Canaccord Genuity Assigns a Buy Rating on Zimmer Biomet Holdings (ZBH)


Canaccord Genuity analyst Kyle Rose assigned a Buy rating to Zimmer Biomet Holdings (ZBH) yesterday and set a price target of $135.00. The company’s shares closed last Tuesday at $117.44.

According to TipRanks.com, Rose is a 4-star analyst with an average return of 5.7% and a 48.7% success rate. Rose covers the Healthcare sector, focusing on stocks such as Smith & Nephew Snats, Obalon Therapeutics, and Alphatec Holdings.

Currently, the analyst consensus on Zimmer Biomet Holdings is a Moderate Buy with an average price target of $134.67, which is a 13.2% upside from current levels. In a report issued on April 28, Oppenheimer also maintained a Buy rating on the stock with a $141.00 price target.

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The company has a one-year high of $161.11 and a one-year low of $74.37. Currently, Zimmer Biomet Holdings has an average volume of 1.99M.

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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.

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