Stryker Corporation (NYSE:SYK) has earned an average rating of “Hold” from the twenty-five ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $151.40.
Several equities research analysts recently weighed in on the company. SunTrust Banks, Inc. reissued a “buy” rating and set a $161.00 price objective on shares of Stryker Corporation in a report on Monday, October 2nd. Stifel Nicolaus raised their price objective on Stryker Corporation from $151.00 to $158.00 and gave the company a “buy” rating in a report on Friday, July 28th. Oppenheimer Holdings, Inc. set a $156.00 price objective on Stryker Corporation and gave the company a “hold” rating in a report on Monday, October 30th. Canaccord Genuity raised their price objective on Stryker Corporation from $155.00 to $162.00 and gave the company a “buy” rating in a report on Friday, October 27th. Finally, BidaskClub lowered Stryker Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st.
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In related news, insider Lonny J. Carpenter sold 5,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $155.34, for a total value of $776,700.00. Following the completion of the sale, the insider now directly owns 83,207 shares of the company’s stock, valued at approximately $12,925,375.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.40% of the company’s stock.
Stryker Corporation (NYSE SYK) traded down $1.15 during midday trading on Thursday, hitting $154.80. The company had a trading volume of 701,100 shares, compared to its average volume of 1,179,359. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.61 and a current ratio of 2.37. Stryker Corporation has a 12 month low of $108.29 and a 12 month high of $160.62. The firm has a market cap of $58,560.00, a P/E ratio of 24.72, a price-to-earnings-growth ratio of 2.46 and a beta of 0.79.
Stryker Corporation (NYSE:SYK) last released its quarterly earnings data on Thursday, October 26th. The medical technology company reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.02. Stryker Corporation had a return on equity of 24.11% and a net margin of 14.67%. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter last year, the business posted $1.39 EPS. Stryker Corporation’s revenue for the quarter was up 6.1% on a year-over-year basis. equities research analysts anticipate that Stryker Corporation will post 6.47 EPS for the current year.
Stryker Corporation Company Profile
Stryker Corporation is a medical technology company. The Company offers a range of medical technologies, including orthopedic, medical and surgical, and neurotechnology and spine products. The Company’s segments include Orthopaedics; MedSurg; Neurotechnology and Spine, and Corporate and Other. The Orthopaedics segment includes reconstructive (hip and knee) and trauma implant systems and other related products.
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