BTIG analyst Ryan Zimmerman maintained a Buy rating on Zimmer Biomet Holdings (ZBH) today and set a price target of $173.00. The company’s shares closed last Friday at $159.69, close to its 52-week high of $165.93.
According to TipRanks.com, Zimmerman is a 5-star analyst with an average return of 30.5% and a 68.2% success rate. Zimmerman covers the Healthcare sector, focusing on stocks such as Tactile Systems Technology, Staar Surgical Company, and Integra Lifesciences.
Currently, the analyst consensus on Zimmer Biomet Holdings is a Strong Buy with an average price target of $172.05, implying a 1.2% upside from current levels. In a report issued on January 27, JMP Securities also maintained a Buy rating on the stock with a $180.00 price target.
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Zimmer Biomet Holdings’ market cap is currently $33.32B and has a P/E ratio of -202.50. The company has a Price to Book ratio of -7.94.
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Zimmer Biomet Holdings, Inc. provides musculoskeletal healthcare services. It designs, manufactures and markets orthopedic reconstructive products, sports medicine, biologics, extremities & trauma products, office based technologies, spine, craniomaxillofacial & thoracic products, dental implants and related surgical products. Its products and solutions help treat patients suffering from disorders of, or injuries to, bones, joints or supporting soft tissues. Zimmer Biomet Holdings was founded by Justin O. Zimmer in 1927 and is headquartered in Warsaw, IN.