Stryker Corp. Director Unloads $1,024,520 in Stock (SYK)
Stryker Corp. (NYSE:SYK) Director Ronda Stryker unloaded 14,000 shares of Stryker Corp. stock on the open market in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $73.18, for a total value of $1,024,520.00. Following the transaction, the director now directly owns 165,225 shares of the company’s stock, valued at approximately $12,091,166. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
SYK has been the subject of a number of recent research reports. Analysts at Piper Jaffray Cos. raised their price target on shares of Stryker Corp. from $74.00 to $82.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Stryker Corp. in a research note to investors on Monday. They now have a $77.00 price target on the stock. Finally, analysts at TheStreet downgraded shares of Stryker Corp. to a “hold” rating in a research note to investors on Monday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $70.95.
Stryker Corp. (NYSE:SYK) traded up 0.51% during mid-day trading on Tuesday, hitting $73.53. 1,142,443 shares of the company’s stock traded hands. Stryker Corp. has a 1-year low of $51.60 and a 1-year high of $71.55. The stock’s 50-day moving average is $69. and its 200-day moving average is $67.10. The company has a market cap of $27.816 billion and a P/E ratio of 31.40.
Stryker Corp. (NYSE:SYK) last posted its quarterly earnings results on Thursday, October 17th. The company reported $0.98 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.97 earnings per share. The company’s quarterly revenue 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.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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