Northland Securities Issues a Hold Rating on Zimmer Biomet Holdings (ZBH)
Northland Securities analyst Jason Wittes assigned a Hold rating to Zimmer Biomet Holdings (ZBH) today and set a price target of $165.00. The company’s shares closed last Friday at $160.22, close to its 52-week high of $165.93.
According to TipRanks.com, Wittes is a 4-star analyst with an average return of 14.5% and a 61.9% success rate. Wittes covers the Healthcare sector, focusing on stocks such as Alphatec Holdings, Stereotaxis, and NovoCure.
Zimmer Biomet Holdings has an analyst consensus of Strong Buy, with a price target consensus of $172.84.
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Based on Zimmer Biomet Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.93 billion and net profit of $243 million. In comparison, last year the company earned revenue of $1.89 billion and had a net profit of $431 million.
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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.