Stryker (SYK) Stock Rating Upgraded by Robert W. Baird

Stryker (NYSE:SYK) was upgraded by equities researchers at Robert W. Baird from a “neutral” rating to an “outperform” rating in a report released on Thursday, November 16th, Marketbeat Ratings reports. The brokerage presently has a $173.00 target price on the medical technology company’s stock, up from their previous target price of $161.00. Robert W. Baird’s price objective indicates a potential upside of 13.55% from the company’s previous close.

Several other research analysts have also commented on the company. ValuEngine raised Stryker from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Stryker in a research report on Friday, November 3rd. Oppenheimer set a $156.00 target price on Stryker and gave the company a “hold” rating in a research report on Monday, October 30th. Cowen set a $166.00 target price on Stryker and gave the company a “buy” rating in a research report on Sunday, October 29th. Finally, Barclays upped their target price on Stryker from $137.00 to $148.00 and gave the company an “underweight” rating in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. Stryker presently has a consensus rating of “Hold” and an average price target of $152.10.

Stryker (SYK) traded down $3.51 on Thursday, hitting $152.36. The stock had a trading volume of 1,351,039 shares, compared to its average volume of 1,182,374. The company has a market cap of $57,020.00, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 2.45 and a beta of 0.78. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.63. Stryker has a 52-week low of $111.22 and a 52-week high of $160.62.

Stryker (NYSE:SYK) last released its quarterly earnings results on Thursday, October 26th. The medical technology company reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.02. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.97 billion. Stryker had a return on equity of 24.11% and a net margin of 14.67%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 EPS. research analysts forecast that Stryker will post 6.47 earnings per share for the current fiscal year.

In other news, insider Lonny J. Carpenter sold 5,000 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $155.34, for a total value of $776,700.00. Following the transaction, the insider now directly owns 83,207 shares of the company’s stock, valued at $12,925,375.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.40% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of SYK. Acrospire Investment Management LLC purchased a new stake in shares of Stryker in the second quarter worth about $111,000. Bollard Group LLC boosted its stake in shares of Stryker by 0.4% in the second quarter. Bollard Group LLC now owns 832 shares of the medical technology company’s stock worth $115,000 after buying an additional 3 shares during the last quarter. Motco boosted its stake in shares of Stryker by 50.7% in the second quarter. Motco now owns 826 shares of the medical technology company’s stock worth $115,000 after buying an additional 278 shares during the last quarter. San Francisco Sentry Investment Group CA boosted its stake in shares of Stryker by 47.8% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,005 shares of the medical technology company’s stock worth $143,000 after buying an additional 325 shares during the last quarter. Finally, Bruderman Asset Management LLC purchased a new stake in shares of Stryker in the second quarter worth about $150,000. Hedge funds and other institutional investors own 74.97% of the company’s stock.

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About Stryker

Stryker Corporation is a medical technology company. The Company offers a range of medical technologies, including orthopedic, medical and surgical, and neurotechnology and spine products. The Company’s segments include Orthopaedics; MedSurg; Neurotechnology and Spine, and Corporate and Other. The Orthopaedics segment includes reconstructive (hip and knee) and trauma implant systems and other related products.

Analyst Recommendations for Stryker (NYSE:SYK)

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