Stryker Co. (NYSE:SYK) Receives Consensus Rating of Buy from Brokerages – Defense World

Shares of Stryker Co. (NYSE:SYK Get Rating) have earned a consensus rating of Hold from the twenty-three analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $290.89.

A number of equities analysts have recently issued reports on SYK shares. SVB Leerink reduced their target price on shares of Stryker from $300.00 to $285.00 and set an outperform rating on the stock in a research report on Friday, January 28th. Truist Financial reduced their target price on shares of Stryker from $296.00 to $280.00 in a research report on Monday, May 2nd. StockNews.com lowered shares of Stryker from a buy rating to a hold rating in a research report on Monday, May 2nd. Evercore ISI reiterated an outperform rating and set a $284.00 target price on shares of Stryker in a research report on Tuesday, March 15th. Finally, TheStreet lowered shares of Stryker from a b rating to a c+ rating in a research report on Monday, May 2nd.

Shares of Stryker stock opened at $233.05 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.18 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $88.13 billion, a price-to-earnings ratio of 44.31, a P/E/G ratio of 2.61 and a beta of 0.99. Stryker has a 1-year low of $224.02 and a 1-year high of $281.16. The firms 50-day moving average price is $253.99 and its two-hundred day moving average price is $256.56.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Thursday, June 30th will be given a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Wednesday, June 29th. Strykers dividend payout ratio is 52.85%.

Several hedge funds have recently modified their holdings of SYK. First Western Trust Bank bought a new stake in shares of Stryker during the first quarter worth $1,090,886,000. Wellington Management Group LLP grew its position in Stryker by 43.8% in the third quarter. Wellington Management Group LLP now owns 12,408,440 shares of the medical technology companys stock valued at $3,272,353,000 after purchasing an additional 3,780,982 shares in the last quarter. Norges Bank bought a new position in Stryker in the fourth quarter valued at $816,519,000. Ontario Teachers Pension Plan Board grew its position in Stryker by 87,902.2% in the first quarter. Ontario Teachers Pension Plan Board now owns 2,077,732 shares of the medical technology companys stock valued at $555,482,000 after purchasing an additional 2,075,371 shares in the last quarter. Finally, AustralianSuper Pty Ltd bought a new position in Stryker in the first quarter valued at $295,397,000. 74.52% of the stock is owned by institutional investors.

About Stryker (Get Rating)

Stryker Corporation operates as a medical technology company. The company operates through two segments, MedSurg and Neurotechnology, and Orthopaedics and Spine. The Orthopaedics and Spine segment provides implants for use in hip and knee joint replacements, and trauma and extremities surgeries. This segment also offers spinal implant products comprising cervical, thoracolumbar, and interbody systems that are used in spinal injury, deformity, and degenerative therapies.

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Stryker Co. (NYSE:SYK) Receives Consensus Rating of Buy from Brokerages - Defense World