BMO Capital Markets restated their buy rating on shares of Zimmer Biomet (NYSE:ZBH) in a report published on Tuesday. The brokerage currently has a $142.00 price objective on the medical equipment provider’s stock.
Other equities research analysts have also recently issued reports about the company. Deutsche Bank upgraded Zimmer Biomet from a hold rating to a buy rating and set a $128.00 target price for the company in a research note on Tuesday, November 14th. Edward Jones upgraded Zimmer Biomet from a hold rating to a buy rating in a research note on Thursday, November 9th. Jefferies Group restated a buy rating and set a $136.00 target price on shares of Zimmer Biomet in a research note on Friday, November 3rd. Gabelli initiated coverage on Zimmer Biomet in a research note on Thursday, August 24th. They set a buy rating and a $142.00 target price for the company. Finally, Oppenheimer set a $137.00 target price on Zimmer Biomet and gave the stock a buy rating in a research note on Monday, August 14th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Hold and an average target price of $134.05.
Shares of Zimmer Biomet (NYSE:ZBH) opened at $112.82 on Tuesday. The stock has a market capitalization of $22,984.75, a P/E ratio of 14.07, a P/E/G ratio of 1.76 and a beta of 1.15. Zimmer Biomet has a 12-month low of $100.81 and a 12-month high of $133.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.78 and a current ratio of 1.47.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. grew its holdings in Zimmer Biomet by 21.1% during the 2nd quarter. Bessemer Group Inc. now owns 4,297 shares of the medical equipment provider’s stock worth $552,000 after acquiring an additional 750 shares during the period. Sei Investments Co. grew its holdings in Zimmer Biomet by 11.6% during the 2nd quarter. Sei Investments Co. now owns 53,993 shares of the medical equipment provider’s stock worth $6,932,000 after acquiring an additional 5,625 shares during the period. IFP Advisors Inc grew its holdings in Zimmer Biomet by 22.4% during the 2nd quarter. IFP Advisors Inc now owns 2,077 shares of the medical equipment provider’s stock worth $267,000 after acquiring an additional 380 shares during the period. Global X Management Co. LLC grew its holdings in Zimmer Biomet by 41.6% during the 2nd quarter. Global X Management Co. LLC now owns 6,315 shares of the medical equipment provider’s stock worth $811,000 after acquiring an additional 1,854 shares during the period. Finally, Trexquant Investment LP acquired a new stake in Zimmer Biomet during the 2nd quarter worth about $231,000. Institutional investors and hedge funds own 86.24% of the company’s stock.
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About Zimmer Biomet
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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