Traders Buy Shares of Zimmer Biomet (ZBH) on Weakness

Investors bought shares of Zimmer Biomet Holdings Inc (NYSE:ZBH) on weakness during trading hours on Thursday. $49.17 million flowed into the stock on the tick-up and $35.90 million flowed out of the stock on the tick-down, for a money net flow of $13.27 million into the stock. Of all equities tracked, Zimmer Biomet had the 28th highest net in-flow for the day. Zimmer Biomet traded down ($0.24) for the day and closed at $122.29

A number of brokerages have recently issued reports on ZBH. Jefferies Group reaffirmed a “buy” rating and set a $136.00 price target on shares of Zimmer Biomet in a research report on Friday, November 3rd. Stifel Nicolaus reissued a “hold” rating and set a $120.00 price objective on shares of Zimmer Biomet in a report on Friday, November 3rd. SunTrust Banks reissued a “buy” rating and set a $136.00 price objective on shares of Zimmer Biomet in a report on Monday, October 2nd. TheStreet lowered shares of Zimmer Biomet from a “b-” rating to a “c+” rating in a report on Friday, November 24th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Zimmer Biomet in a report on Friday, January 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Zimmer Biomet currently has a consensus rating of “Buy” and a consensus price target of $137.42.

The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.78 and a current ratio of 1.47. The stock has a market cap of $24,760.00, a price-to-earnings ratio of 38.10, a P/E/G ratio of 1.96 and a beta of 1.15.

Zimmer Biomet (NYSE:ZBH) last posted its quarterly earnings results on Wednesday, November 1st. The medical equipment provider reported $1.72 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.02). Zimmer Biomet had a net margin of 5.43% and a return on equity of 3.82%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the previous year, the company posted $1.79 earnings per share. Zimmer Biomet’s revenue for the quarter was down .8% compared to the same quarter last year. equities analysts forecast that Zimmer Biomet Holdings Inc will post 8.03 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Friday, December 29th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.79%. The ex-dividend date is Thursday, December 28th. Zimmer Biomet’s payout ratio is 29.91%.

A number of large investors have recently bought and sold shares of ZBH. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in Zimmer Biomet by 99.6% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,942 shares of the medical equipment provider’s stock valued at $1,277,000 after purchasing an additional 4,960 shares during the last quarter. Schroder Investment Management Group purchased a new stake in Zimmer Biomet in the second quarter valued at $4,783,000. CIBC World Markets Inc. purchased a new stake in Zimmer Biomet in the second quarter valued at $270,000. Aberdeen Asset Management PLC UK boosted its holdings in Zimmer Biomet by 6.7% in the second quarter. Aberdeen Asset Management PLC UK now owns 47,505 shares of the medical equipment provider’s stock valued at $6,099,000 after purchasing an additional 2,995 shares during the last quarter. Finally, Financial Counselors Inc. boosted its holdings in Zimmer Biomet by 1.2% in the second quarter. Financial Counselors Inc. now owns 6,215 shares of the medical equipment provider’s stock valued at $798,000 after purchasing an additional 73 shares during the last quarter. 85.92% of the stock is currently owned by institutional investors.

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About Zimmer Biomet

Zimmer Biomet Holdings, Inc is engaged in designing, manufacturing and marketing of orthopedic reconstructive products; sports medicine, biologics, extremities and trauma products; office-based technologies; spine, craniomaxillofacial and thoracic products; dental implants, and related surgical products.

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