Ronda Stryker Sells 14,000 Shares of Stryker Corp. Stock (SYK)
Stryker Corp. (NYSE:SYK) Director Ronda Stryker unloaded 14,000 shares of Stryker Corp. stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $69.50, for a total value of $973,000.00. Following the sale, the director now directly owns 155,225 shares in the company. The transaction was disclosed in a filing with the SEC, which is available at this link.
SYK has been the subject of a number of recent research reports. 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, September 6th. 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 research 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. Stryker Corp. currently has an average rating of “Hold” and an average price target of $68.57.
Shares of Stryker Corp. (NYSE:SYK) traded down 0.11% during mid-day trading on Thursday, hitting $69.50. The stock had a trading volume of 1,421,499 shares. Stryker Corp. has a 52 week low of $51.60 and a 52 week high of $71.55. The stock has a 50-day moving average of $69.30 and a 200-day moving average of $67.04. The company has a market cap of $26.280 billion and a P/E ratio of 23.35.
Stryker Corp. (NYSE:SYK) last issued its quarterly earnings data on Thursday, July 18th. The company reported $1.00 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.98 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts expect that Stryker Corp. will post $4.23 EPS for the current fiscal year.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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