Stryker Corp. Reaches New 12-Month High at $71.75 (SYK)
Stryker Corp. (NYSE:SYK)’s share price reached a new 52-week high during mid-day trading on Wednesday, Analyst Ratings.Net reports. The stock traded as high as $71.75 and last traded at $71.75, with a volume of 649,421 shares traded. The stock had previously closed at $71.35.
A number of research firms have recently commented on SYK. 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, September 9th. 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 analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $68.57.
In other Stryker Corp. news, Director Ronda Stryker sold 14,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $70.25, for a total value of $983,500.00. Following the sale, the director now directly owns 155,225 shares in the company. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Stryker Corp. has a one year low of $51.60 and a one year high of $71.55. The stock’s 50-day moving average is $69.33 and its 200-day moving average is $67.23. The company has a market cap of $27.142 billion and a price-to-earnings ratio of 23.94.
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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