Stryker PT Raised to $85.00 at Canaccord Genuity (SYK)
Research analysts at Canaccord Genuity upped their price target on shares of Stryker (NYSE:SYK) from $82.00 to $85.00 in a report released on Thursday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target indicates a potential upside of 9.14% from the stock’s previous close.
A number of other firms have also recently commented on SYK. Analysts at SunTrust
upgraded shares of Stryker from a “reduce” rating to a “neutral” rating in a research note on Monday, April 14th. They now have a $84.00 price target on the stock, up previously from $74.00. Separately, analysts at SunTrust upgraded shares of Stryker from a “reduce” rating to a “neutral” rating in a research note on Monday, April 14th. They now have a $84.00 price target on the stock, up previously from $74.00. Finally, analysts at Cowen and Company raised their price target on shares of Stryker from $86.00 to $91.00 in a research note on Monday, March 17th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Stryker currently has an average rating of “Hold” and a consensus price target of $78.25.
Shares of Stryker (NYSE:SYK) traded down 0.65% on Thursday, hitting $77.88. 4,159,739 shares of the company’s stock traded hands. Stryker has a one year low of $63.71 and a one year high of $84.85. The stock has a 50-day moving average of $80.62 and a 200-day moving average of $76.92. The company has a market cap of $29.429 billion and a price-to-earnings ratio of 29.81.
Stryker (NYSE:SYK) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.06 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.09 by $0.03. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter last year, the company posted $1.03 earnings per share. Stryker’s revenue was up 5.3% compared to the same quarter last year. Analysts expect that Stryker will post $4.84 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, June 26th.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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