Stryker Given Consensus Recommendation of “Buy” by Brokerages (NYSE:SYK)
Stryker (NYSE:SYK) has been given a consensus rating of “Buy” by the twenty-one ratings firms that are covering the company, AnalystRatingsNetwork reports. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $86.18.
A number of research firms have recently commented on SYK. Analysts at Needham & Company LLC upgraded shares of Stryker from a “hold” rating to a “buy” rating in a research note on Tuesday, August 12th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Stryker in a research note on Monday, July 21st. They now have a $86.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Stryker in a research note on Monday, July 21st. They now have a $90.00 price target on the stock, up previously from $85.00.
In other Stryker news, Director Ronda E. Stryker sold 7,000 shares of Stryker stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $81.01, for a total transaction of $567,070.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Stryker (NYSE:SYK) opened at 82.3325 on Monday. 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 $81.47 and a 200-day moving average of $81.47. The company has a market cap of $31.170 billion and a price-to-earnings ratio of 45.89.
Stryker (NYSE:SYK) last issued its quarterly earnings data 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 last year, the company posted $1.00 earnings per share. Stryker’s revenue was up 6.8% compared to the same quarter last year. On average, analysts predict that Stryker will post $4.77 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 31st. Investors of record on Tuesday, September 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 1.49%. The ex-dividend date of this dividend is Friday, September 26th.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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