5 Best Healthcare Stocks To Buy In 2022

Page 1 of 5

In this article, we discuss 5 best healthcare stocks to buy in 2022. If you want our detailed analysis of these stocks, go directly to 10 Best Healthcare Stocks To Buy In 2022

5. Zimmer Biomet Holdings, Inc. (NYSE:ZBH)

Number of Hedge Fund Holders: 47

Zimmer Biomet Holdings, Inc. (NYSE:ZBH) is an Indiana-based company that manufactures medical devices such as orthopedic reconstructive products and surgical instruments.

On February 7, Zimmer Biomet Holdings, Inc. (NYSE:ZBH) reported earnings for the fourth quarter, posting an EPS of $1.95, missing estimates by $0.03. Zimmer Biomet Holdings, Inc. (NYSE:ZBH)’s revenue for the period was $2.04 billion, missing market consensus estimates by $28.63 million. 

Zimmer Biomet Holdings, Inc. (NYSE:ZBH) announced on February 7 that its board declared a pro rata dividend of 80.3% of the outstanding common stock of ZimVie, the spinoff of its dental and spine businesses, to Zimmer Biomet Holdings, Inc. (NYSE:ZBH) shareholders of record on February 15. The dividend is payable on March 1. 

Loop Capital analyst Jason Wittes lowered the price target on Zimmer Biomet Holdings, Inc. (NYSE:ZBH) on February 9 to $140 from $165 after its Q4 earnings miss and FY22 guidance but kept a Buy rating on the shares. The company has a more “conservative” approach to COVID-19 than its peers, assuming another full year of impact from the pandemic while its peers expect at least some easing in the second half of the year, the analyst told investors in a bullish thesis.

Among the hedge funds tracked by Insider Monkey in Q3 2021, 47 funds were long Zimmer Biomet Holdings, Inc. (NYSE:ZBH), with stakes totaling $1.6 billion, as compared to 48 funds holding stakes in Zimmer Biomet Holdings, Inc. (NYSE:ZBH) worth $1.78 billion in the preceding quarter. Viking Global held the leading stake in the company as of September 2021, with 3.40 million shares valued at approximately $499 million. 

Page 1 of 5