What Made Northland Securities Upgrade Zimmer Biomet Holdings’ Stock?

Northland Securities analyst Jason Wittes upgraded Zimmer Biomet Holdings (ZBHResearch Report) to Buy today and set a price target of $200.00. The company’s shares closed last Thursday at $164.54, close to its 52-week high of $170.05.

According to TipRanks.com, Wittes is a 4-star analyst with an average return of 14.0% and a 61.3% success rate. Wittes covers the Healthcare sector, focusing on stocks such as Alphatec Holdings, Globus Medical, and Stereotaxis.

Zimmer Biomet Holdings has an analyst consensus of Strong Buy, with a price target consensus of $183.27.

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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.