Stryker Corp. Director Ronda Stryker Sells 14,000 Shares (SYK)
Stryker Corp. (NYSE:SYK) Director Ronda Stryker sold 14,000 shares of Stryker Corp. stock on the open market in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $70.95, for a total value of $993,300.00. Following the transaction, the director now directly owns 165,225 shares in the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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 investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eleven have issued a buy rating to the stock. Stryker Corp. presently has an average rating of “Hold” and an average price target of $68.57.
Stryker Corp. (NYSE:SYK) opened at 71.78 on Thursday. Stryker Corp. has a 52-week low of $51.60 and a 52-week high of $71.86. The stock’s 50-day moving average is $69.34 and its 200-day moving average is $67.28. The company has a market cap of $27.142 billion and a P/E ratio of 24.09.
Stryker Corp. (NYSE:SYK) last issued its quarterly earnings data 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. 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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