Stryker Corporation (SYK) Rating Reiterated by Piper Jaffray Companies

Piper Jaffray Companies reiterated their buy rating on shares of Stryker Corporation (NYSE:SYK) in a report released on Friday, October 27th. They currently have a $156.00 price objective on the medical technology company’s stock.

Other analysts have also recently issued reports about the company. SunTrust Banks, Inc. reiterated a buy rating and issued a $161.00 price objective on shares of Stryker Corporation in a research note on Monday, October 2nd. Stifel Nicolaus increased their price objective on Stryker Corporation from $151.00 to $158.00 and gave the company a buy rating in a research note on Friday, July 28th. BidaskClub lowered Stryker Corporation from a buy rating to a hold rating in a report on Monday, July 31st. Zacks Investment Research lowered Stryker Corporation from a hold rating to a sell rating in a report on Monday, October 16th. Finally, Canaccord Genuity reissued a buy rating and issued a $155.00 target price (down previously from $158.00) on shares of Stryker Corporation in a report on Thursday, August 24th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $151.52.

Stryker Corporation (NYSE SYK) traded down $2.14 during trading hours on Friday, reaching $154.48. The company’s stock had a trading volume of 1,267,200 shares, compared to its average volume of 1,183,556. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.63. The stock has a market cap of $58,613.09, a price-to-earnings ratio of 24.82, a P/E/G ratio of 2.47 and a beta of 0.79. Stryker Corporation has a 52 week low of $106.48 and a 52 week high of $160.62.

Stryker Corporation (NYSE:SYK) last released its quarterly earnings data on Thursday, October 26th. The medical technology company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.02. Stryker Corporation had a return on equity of 24.11% and a net margin of 14.67%. The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same period in the prior year, the firm posted $1.39 earnings per share. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. analysts anticipate that Stryker Corporation will post 6.47 earnings per share for the current year.

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In related news, insider Lonny J. Carpenter sold 5,000 shares of Stryker Corporation stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $155.34, for a total transaction of $776,700.00. Following the transaction, the insider now owns 83,207 shares in the company, valued at approximately $12,925,375.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.40% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Acrospire Investment Management LLC acquired a new stake in shares of Stryker Corporation in the 2nd quarter valued at about $111,000. Bollard Group LLC grew its position in shares of Stryker Corporation by 0.4% during the 2nd quarter. Bollard Group LLC now owns 832 shares of the medical technology company’s stock valued at $115,000 after buying an additional 3 shares during the last quarter. Motco grew its position in shares of Stryker Corporation by 50.7% during the 2nd quarter. Motco now owns 826 shares of the medical technology company’s stock valued at $115,000 after buying an additional 278 shares during the last quarter. Bruderman Asset Management LLC bought a new stake in shares of Stryker Corporation during the 2nd quarter valued at about $150,000. Finally, James Investment Research Inc. bought a new stake in shares of Stryker Corporation during the 2nd quarter valued at about $155,000. Hedge funds and other institutional investors own 74.13% of the company’s stock.

About Stryker Corporation

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 Corporation (NYSE:SYK)

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