Hot Stock Update: Stryker Corporation (NYSE:SYK)

Stryker Corporation (NYSE:SYK)

BTIG Research Initiates Coverage On Stryker Corporation (NYSE:SYK)’s stock to Buy with the price target of $187. This rating was issued on 8/16/18. The stock recently closed its previous session at $168.72 by showing a percentage change of -1.42% from its previous day closing price of $171.15.

Price Target is basically a projection of future price of a company’s stock by the expert analysis of investment analysts or investment firms. There may be various price targets for a stock. These analysts and investment firms use various valuation methods to decide a price target for a stock.

Several investment firms issued their expert ratings on Stryker Corporation (NYSE:SYK) in which Baird Maintains Stryker Corporation (NYSE:SYK) to Outperform by settling a price target of $192 on 7/25/18. Citigroup Maintains the stock to Neutral on 7/25/18 by stationing a price target of $173. Cantor Fitzgerald Maintains the company’s stock to Neutral on 7/25/18 by setting a price target of $175. Bernstein Initiates Coverage On Stryker Corporation (NYSE:SYK) to Market Perform with a price target of $177.

Stryker Corporation (NYSE:SYK) currently has a consensus Price Target of $184.4. While some analysts have a High Price target for the stock of $212 and a Low Price Target of $142.

Several sell side analysts reviewed their recommendations on Stryker Corporation (NYSE:SYK) where 11 analyst have rated the stock as Strong Buy, 7 analysts said it’s a Buy, 9 rated the stock as Hold, 0 analysts reported Underperform and 0 analysts gave their recommendations as Sell. (Current Month Yahoo Finance Ratings)

Zacks Investment Research also rated the stock with a value of 1.86. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.

In the last Quarter, Stryker Corporation (NYSE:SYK) reported its Actual EPS of $1.76/share. The analysts offering Earnings Estimates for the company were believing that Stryker Corporation (NYSE:SYK) could bring EPS of $1.73/share. The difference between Actual EPS and Estimated EPS was 0.03 Percent. Thus the company showed an Earnings Surprise of 1.7 Percent.

Stryker Corporation (NYSE:SYK) has a market capitalization of 63.1 Billion. The stock traded with the volume of 1.32 Million shares in the last trading session. The stock touched its high share price of $179.84 on 06/07/18 and the stock also touched its Lowest price in the last 52-weeks of trading on 10/13/17 as $144.91. The company has a 1 Year high price target of $186.24. The stock is currently trading with a distance of 20-Day Simple Moving Average (SMA20) of -3.33%. The Moving Average SMA50 is -1.27% while SMA200 is 1.12%.

Stryker Corporation (NYSE:SYK) is currently showing its ROA (Return on Assets) of 4.9%. The Return on Investment (ROI) is at 12.1% while it’s Return on Equity (ROE) value stands at 11.1%. The stock currently shows its YTD (Year to Date) performance of 8.96 percent while its Weekly performance value is -2.79%. The Monthly and Yearly performances are -2.64 percent and 15.24 percent respectively. The Relative Volume value measured for Stryker Corporation (NYSE:SYK) is 1.11. The Average Volume (3 months) is 1.19 Million.

The stock currently has its Annual Dividend of $1.88 and an annual Dividend Yield of 1.11 Percent. SYK has P/E (Price to Earnings ttm) value of 33.39, Forward P/E of 21.21, P/C (Price to cash per share) of 32.77 and Price to Free Cash Flow (P/FCF) value of 146.99. The stock is showing its Operating Margin of 19.2 percent.

Company Profile:

Stryker Corporation is one of the world’s leading medical technology companies and together with its customers, is driven to make healthcare better. The company offers innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes.