Stryker Corporation (NYSE:SYK) was upgraded by Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued on Friday.

Several other brokerages also recently commented on SYK. SunTrust Banks, Inc. reiterated a “buy” rating and set a $161.00 target price on shares of Stryker Corporation in a research note on Friday, November 17th. Wells Fargo & Co lifted their target price on Stryker Corporation from $160.00 to $166.00 in a research note on Friday, October 27th. Barclays PLC lifted their price target on Stryker Corporation from $137.00 to $148.00 and gave the stock an “underweight” rating in a report on Friday, October 27th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Stryker Corporation in a report on Wednesday, August 23rd. Finally, Zacks Investment Research raised Stryker Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $152.10.

Stryker Corporation (SYK) opened at $154.79 on Friday. 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 one year low of $110.00 and a one year high of $160.62. The company has a market capitalization of $58,280.02, a P/E ratio of 24.68, a PEG ratio of 2.45 and a beta of 0.79.

Stryker Corporation (NYSE:SYK) last issued its earnings results on Thursday, October 26th. The medical technology company reported $1.52 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the previous year, the company posted $1.39 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. research analysts anticipate that Stryker Corporation will post 6.47 earnings per share for the current fiscal year.

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In other Stryker Corporation news, insider Lonny J. Carpenter sold 5,000 shares of Stryker Corporation stock in a transaction on 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.40% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of SYK. BlackRock Inc. grew its position in Stryker Corporation by 2,526.4% during the 1st quarter. BlackRock Inc. now owns 21,976,771 shares of the medical technology company’s stock worth $2,893,242,000 after acquiring an additional 21,140,000 shares during the last quarter. Koch Industries Inc. grew its position in Stryker Corporation by 34,120.3% during the 2nd quarter. Koch Industries Inc. now owns 1,260,675 shares of the medical technology company’s stock worth $1,252,000 after acquiring an additional 1,256,991 shares during the last quarter. Vanguard Group Inc. grew its position in Stryker Corporation by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 23,421,053 shares of the medical technology company’s stock worth $3,083,382,000 after acquiring an additional 1,161,688 shares during the last quarter. Janus Henderson Group PLC grew its position in Stryker Corporation by 2,237.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,019,254 shares of the medical technology company’s stock worth $141,452,000 after acquiring an additional 975,656 shares during the last quarter. Finally, Morgan Stanley grew its position in shares of Stryker Corporation by 17.9% in the 1st quarter. Morgan Stanley now owns 2,144,472 shares of the medical technology company’s stock valued at $282,320,000 after buying an additional 325,661 shares during the last quarter. Institutional investors and hedge funds own 74.20% of the company’s stock.

About Stryker Corporation

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.

Analyst Recommendations for Stryker Corporation (NYSE:SYK)

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