Zimmer Biomet (ZBH) Stock Forecast & Price Target

$110.64 -0.32 (-0.29%)

(As of 05:00 PM ET)

Zimmer Biomet - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 20 Analyst Ratings

Sell
2

Hold
12

Buy
6

Based on 20 Wall Street analysts who have issued ratings for Zimmer Biomet in the last 12 months, the stock has a consensus rating of "Hold." Out of the 20 analysts, 2 have given a sell rating, 12 have given a hold rating, and 6 have given a buy rating for ZBH.

Consensus Price Target

$123.22
11.37% Upside

According to the 20 analysts' twelve-month price targets for Zimmer Biomet, the average price target is $123.22. The highest price target for ZBH is $150.00, while the lowest price target for ZBH is $107.00. The average price target represents a forecasted upside of 11.37% from the current price of $110.64.

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ZBH Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)
Hold	12 Hold rating(s)	11 Hold rating(s)	10 Hold rating(s)	8 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$123.22	$123.94	$127.11	$139.85
Forecasted Upside	11.37% Upside	21.10% Upside	11.32% Upside	22.85% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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ZBH Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ZBH Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Zimmer Biomet Stock vs. The Competition

Type	Zimmer Biomet	Medical Companies	S&P 500
Consensus Rating Score	2.20	2.80	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	11.35% Upside	24,512.73% Upside	6.81% Upside
News Sentiment Rating	Positive News See Recent ZBH News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/4/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$120.00 ➝ $125.00	+16.16%
11/1/2024	Truist Financial 2 of 5 stars		Boost Target	Hold ➝ Hold	$112.00 ➝ $117.00	+8.17%
10/31/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$110.00 ➝ $117.00	+9.43%
10/31/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
10/15/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$145.00 ➝ $135.00	+29.93%
10/14/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$128.00 ➝ $123.00	+17.69%
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10/3/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$134.00 ➝ $126.00	+20.56%
10/1/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$113.00 ➝ $110.00	+2.31%
9/16/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$125.00 ➝ $120.00	+12.46%
9/10/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$120.00 ➝ $115.00	+10.09%
9/10/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Polark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
9/6/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$143.00 ➝ $119.00	+13.61%
8/8/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sell ➝ Sell	$112.00 ➝ $107.00	-0.07%
8/8/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$155.00 ➝ $145.00	+37.01%
7/15/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$130.00 ➝ $120.00	+12.21%
7/10/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$134.00 ➝ $120.00	+12.25%
7/1/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. O'brien Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Neutral	$140.00 ➝ $115.00	+5.96%
5/31/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$130.00 ➝ $125.00	+9.39%
5/30/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$129.00	+12.04%
5/21/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Toung Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$150.00	+25.89%
11/13/2023	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Outperform ➝ Market Outperform	$160.00 ➝ $140.00	+31.14%
10/20/2023	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$120.00	+14.56%
5/18/2023	22nd Century Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
5/18/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
5/18/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$160.00 ➝ $165.00	+22.19%
5/3/2023	58.com Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
5/3/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$121.00 ➝ $147.00	+4.13%
5/3/2023	FIG Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral
5/3/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral
5/3/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$136.00 ➝ $152.00	+6.29%
3/31/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Hold	$115.00 ➝ $130.00	+2.56%
2/6/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$125.00 ➝ $140.00	+8.15%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 05:26 PM ET.

Should I Buy Zimmer Biomet Stock? ZBH Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 20, 2024. Please send any questions or comments about these Zimmer Biomet pros and cons to contact@marketbeat.com.

Zimmer Biomet
Bull Case

Here are some ways that investors could benefit from investing in Zimmer Biomet Holdings, Inc.:

The company recently reported earnings per share (EPS) of $1.74, meeting analysts' expectations, which indicates strong financial performance and stability.
Zimmer Biomet Holdings, Inc. has shown a year-over-year revenue increase of 4.1%, reflecting growth in its business operations and demand for its orthopedic products.
The current stock price is $108.41, which is within a reasonable range compared to its twelve-month high of $133.90, suggesting potential for price appreciation.
The company has a relatively low dividend payout ratio of 18.25%, indicating that it retains a significant portion of its earnings for reinvestment, which could lead to future growth.
Analysts have a consensus rating of "Hold" with an average target price of $123.22, suggesting that there is potential for the stock to reach higher valuations in the near term.

Zimmer Biomet
Bear Case

Investors should be bearish about investing in Zimmer Biomet Holdings, Inc. for these reasons:

Several analysts have recently downgraded their price targets for the stock, indicating a lack of confidence in its short-term performance.
The stock has a beta of 1.02, suggesting it is slightly more volatile than the market, which could pose risks for risk-averse investors.
Despite the revenue growth, the company has a price-to-earnings (P/E) ratio of 21.40, which may be considered high compared to industry averages, potentially indicating overvaluation.
Two analysts have rated the stock with a sell rating, which could signal concerns about the company's future performance and market position.
The dividend yield of 0.85% is relatively low, which may not attract income-focused investors looking for higher returns from dividends.

ZBH Forecast - Frequently Asked Questions

: According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Zimmer Biomet is $123.22, with a high forecast of $150.00 and a low forecast of $107.00.
: 20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Zimmer Biomet in the last twelve months. There are currently 2 sell ratings, 12 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ZBH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ZBH, but not buy additional shares or sell existing shares.
: According to analysts, Zimmer Biomet's stock has a predicted upside of 11.37% based on their 12-month stock forecasts.
: Zimmer Biomet has been rated by research analysts at BTIG Research, Canaccord Genuity Group, Evercore ISI, JPMorgan Chase & Co., Needham & Company LLC, Oppenheimer, Raymond James, Royal Bank of Canada, TD Cowen, Truist Financial, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Zimmer Biomet less than other "medical" companies. The consensus rating for Zimmer Biomet is Hold while the average consensus rating for "medical" companies is Moderate Buy. Learn more on how ZBH compares to other companies.

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This page (NYSE:ZBH) was last updated on 11/26/2024 by MarketBeat.com Staff

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Zimmer Biomet (ZBH) Stock Forecast & Price Target