Insider Selling: Stryker Corp. Director Sells 14,000 Shares of Stock (SYK)
Stryker Corp. (NYSE:SYK) Director Ronda Stryker sold 14,000 shares of the stock on the open market in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $69.06, for a total transaction of $966,840.00. Following the completion of the sale, the director now directly owns 155,225 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Stryker Corp. (NYSE:SYK) from $75.00 to $79.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse upgraded shares of Stryker Corp. (NYSE:SYK) from a “neutral” rating to an “outperform” rating in a research note to investors on Friday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Stryker Corp. (NYSE:SYK) in a research note to investors on Wednesday, August 28th. They now have a $70.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $68.57.
Stryker Corp. (NYSE:SYK) traded up 0.55% on Tuesday, hitting $69.54. The stock had a trading volume of 1,303,377 shares. Stryker Corp. has a 1-year low of $51.60 and a 1-year high of $71.55. The stock has a 50-day moving average of $69.4 and a 200-day moving average of $66.92. The company has a market cap of $26.295 billion and a price-to-earnings ratio of 23.21.
Stryker Corp. (NYSE:SYK) last posted its quarterly earnings results on Thursday, July 18th. The company reported $1.00 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.03 by $0.03. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the company posted $0.98 earnings per share. Stryker Corp.’s revenue was up 5.0% compared to the same quarter last year. On average, analysts predict that Stryker Corp. will post $4.23 earnings per share for the current fiscal year.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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