Stryker Corporation (SYK) PT Raised to $168.00 at Stifel Nicolaus

Stryker Corporation (NYSE:SYK) had its price objective hoisted by Stifel Nicolaus from $158.00 to $168.00 in a research report sent to investors on Friday, October 27th. The firm currently has a buy rating on the medical technology company’s stock.

SYK has been the topic of a number of other research reports. Piper Jaffray Companies reissued an overweight rating and set a $148.00 price target on shares of Stryker Corporation in a research report on Thursday, August 24th. Needham & Company LLC raised Stryker Corporation from an underperform rating to a hold rating in a research report on Friday, August 25th. Cantor Fitzgerald began coverage on Stryker Corporation in a research report on Thursday, June 29th. They issued a neutral rating and a $153.00 target price on the stock. Morgan Stanley reaffirmed an overweight rating and issued a $160.00 target price (up previously from $155.00) on shares of Stryker Corporation in a research report on Monday, July 10th. Finally, Zacks Investment Research raised Stryker Corporation from a hold rating to a buy rating and set a $163.00 target price on the stock in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $151.52.

Shares of Stryker Corporation (SYK) opened at $154.48 on Friday. Stryker Corporation has a twelve month low of $106.48 and a twelve month high of $160.62. The stock has a market capitalization of $57,812.22, a PE ratio of 24.48, a P/E/G ratio of 2.43 and a beta of 0.79. 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 Corporation (NYSE:SYK) last released its earnings results on Thursday, October 26th. The medical technology company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.02. The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.97 billion. Stryker Corporation had a return on equity of 24.11% and a net margin of 14.67%. Stryker Corporation’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.39 earnings per share. analysts expect that Stryker Corporation will post 6.47 EPS for the current fiscal year.

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In other news, insider Lonny J. Carpenter sold 5,000 shares of the firm’s 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 completion of the sale, the insider now directly owns 83,207 shares in the company, valued at approximately $12,925,375.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 7.40% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC bought a new position in shares of Stryker Corporation during the 2nd quarter worth approximately $111,000. Motco lifted 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 worth $115,000 after buying an additional 278 shares in the last quarter. Bollard Group LLC lifted 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 worth $115,000 after buying an additional 3 shares in the last quarter. Bruderman Asset Management LLC bought a new position in shares of Stryker Corporation during the 2nd quarter worth approximately $150,000. Finally, James Investment Research Inc. bought a new position in shares of Stryker Corporation during the 2nd quarter worth approximately $155,000. 74.15% of the stock is currently owned by institutional investors and hedge funds.

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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