Stryker Corp. Receives Consensus Rating of “Hold” from Brokerages (NYSE:SYK)
Stryker Corp. (NYSE:SYK) has been given a consensus recommendation of “Hold” by the twenty-two analysts that are currently covering the company, Analyst Ratings Network.com reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $74.79.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of Stryker Corp. from a “hold” rating to a “buy” rating in a research note 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 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 on Monday, January 13th.
Shares of Stryker Corp. (NYSE:SYK) traded down 0.07% during mid-day trading on Thursday, hitting $81.07. 405,579 shares of the company’s stock traded hands. Stryker Corp. has a one year low of $63.18 and a one year high of $83.86. The stock’s 50-day moving average is $79.15 and its 200-day moving average is $73.55. The company has a market cap of $30.634 billion and a P/E ratio of 30.85.
Stryker Corp. (NYSE:SYK) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.23 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.14 earnings per share. Stryker Corp.’s revenue was up 5.6% compared to the same quarter last year. On average, analysts predict that Stryker Corp. will post $4.83 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Thursday, March 27th.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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