Stryker Corporation (SYK) Given Average Recommendation of “Hold” by Brokerages
Stryker Corporation (NYSE:SYK) has earned a consensus rating of “Hold” from the twenty-three research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $145.64.
A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Stryker Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $161.00 price objective on shares of Stryker Corporation in a research note on Monday. BidaskClub cut Stryker Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Oppenheimer Holdings, Inc. set a $148.00 target price on Stryker Corporation and gave the company a “hold” rating in a research report on Friday, July 28th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $132.00 target price on shares of Stryker Corporation in a research report on Friday, June 30th.
In other Stryker Corporation news, insider Graham A. Mclean sold 1,124 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $146.26, for a total value of $164,396.24. Following the sale, the insider now owns 8,983 shares of the company’s stock, valued at $1,313,853.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David Floyd sold 19,305 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $144.56, for a total value of $2,790,730.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,429 shares of company stock valued at $3,686,927. Company insiders own 7.40% of the company’s stock.
Several hedge funds have recently bought and sold shares of SYK. Bollard Group LLC lifted its stake in Stryker Corporation by 0.4% during the 2nd quarter. Bollard Group LLC now owns 832 shares of the medical technology company’s stock worth $115,000 after acquiring an additional 3 shares in the last quarter. Assetmark Inc. increased its stake in Stryker Corporation by 0.3% during the first quarter. Assetmark Inc. now owns 1,274 shares of the medical technology company’s stock worth $168,000 after purchasing an additional 4 shares during the period. Blue Chip Partners Inc. increased its stake in Stryker Corporation by 0.3% during the first quarter. Blue Chip Partners Inc. now owns 1,775 shares of the medical technology company’s stock worth $234,000 after purchasing an additional 6 shares during the period. Guardian Life Insurance Co. of America increased its stake in Stryker Corporation by 0.8% during the first quarter. Guardian Life Insurance Co. of America now owns 1,199 shares of the medical technology company’s stock worth $158,000 after purchasing an additional 9 shares during the period. Finally, FineMark National Bank & Trust increased its stake in Stryker Corporation by 0.4% during the second quarter. FineMark National Bank & Trust now owns 3,878 shares of the medical technology company’s stock worth $538,000 after purchasing an additional 15 shares during the period. Hedge funds and other institutional investors own 74.13% of the company’s stock.
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Shares of Stryker Corporation (NYSE:SYK) traded up 1.05% during midday trading on Wednesday, reaching $143.51. The company’s stock had a trading volume of 1,053,833 shares. The stock has a 50-day moving average of $143.56 and a 200 day moving average of $138.98. Stryker Corporation has a 12-month low of $106.48 and a 12-month high of $148.84. The firm has a market capitalization of $53.68 billion, a P/E ratio of 32.03 and a beta of 0.81.
Stryker Corporation (NYSE:SYK) last released its earnings results on Thursday, July 27th. The medical technology company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. Stryker Corporation had a net margin of 14.22% and a return on equity of 24.26%. The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the previous year, the company earned $1.39 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. Equities research analysts predict that Stryker Corporation will post $6.46 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be given a $0.425 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.70 dividend on an annualized basis and a yield of 1.18%. Stryker Corporation’s dividend payout ratio is currently 37.95%.
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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