Stryker Director Sells $1,158,780 in Stock (SYK)
Stryker (NYSE:SYK) Director Ronda E. Stryker sold 14,000 shares of the stock on the open market in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $82.77, for a total transaction of $1,158,780.00. Following the sale, the director now directly owns 174,605 shares of the company’s stock, valued at approximately $14,452,056. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on SYK. Analysts at Zacks reiterated a “neutral” rating on shares of Stryker in a research note on Thursday, July 10th. They now have a $88.00 price target on the stock. Separately, analysts at Cantor Fitzgerald raised their price target on shares of Stryker from $78.00 to $84.00 in a research note on Tuesday, July 1st. Finally, 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. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $83.22.
Stryker (NYSE:SYK) traded down 0.85% on Tuesday, hitting $82.74. 1,787,406 shares of the company’s stock traded hands. Stryker has a 52-week low of $66.44 and a 52-week high of $86.93. The stock has a 50-day moving average of $84.51 and a 200-day moving average of $80.81. The company has a market cap of $31.366 billion and a price-to-earnings ratio of 41.33.
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. On average, analysts predict that Stryker will post $4.80 earnings per share for the current fiscal year.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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