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Zimmer Biomet Holdings Inc (NYSE: ZBH) closed the day trading at $107.46 up 0.87% from the previous closing price of $106.53. In other words, the price has increased by $0.87 from its previous closing price. On the day, 1.12 million shares were traded. ZBH stock price reached its highest trading level at $108.1483 during the session, while it also had its lowest trading level at $106.31.
Ratios:
For a better understanding of ZBH, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 56.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.80. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 1.66. In the meantime, Its Debt-to-Equity ratio is 0.46 whereas as Long-Term Debt/Eq ratio is at 0.38.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on July 01, 2024, Downgraded its rating to Neutral and sets its target price to $115 from $140 previously.
On May 30, 2024, Goldman started tracking the stock assigning a Neutral rating and target price of $129.
Argus Upgraded its Hold to Buy on May 21, 2024, while the target price for the stock was maintained at $150.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 31 ’24 when Yi Sang sold 12,857 shares for $114.69 per share. The transaction valued at 1,474,582 led to the insider holds 5,322 shares of the business.
Yi Sang sold 1,705 shares of ZBH for $216,296 on Mar 07 ’24. The Group President, Asia Pacific now owns 18,179 shares after completing the transaction at $126.86 per share. On Feb 22 ’24, another insider, Phipps Chad F, who serves as the Sr. VP/Gen Counsel/Secretary of the company, sold 26,156 shares for $128.62 each. As a result, the insider received 3,364,126 and left with 44,145 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ZBH now has a Market Capitalization of 22107531264 and an Enterprise Value of 27726473216. As of this moment, Zimmer’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.26, and their Forward P/E ratio for the next fiscal year is 12.37. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.97 while its Price-to-Book (P/B) ratio in mrq is 1.75. Its current Enterprise Value per Revenue stands at 3.72 whereas that against EBITDA is 11.21.
Stock Price History:
The Beta on a monthly basis for ZBH is 1.01, which has changed by -0.23673558 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, ZBH has reached a high of $143.24, while it has fallen to a 52-week low of $102.00. The 50-Day Moving Average of the stock is -4.85%, while the 200-Day Moving Average is calculated to be -8.47%.
Shares Statistics:
Over the past 3-months, ZBH traded about 1.51M shares per day on average, while over the past 10 days, ZBH traded about 1263110 shares per day. A total of 205.60M shares are outstanding, with a floating share count of 205.46M. Insiders hold about 0.13% of the company’s shares, while institutions hold 91.89% stake in the company. Shares short for ZBH as of 1719532800 were 5282322 with a Short Ratio of 3.50, compared to 1717113600 on 4580684. Therefore, it implies a Short% of Shares Outstanding of 5282322 and a Short% of Float of 2.91.
Dividends & Splits
ZBH’s forward annual dividend rate is 0.96, up from 0.96 a year ago. Against a Trailing Annual Dividend Yield of 0.009011546The stock’s 5-year Average Dividend Yield is 0.74. The current Payout Ratio is 19.66% for ZBH, which recently paid a dividend on 2024-06-26 with an ex-dividend date of 1719360000. Stock splits for the company last occurred on 2022-03-01 when the company split stock in a 103:100 ratio.
