Stryker Price Target Raised to $85.00 at Jefferies Group (SYK)
Investment analysts at Jefferies Group upped their price target on shares of Stryker (NYSE:SYK) from $83.00 to $85.00 in a note issued to investors on Friday. Jefferies Group’s target price suggests a potential upside of 4.03% from the stock’s previous close.
Stryker (NYSE:SYK) opened at 81.71 on Friday. 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 $84.48 and a 200-day moving average of $80.82. The company has a market cap of $30.976 billion and a price-to-earnings ratio of 40.47.
Stryker (NYSE:SYK) last announced its earnings results on Thursday, July 17th. The company reported $1.08 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.08. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts expect that Stryker will post $4.80 EPS for the current fiscal year.
In other Stryker news, Director Ronda E. Stryker unloaded 14,000 shares of the stock on the open market in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $82.53, for a total transaction of $1,155,420.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of other firms have also recently commented on SYK. Analysts at Canaccord Genuity raised their price target on shares of Stryker to $88.00 in a research note on Friday. Separately, analysts at Barclays raised their price target on shares of Stryker from $79.00 to $85.00 in a research note on Friday. Finally, 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. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $84.53.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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