Leerink Partners analyst Richard Newitter maintained a Buy rating on Zimmer Biomet Holdings (NYSE:ZBH) on Wednesday, setting a price target of $146, which is approximately 20.79% above the present share price of $120.87.
Newitter expects Zimmer Biomet Holdings to post earnings per share (EPS) of -$2.46 for the third quarter of 2020.
The current consensus among 18 TipRanks analysts is for a Moderate Buy rating of shares in Zimmer Biomet Holdings, with an average price target of $140.81.
The analysts price targets range from a high of $165 to a low of $99.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.78 billion and a net profit of $205.4 million. The company's market cap is $25.67 billion.
According to TipRanks.com, Leerink Partners analyst Richard Newitter is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 22.5% and a 66.12% success rate.
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. Its products and solutions help treat patients suffering from disorders of, or injuries to, bones, joints or supporting soft tissues. Zimmer Biomet Holdings was founded by Justin O. Zimmer in 1927 and is headquartered in Warsaw, IN.