SunTrust Banks, Inc. Analysts Give Zimmer Biomet Holdings, Inc. (ZBH) a $136.00 Price Target

Zimmer Biomet Holdings, Inc. (NYSE:ZBH) has been given a $136.00 target price by SunTrust Banks, Inc. in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the medical equipment provider’s stock. SunTrust Banks, Inc.’s target price would indicate a potential upside of 11.82% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on ZBH. Oppenheimer Holdings, Inc. set a $137.00 target price on Zimmer Biomet Holdings and gave the company a “buy” rating in a report on Monday, August 14th. BidaskClub downgraded Zimmer Biomet Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Canaccord Genuity reaffirmed a “buy” rating and set a $141.00 price target on shares of Zimmer Biomet Holdings in a report on Friday, July 14th. BMO Capital Markets lifted their target price on Zimmer Biomet Holdings from $136.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Finally, Gabelli assumed coverage on Zimmer Biomet Holdings in a research report on Thursday, August 24th. They set a “buy” rating and a $142.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $136.55.

Zimmer Biomet Holdings (NYSE ZBH) traded down 4.32% during midday trading on Wednesday, reaching $116.37. 3,426,753 shares of the company’s stock traded hands. The stock has a market cap of $23.53 billion, a PE ratio of 33.14 and a beta of 1.19. Zimmer Biomet Holdings has a one year low of $95.63 and a one year high of $133.49. The stock’s 50 day moving average price is $118.31 and its 200-day moving average price is $120.47.

Zimmer Biomet Holdings (NYSE:ZBH) last posted its quarterly earnings results on Monday, October 30th. The medical equipment provider reported $1.72 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.02). Zimmer Biomet Holdings had a net margin of 9.12% and a return on equity of 16.70%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the business posted $1.79 EPS. Zimmer Biomet Holdings’s revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts predict that Zimmer Biomet Holdings will post $8.23 earnings per share for the current year.

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Large investors have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. boosted its position in shares of Zimmer Biomet Holdings by 25.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 827 shares of the medical equipment provider’s stock valued at $106,000 after acquiring an additional 167 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Zimmer Biomet Holdings by 3.9% in the second quarter. Parkside Financial Bank & Trust now owns 872 shares of the medical equipment provider’s stock valued at $112,000 after buying an additional 33 shares in the last quarter. BB&T Investment Services Inc. acquired a new position in Zimmer Biomet Holdings in the second quarter valued at about $144,000. Parallel Advisors LLC boosted its position in Zimmer Biomet Holdings by 20.8% in the first quarter. Parallel Advisors LLC now owns 1,157 shares of the medical equipment provider’s stock valued at $138,000 after buying an additional 199 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its position in Zimmer Biomet Holdings by 28.4% in the first quarter. IHT Wealth Management LLC now owns 1,158 shares of the medical equipment provider’s stock valued at $139,000 after buying an additional 256 shares in the last quarter. Institutional investors own 85.26% of the company’s stock.

Zimmer Biomet Holdings 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 Holdings (NYSE:ZBH)

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