Analysts Set Stryker Corporation (SYK) Price Target at $150.26
Shares of Stryker Corporation (NYSE:SYK) have been assigned an average recommendation of “Hold” from the twenty-five brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $151.47.
Several equities analysts have commented on the company. Needham & Company LLC reiterated a “hold” rating on shares of Stryker in a report on Thursday, December 7th. Royal Bank of Canada reiterated a “buy” rating and set a $155.00 price target on shares of Stryker in a report on Monday, October 2nd. BidaskClub upgraded Stryker from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. BMO Capital Markets upgraded Stryker to a “market perform” rating and set a $163.00 price target on the stock in a report on Tuesday. Finally, SunTrust Banks reiterated a “buy” rating and set a $161.00 price target on shares of Stryker in a report on Monday, October 2nd.
In other news, insider Lonny J. Carpenter sold 5,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $155.34, for a total value of $776,700.00. Following the sale, the insider now owns 83,207 shares in the company, valued at $12,925,375.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 7.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of SYK. Koch Industries Inc. boosted its stake in Stryker by 34,120.3% during the second quarter. Koch Industries Inc. now owns 1,260,675 shares of the medical technology company’s stock worth $1,252,000 after buying an additional 1,256,991 shares in the last quarter. BlackRock Inc. boosted its stake in Stryker by 5.2% during the second quarter. BlackRock Inc. now owns 23,115,853 shares of the medical technology company’s stock worth $3,208,017,000 after buying an additional 1,139,082 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Stryker by 2,237.8% during the second quarter. Janus Henderson Group PLC now owns 1,019,254 shares of the medical technology company’s stock worth $141,452,000 after buying an additional 975,656 shares in the last quarter. Vanguard Group Inc. boosted its stake in Stryker by 2.8% during the second quarter. Vanguard Group Inc. now owns 24,078,709 shares of the medical technology company’s stock worth $3,341,643,000 after buying an additional 657,656 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in Stryker by 117.1% during the third quarter. APG Asset Management N.V. now owns 583,736 shares of the medical technology company’s stock worth $82,902,000 after buying an additional 314,800 shares in the last quarter. Hedge funds and other institutional investors own 74.97% of the company’s stock.
Shares of Stryker (SYK) traded down $1.97 during mid-day trading on Monday, reaching $151.34. The company’s stock had a trading volume of 1,406,741 shares, compared to its average volume of 1,178,710. Stryker has a one year low of $116.50 and a one year high of $160.62. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.61 and a current ratio of 2.37. The firm has a market capitalization of $57,509.09, a P/E ratio of 24.35, a PEG ratio of 2.42 and a beta of 0.78.
Stryker (NYSE:SYK) last announced its quarterly earnings results on Thursday, October 26th. The medical technology company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.50 by $0.02. Stryker 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 company posted $1.39 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. sell-side analysts expect that Stryker will post 6.47 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be paid a $0.47 dividend. This is an increase from Stryker’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.88 annualized dividend and a dividend yield of 1.24%. Stryker’s dividend payout ratio (DPR) is presently 36.32%.
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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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