Stryker Corp. Price Target Raised to $74.00 at Jefferies Group (SYK)
Analysts at Jefferies Group raised their price target on shares of Stryker Corp. (NYSE:SYK) from $69.00 to $74.00 in a research report issued to clients and investors on Friday, Analyst Ratings.Net reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 0.74% from the company’s current price.
Stryker Corp. (NYSE:SYK) traded up 1.25% during mid-day trading on Friday, hitting $73.46. The stock had a trading volume of 2,696,097 shares. Stryker Corp. has a 1-year low of $51.81 and a 1-year high of $73.60. The stock has a 50-day moving average of $69.42 and a 200-day moving average of $67.89. The company has a market cap of $27.778 billion and a price-to-earnings ratio of 24.35.
Stryker Corp. (NYSE:SYK) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by $0.01. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, analysts predict that Stryker Corp. will post $4.23 earnings per share for the current fiscal year.
In other Stryker Corp. news, Director Ronda E. Stryker sold 14,000 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $72.58, for a total value of $1,016,120.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of Stryker Corp. from $72.00 to $76.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Stryker Corp. in a research note to investors on Wednesday, September 25th. Finally, analysts at RBC Capital raised their price target on shares of Stryker Corp. from $74.00 to $81.00 in a research note to investors on Tuesday, September 24th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the company’s stock. Stryker Corp. presently has a consensus rating of “Hold” and a consensus price target of $69.33.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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