In a report released today, Larry Biegelsen from Wells Fargo maintained a Buy rating on Zimmer Biomet Holdings (ZBH). The company’s shares closed last Monday at $156.77, close to its 52-week high of $159.59.
According to TipRanks.com, Biegelsen is a 5-star analyst with an average return of 14.9% and a 69.6% success rate. Biegelsen covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Inspire Medical Systems, and Merit Medical Systems.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Zimmer Biomet Holdings with a $162.93 average price target, which is a 6.6% upside from current levels. In a report issued on January 31, Needham also assigned a Buy rating to the stock with a $187.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $159.59 and a one-year low of $111.17. Currently, Zimmer Biomet Holdings has an average volume of 922.3K.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZBH in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
