Stryker is a medical device company located in Michigan, United States, which is part of the Healthcare sector, and is traded under the ticker SYK on the NYSE exchange.
Stryker stock last closed at $334.68, up 0.21% from the previous day, and has increased 17.85% in one year. It has overperformed other stocks in the Medical Devices industry by 0.31 percentage points. Stryker stock is currently +33.88% from its 52-week low of $249.98, and -7.4% from its 52-week high of $361.41.
As of May 17, 2024, there are 380.95M SYK shares outstanding. The market value of SYK is $127.50B. In the past 24 hours, 937,468 SYK shares were traded.
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Once you have chosen the best place to buy Stryker stock, it's important to evaluate their stock prior to buying, so you can comprehend the risk as well as the opportunity.
WallStreetZen was created to help part-time investors perform more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on SYK's stock page.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge SYK's true value.
Using relative valuations ratios:
You can do additional valuation analysis on SYK's stock here.
Out of 15 sell side analysts who track SYK, the consensus analyst rating on Stryker is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Rick Wise, a top 8% analyst from Stifel Nicolaus maintains SYK with a strong buy rating and raises their SYK price target from $350.00 to $375.00, on May 1, 2024.
Ryan Zimmerman, a top 6% analyst from BTIG maintains SYK with a strong buy rating and raises their SYK price target from $366.00 to $369.00, on May 1, 2024.
BTIG's Ryan Zimmerman raised their price target on Stryker (NYSE: SYK) by 0.8% from $366 to $369 on 2024/05/01. The analyst maintained their Strong Buy rating on the stock.
Summing up Stryker's 2024/04/30-dated Q1 2024 earnings, Zimmerman detailed: "The company delivered a strong and diversified print, with standout results from Mako, Instruments, Medical, Endoscopy, and Trauma offset by more modest Knee and Hip growth."
Compared to large-cap MedTech peers, Stryker stock's valuation remains high at 29x expected next-12-months' EPS, the analyst noted, "but these results underscore the strength and diversity of the company's business."
Jeff Johnson, a top 12% analyst from Baird maintains SYK with a buy rating and raises their SYK price target from $367.00 to $378.00, on May 1, 2024.
Shagun Singh, a bottom 25% analyst from RBC Capital maintains SYK with a buy rating and raises their SYK price target from $360.00 to $386.00, on Apr 15, 2024.
Joshua Jennings, a top 17% analyst from TD Cowen maintains SYK with a strong buy rating and raises their SYK price target from $365.00 to $400.00, on Apr 11, 2024.
You can dig deeper into what analysts are forecasting on the Stryker stock forecast page.
Last year, SYK earnings were $3.36B. During the past 5 year, SYK's earnings have gone up by -1.24% per year. This was slower than the Medical Devices industry average of 10.23%.
Last year, SYK revenue was $20.96B. In the past five year, SYK's revenue has increased by 8.6% per year. This was slower than the Medical Devices industry average of 13.01%.
Find out more about SYK's earnings and revenue performance here.
In the last year, insiders at SYK have sold more shares than they have bought.
Glenn S. Boehnlein, VP Chief Financial Officer of SYK, was the latest SYK insider to sell. They sold $3,276,520.00 worth of SYK shares on May 15, 2024.
Research more about who owns SYK shares here.
Stryker pays a dividend of 0.93%, compared to the Medical Devices industry's average dividend yield of 1.55%. If you owned $1,000 worth of SYK stock, you would have been paid $9.26 last year.
Stryker dividend payments have consistently grown over the past decade and have remained stable.
Dig into more info about Stryker dividend yield and history here.
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