Professional
Added to YB: 2024-05-22
Pitch date: 2024-05-21
ZBH [bullish]
Zimmer Biomet Holdings, Inc.
-22.61%
current return
Author Info
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Company Info
Zimmer Biomet Holdings, Inc., together with its subsidiaries, operates as a medical technology company worldwide.
Market Cap
$17.7B
Pitch Price
$117.47
Price Target
150.00 (+65%)
Dividend
1.07%
EV/EBITDA
9.12
P/E
22.18
EV/Sales
3.08
Sector
Health Care Equipment and Supplies
Category
growth
Zimmer Biomet Holdings, Inc.: Upgrading to BUY from HOLD with $150 target
ZBH: Upgrading to BUY with $150 PT. ROSA robotics system, new products (40+ in next 24-36 months), tuck-in M&A are growth drivers. Tailwinds from aging population needing joint replacements. Targets revenue growth > market by 100-200bps, EPS > revenue, FCF > EPS. 1Q24 beat on EPS & sales. Risks: Regulatory approval, pricing pressure.
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