Stocks of Zimmer Biomet Holdings Inc (NYSE:ZBH) traded higher last session on Wall Street, down -5.14% to $102.69.
ZBH stock price is now -4.88% away from the 50-day moving average and -6.54% away from the 200-day moving average. The market capitalization of the company currently stands at $20.44B.
With the price target enhanced from $125 to $128, JP Morgan Upgraded its rating from Neutral to Overweight for Zimmer Biomet Holdings Inc (NYSE: ZBH). , while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, Yi Sang, Group President, Asia Pacific sold 12,857 shares of the company’s stock on May 31 ’24. The stock was sold for $1,474,582 at an average price of $114.69. Upon completion of the transaction, the Group President, Asia Pacific now directly owns 5,322 shares in the company, valued at $0.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07 ’24, Group President, Asia Pacific Yi Sang sold 1,705 shares of the business’s stock. A total of $216,296 was realized by selling the stock at an average price of $126.86. This leaves the insider owning 18,179 shares of the company worth $1.87 million. A total of 0.14% of the company’s stock is owned by insiders.
During the past 12 months, Zimmer Biomet Holdings Inc has had a low of $100.67 and a high of $133.90. As of last week, the company has a debt-to-equity ratio of 0.52, a current ratio of 1.36, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $27627929600, which is based on a 19.56 price-to-earnings ratio, a 3.06 price-to-earnings-growth ratio, and a beta of 1.04. The fifty day moving average price for ZBH is $108.0698 and a two-hundred day moving average price translates $109.9577 for the stock.
The latest earnings results from Zimmer Biomet Holdings Inc (NYSE: ZBH) was released for 2024-09-30. The net profit margin was 14.27% and return on equity was 8.71% for ZBH. The company reported revenue of $1.82 billion for the quarter, compared to $1.75 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.03 percent.
