Stryker Corporation’s (NYSE:SYK) Hold Rating Reiterated at Needham & Company LLC

Stryker Corporation (NYSE:SYK)‘s stock had its “hold” rating reiterated by stock analysts at Needham & Company LLC in a report released on Friday, November 3rd.

A number of other research firms have also recently weighed in on SYK. Royal Bank Of Canada reaffirmed a “buy” rating and set a $155.00 price target on shares of Stryker Corporation in a report on Monday, October 2nd. BidaskClub upgraded Stryker Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $161.00 target price on shares of Stryker Corporation in a report on Monday, October 2nd. Cowen and Company reissued a “buy” rating and issued a $160.00 price target (up previously from $150.00) on shares of Stryker Corporation in a research note on Sunday, July 30th. Finally, Oppenheimer Holdings, Inc. set a $156.00 target price on Stryker Corporation and gave the company a “hold” rating in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $152.10.

Shares of Stryker Corporation (NYSE:SYK) traded down $0.94 during mid-day trading on Friday, reaching $154.79. The company’s stock had a trading volume of 874,393 shares, compared to its average volume of 1,175,304. The firm has a market cap of $57,930.00, a price-to-earnings ratio of 24.52, a PEG ratio of 2.44 and a beta of 0.79. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.63. Stryker Corporation has a one year low of $110.00 and a one year high of $160.62.

Stryker Corporation (NYSE:SYK) last posted its quarterly earnings results on Thursday, October 26th. The medical technology company reported $1.52 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $2.97 billion. During the same period in the previous year, the firm earned $1.39 earnings per share. Stryker Corporation’s quarterly revenue was up 6.1% on a year-over-year basis. analysts predict that Stryker Corporation will post 6.47 EPS for the current year.

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In related news, insider Lonny J. Carpenter sold 5,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $155.34, for a total transaction of $776,700.00. Following the sale, the insider now owns 83,207 shares of the company’s stock, valued at $12,925,375.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.40% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Stryker Corporation by 2.8% during the second quarter. Vanguard Group Inc. now owns 24,078,709 shares of the medical technology company’s stock valued at $3,341,643,000 after buying an additional 657,656 shares during the last quarter. BlackRock Inc. increased its stake in shares of Stryker Corporation by 5.2% in the second quarter. BlackRock Inc. now owns 23,115,853 shares of the medical technology company’s stock worth $3,208,017,000 after purchasing an additional 1,139,082 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Stryker Corporation by 0.5% in the first quarter. Wellington Management Group LLP now owns 4,569,118 shares of the medical technology company’s stock worth $601,525,000 after purchasing an additional 24,139 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Stryker Corporation by 6.3% in the first quarter. Geode Capital Management LLC now owns 2,786,406 shares of the medical technology company’s stock worth $366,255,000 after purchasing an additional 166,133 shares in the last quarter. Finally, Jensen Investment Management Inc. increased its stake in shares of Stryker Corporation by 11.3% in the third quarter. Jensen Investment Management Inc. now owns 2,472,476 shares of the medical technology company’s stock worth $351,141,000 after purchasing an additional 251,685 shares in the last quarter. 74.20% of the stock is 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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