Stryker Corp. Hits New 52-Week High at $79.26 (SYK)
Stryker Corp. (NYSE:SYK) set a new 52-week high during trading on Friday, AnalystRatingsNetwork.com reports. The stock traded as high as $79.26 and last traded at $79.23, with a volume of 793,662 shares. The stock had previously closed at $78.21.
A number of analysts have recently weighed in on SYK shares. Analysts at TheStreet upgraded shares of Stryker Corp. from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 23rd. Separately, analysts at Canaccord Genuity raised their price target on shares of Stryker Corp. from $76.00 to $82.00 in a research note to investors on Thursday, January 23rd. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Stryker Corp. from $77.00 to $84.00 in a research note to investors on Monday, January 13th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $74.79.
In other Stryker Corp. news, Insider Timothy Scannell sold 7,500 shares of the company’s stock on the open market in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $76.84, for a total transaction of $576,300.00. Following the transaction, the insider now directly owns 29,454 shares in the company, valued at approximately $2,263,245. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Stryker Corp. has a one year low of $61.59 and a one year high of $79.24. The stock’s 50-day moving average is $76.62 and its 200-day moving average is $72.50. The company has a market cap of $30.056 billion and a P/E ratio of 29.74.
Stryker Corp. (NYSE:SYK) last announced its earnings results on Wednesday, January 22nd. The company reported $1.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.22 by $0.01. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the prior year, the company posted $1.14 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts predict that Stryker Corp. will post $4.84 earnings per share for the current fiscal year.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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