Stryker Given Consensus Rating of “Buy” by Analysts (NYSE:SYK)
Shares of Stryker (NYSE:SYK) have earned an average rating of “Buy” from the twenty-one analysts that are presently covering the stock, American Banking News reports. Eight analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $86.18.
In other Stryker news, Director Ronda E. Stryker sold 14,000 shares of Stryker stock on the open market in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $82.80, for a total transaction of $1,159,200.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on SYK shares. 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.
Shares of Stryker (NYSE:SYK) opened at 82.67 on Monday. Stryker has a one year low of $66.44 and a one year high of $86.93. The stock has a 50-day moving average of $81.42 and a 200-day moving average of $81.6. The company has a market cap of $31.297 billion and a price-to-earnings ratio of 45.99.
Stryker (NYSE:SYK) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.08 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts predict that Stryker will post $4.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Friday, September 26th.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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