Stryker Given New $84.00 Price Target at Cantor Fitzgerald (SYK)
Analysts at Cantor Fitzgerald lifted their price objective on shares of Stryker (NYSE:SYK) from $78.00 to $84.00 in a research report issued to clients and investors on Tuesday. Cantor Fitzgerald’s target price points to a potential downside of 1.75% from the company’s current price.
A number of other firms have also recently commented on SYK. Analysts at Argus upgraded shares of Stryker from a “hold” rating to a “buy” rating in a research note on Wednesday, June 11th. They now have a $102.00 price target on the stock. Separately, analysts at Bernstein raised their price target on shares of Stryker from $84.00 to $89.00 in a research note on Wednesday, June 4th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Stryker in a research note on Friday, April 25th. They now have a $82.00 price target on the stock. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $82.89.
Stryker (NYSE:SYK) traded up 1.40% on Tuesday, hitting $85.50. The stock had a trading volume of 1,178,372 shares. Stryker has a 52-week low of $63.71 and a 52-week high of $86.93. The stock’s 50-day moving average is $83.44 and its 200-day moving average is $80.13. The company has a market cap of $32.412 billion and a P/E ratio of 41.76.
Stryker (NYSE:SYK) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.06 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $1.03 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Analysts expect that Stryker will post $4.81 EPS for the current fiscal year.
In other Stryker news, Director Ronda E. Stryker sold 14,000 shares of the company’s stock on the open market in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $84.97, for a total value of $1,189,580.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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