Oppenheimer Believes Zimmer Biomet Holdings (NYSE: ZBH) Won’t Stop Here

In a report released today, Steven Lichtman from Oppenheimer assigned a Buy rating to Zimmer Biomet Holdings (ZBHResearch Report), with a price target of $173.00. The company’s shares closed last Friday at $163.45, close to its 52-week high of $165.93.

According to TipRanks.com, Lichtman is a 5-star analyst with an average return of 13.3% and a 58.0% success rate. Lichtman covers the Healthcare sector, focusing on stocks such as Merit Medical Systems, Integra Lifesciences, and Motus Gi Holdings.

Zimmer Biomet Holdings has an analyst consensus of Strong Buy, with a price target consensus of $171.68, which is a 1.0% upside from current levels. In a report issued on January 25, BTIG also maintained a Buy rating on the stock with a $173.00 price target.

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Zimmer Biomet Holdings’ market cap is currently $33.32B and has a P/E ratio of -202.50. The company has a Price to Book ratio of -7.94.

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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.