffirmed a “buy” rating and set a $136.00 price objective on shares of Zimmer Biomet in a research report on Friday, November 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $120.00 price objective on shares of Zimmer Biomet in a report on Friday, November 3rd. Gabelli initiated coverage on shares of Zimmer Biomet in a report on Thursday, August 24th. They issued a “buy” rating and a $142.00 price objective for the company. Zacks Investment Research downgraded shares of Zimmer Biomet from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, SunTrust Banks reissued a “buy” rating and set a $136.00 target price on shares of Zimmer Biomet in a research report on Monday, October 2nd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $133.71.
Shares of Zimmer Biomet (NYSE ZBH) opened at $115.78 on Friday. 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 cap of $23,383.62, a price-to-earnings ratio of 14.31, a PEG ratio of 1.79 and a beta of 1.15. Zimmer Biomet has a 1 year low of $100.81 and a 1 year high of $133.49.
Zimmer Biomet (NYSE:ZBH) last posted its quarterly earnings results on Wednesday, November 1st. The medical equipment provider reported $1.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.74 by ($0.02). Zimmer Biomet had a return on equity of 16.29% and a net margin of 8.36%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the company posted $1.79 earnings per share. The business’s revenue was down .8% compared to the same quarter last year. research analysts forecast that Zimmer Biomet will post 8.03 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. grew its stake in shares of Zimmer Biomet by 25.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 827 shares of the medical equipment provider’s stock worth $106,000 after acquiring an additional 167 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Zimmer Biomet by 3.9% in the second quarter. Parkside Financial Bank & Trust now owns 872 shares of the medical equipment provider’s stock worth $112,000 after acquiring an additional 33 shares during the last quarter. Bank of Nova Scotia Trust Co. purchased a new stake in shares of Zimmer Biomet in the third quarter worth $112,000. FNY Managed Accounts LLC purchased a new stake in shares of Zimmer Biomet in the third quarter worth $117,000. Finally, BB&T Investment Services Inc. purchased a new stake in shares of Zimmer Biomet in the second quarter worth $144,000. Institutional investors own 86.24% of the company’s stock.
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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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