Canaccord Genuity Maintains a Buy Rating on Zimmer Biomet Holdings (ZBH)

In a report issued on May 2, Kyle Rose from Canaccord Genuity maintained a Buy rating on Zimmer Biomet Holdings (ZBHResearch Report), with a price target of $189.00. The company’s shares closed last Wednesday at $172.90, close to its 52-week high of $180.36.

According to TipRanks.com, Rose is a 5-star analyst with an average return of 18.3% and a 58.3% success rate. Rose covers the Healthcare sector, focusing on stocks such as Smith & Nephew Snats, SeaSpine Holdings, and Alphatec Holdings.

Zimmer Biomet Holdings has an analyst consensus of Strong Buy, with a price target consensus of $190.75, representing a 9.8% upside. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $195.00 price target.

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Based on Zimmer Biomet Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.09 billion and net profit of $334 million. In comparison, last year the company earned revenue of $2.13 billion and had a net profit of $321 million.

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Zimmer Biomet Holdings, Inc. is a musculoskeletal healthcare company. The company engages in designing, manufacturing and marketing orthopedic reconstructive products; biologics, sports medicine, extremities and trauma products; spine, dental implants, bone healing, craniomaxillofacial and thoracic products; and related surgical products.