Currently, Zimmer Biomet Holdings Inc [ZBH] is trading at $109.81, up 5.71%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ZBH shares have gain 4.88% over the last week, with a monthly amount glided 2.30%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Piper Sandler downgraded its rating to Neutral on July 01, 2024, and dropped its price target to $115. On May 30, 2024, Goldman initiated with a Neutral rating and assigned a price target of $129 on the stock. Argus upgraded its rating to a Buy but stick to its price target of $150 on May 21, 2024. Evercore ISI downgraded its rating to a In-line and reduced its price target to $125 on January 04, 2024. ROTH MKM started tracking with a Neutral rating for this stock on October 20, 2023, and assigned it a price target of $120. In a note dated August 28, 2023, BTIG Research upgraded an Buy rating on this stock but restated the target price of $139.
This stock has fluctuated between a low of $101.47 and a high of $133.90 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $133.57 within the next 12 months. Zimmer Biomet Holdings Inc [NYSE: ZBH] shares were valued at $109.81 at the most recent close of the market. An investor can expect a potential return of 21.64% based on the average ZBH price forecast.
Analyzing the ZBH fundamentals
Trailing Twelve Months sales for Zimmer Biomet Holdings Inc [NYSE:ZBH] were 7.52B which represents 3.87% growth. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.06 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.43.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 107.98 points at the first support level, and at 106.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 110.80, and for the 2nd resistance point, it is at 111.79.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Zimmer Biomet Holdings Inc [NYSE:ZBH] is 1.29. Also, the Quick Ratio is 0.63, while the Cash Ratio stands at 0.31. Considering the valuation of this stock, the price to sales ratio is 2.97, the price to book ratio is 1.77 and price to earnings (TTM) ratio is 22.89.
Transactions by insiders
Recent insider trading involved Yi Sang, Group President, Asia Pacific, that happened on May 31 ’24 when 12857.0 shares were sold. Group President, Asia Pacific, Yi Sang completed a deal on Mar 07 ’24 to sell 1705.0 shares. Meanwhile, Sr. VP/Gen Counsel/Secretary Phipps Chad F sold 26156.0 shares on Feb 22 ’24.
