Beyond The Numbers: 8 Analysts Discuss Zimmer Biomet Holdings Stock
Portfolio Pulse from Benzinga Insights
Eight analysts have recently reviewed Zimmer Biomet Holdings (NYSE:ZBH), with sentiments ranging from bullish to bearish. Over the past three months, there have been 2 somewhat bullish and 6 indifferent ratings, with no bullish or bearish ratings. The average 12-month price target is now $126.38, a 10.37% decrease from the previous $141.00 target. Analysts have adjusted their ratings and price targets in response to market dynamics and company performance, with some raising and others lowering their expectations. Zimmer Biomet designs and markets orthopedic products and has spun out its dental and spine businesses in 2022. The company's market cap is below industry averages, and it has seen a 5.02% revenue growth over three months, which is lower than its peers. Its net margin and ROE are also below industry averages, while it maintains a conservative debt-to-equity ratio of 0.45.
December 22, 2023 | 9:00 pm
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Zimmer Biomet Holdings has received mixed reviews from analysts, with a downward revision in the average price target to $126.38, indicating a potential decrease in stock price. The company's revenue growth and profitability metrics are below industry averages, which may concern investors.
The reduction in the average price target by analysts suggests a bearish outlook for Zimmer Biomet Holdings in the short term. The company's lower-than-average revenue growth and profitability metrics, as well as the recent adjustments in analyst ratings, are likely to negatively impact investor sentiment and the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100