Equities research analysts at BMO Capital Markets raised their price target on shares of Zimmer Holdings (NYSE:ZMH) from $80.00 to $91.00 in a research note issued to investors on Friday, Analyst Ratings Network reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 7.72% from the company’s current price.
A number of other analysts have also recently weighed in on ZMH. Analysts at Barclays Capital raised their price target on shares of Zimmer Holdings from $87.00 to $90.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Zimmer Holdings from $80.00 to $90.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Zimmer Holdings in a research note to investors on Monday, June 10th. They now have a $83.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the company. Zimmer Holdings presently has an average rating of “Hold” and a consensus price target of $79.46.
Zimmer Holdings (NYSE: ZMH) traded up 1.91% on Friday, hitting $84.48. Zimmer Holdings has a 52-week low of $57.60 and a 52-week high of $85.08. The stock’s 50-day moving average is currently $78.62. The company has a market cap of $14.223 billion and a price-to-earnings ratio of 18.87.
Zimmer Holdings (NYSE:ZMH) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.43 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.44 by $0.01. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the company posted $1.34 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Zimmer Holdings has set its FY13 guidance at $5.70-5.80 EPS. On average, analysts predict that Zimmer Holdings will post $5.75 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 26th. Investors of record on Friday, June 28th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, June 26th.
Zimmer Holdings, Inc (NYSE: ZMH) designs, develops, manufactures and markets orthopaedic reconstructive, spinal and trauma devices, biologics, dental implants and related surgical products.
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