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NYSE:SYK

Stryker (SYK) Stock Price, News & Analysis

$371.50
+1.25 (+0.34%)
(As of 03:22 PM ET)
Today's Range
$370.01
$374.63
50-Day Range
$315.94
$370.17
52-Week Range
$249.98
$374.63
Volume
442,361 shs
Average Volume
1.29 million shs
Market Capitalization
$141.57 billion
P/E Ratio
42.41
Dividend Yield
0.86%
Price Target
$378.58

Stryker MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.79 Rating Score
Upside/​Downside
1.9% Upside
$378.58 Price Target
Short Interest
Healthy
1.24% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.95
Upright™ Environmental Score
News Sentiment
0.63mentions of Stryker in the last 14 days
Based on 24 Articles This Week
Insider Trading
Selling Shares
$68.33 M Sold Last Quarter
Proj. Earnings Growth
12.08%
From $12.00 to $13.45 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.74 out of 5 stars

Medical Sector

50th out of 927 stocks

Surgical & Medical Instruments Industry

9th out of 101 stocks

SYK stock logo

About Stryker Stock (NYSE:SYK)

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 total joint replacements, such as hip, knee and shoulder, and trauma and extremities surgeries. This segment also offers spinal implant products comprising cervical and thoracolumbar systems that include fixation, minimally invasive and interbody systems used in spinal injury, complex spine and degenerative therapies. The MedSurg and Neurotechnology segment offers surgical equipment, and surgical navigation systems, endoscopic and communications systems, patient handling, emergency medical equipment and intensive care disposable products, reprocessed and remanufactured medical devices, clinical communication and workflow solutions, and other medical device products that are used in various medical specialties, as well as patient and caregiver safety technologies. This segment also provides neurosurgical, neurovascular and craniomaxillofacial implant products, which include products used for minimally invasive endovascular procedures; products for brain and open skull based surgical procedures; orthobiologic and biosurgery products, such as synthetic bone grafts and vertebral augmentation products; minimally invasive products for the treatment of acute ischemic and hemorrhagic stroke; and craniomaxillofacial implant products, including cranial, maxillofacial, and chest wall devices, as well as dural substitutes and sealants. The company sells its products to doctors, hospitals, and other healthcare facilities through company-owned subsidiaries and branches, as well as third-party dealers and distributors in approximately 75 countries. Stryker Corporation was founded in 1941 and is headquartered in Portage, Michigan.

SYK Stock Price History

SYK Stock News Headlines

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Stryker - Growth Through Aggressive M&A
Stryker (NYSE:SYK) Coverage Initiated at Wolfe Research
Massive shakeup in defense contracting
There is a little-known energy technology stock that has made an incredible breakthrough… Which could become crucial to the operations of the US Military. And right now there are plans for this stock to undertake a major test project at a US Air Force based in Alaska. Now, this incredible breakthrough is still in its earliest stages… Which means you still have a chance to get in while its trading for under $10.
Stryker (NYSE:SYK) Given "Overweight" Rating at Piper Sandler
Stryker (SYK) Receives a Buy from Piper Sandler
Wells Fargo Sticks to Their Buy Rating for Stryker (SYK)
See More Headlines
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Company Calendar

Ex-Dividend for 7/31 Dividend
6/28/2024
Last Earnings
7/30/2024
Dividend Payable
7/31/2024
Today
9/16/2024
Ex-Dividend for 10/31 Dividend
9/30/2024
Dividend Payable
10/31/2024
Next Earnings (Estimated)
11/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Surgical & medical instruments
Sub-Industry
Health Care Equipment
CUSIP
86366710
Employees
52,000
Year Founded
1941

Price Target and Rating

Average Stock Price Target
$378.58
High Stock Price Target
$406.00
Low Stock Price Target
$345.00
Potential Upside/Downside
+2.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.79
Research Coverage
19 Analysts

Profitability

Net Income
$3.17 billion
Pretax Margin
18.78%

Debt

Sales & Book Value

Annual Sales
$20.50 billion
Cash Flow
$13.54 per share
Book Value
$48.94 per share

Miscellaneous

Free Float
358,474,000
Market Cap
$141.49 billion
Optionable
Optionable
Beta
0.91

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Should I Buy Stryker Stock? SYK Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Stryker Co.:

  • Stryker Co. has consistently shown strong financial performance with a solid return on equity of 22.89%, indicating efficient use of shareholder funds.
  • The company has a diverse product portfolio across its MedSurg, Neurotechnology, and Orthopaedics and Spine segments, reducing dependency on any single market.
  • Recent insider selling activities, including the CFO selling shares at $333.00, could indicate confidence in the company's future performance.
  • Stryker Co. announced a quarterly dividend of $0.80 per share, reflecting a stable dividend payout ratio of 36.53% and a yield of 0.89% for investors seeking income.
  • Analysts have given Stryker Co. an average rating of "Moderate Buy" with a target price of $373.84, suggesting potential upside for investors based on market expectations.

Cons

Investors should be bearish about investing in Stryker Co. for these reasons:

  • The recent insider selling activities, with insiders selling a significant number of shares, may raise concerns about the company's future growth prospects.
  • Stryker Co.'s stock price has been relatively stagnant, trading down 0.2% recently, which could indicate limited short-term price appreciation potential.
  • The company's P/E ratio of 41.14 and price-to-earnings-growth ratio of 2.78 suggest that the stock may be currently overvalued compared to its growth prospects.
  • While the company has a strong market capitalization of $137.35 billion, the beta of 0.89 indicates that the stock may be less volatile than the market average, potentially limiting potential returns for risk-seeking investors.
  • Despite positive earnings results, Stryker Co. faces competition in the medical technology sector, which could impact its market share and profitability in the long term.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, September 4, 2024. Please send any questions or comments about these Stryker pros and cons to contact@marketbeat.com.

SYK Stock Analysis - Frequently Asked Questions

How have SYK shares performed this year?

Stryker's stock was trading at $299.46 on January 1st, 2024. Since then, SYK stock has increased by 24.1% and is now trading at $371.52.
View the best growth stocks for 2024 here
.

How were Stryker's earnings last quarter?

Stryker Co. (NYSE:SYK) announced its earnings results on Tuesday, July, 30th. The medical technology company reported $2.81 earnings per share for the quarter, beating analysts' consensus estimates of $2.79 by $0.02. The company's revenue was up 8.5% compared to the same quarter last year.
Read the conference call transcript
.

Does Stryker have any subsidiaries?

Stryker subsidiaries include these companies: Vocera Communications, Vocera, Gauss Surgical, OrthoSensor, Wright Medical Group, Cardan Robotics, Mobius Imaging, and others.

Who are Stryker's major shareholders?

Top institutional investors of Stryker include Bank of New York Mellon Corp (1.49%), First Western Trust Bank (0.92%), Legal & General Group Plc (0.75%) and Clearbridge Investments LLC (0.61%). Insiders that own company stock include Ronda E Stryker, Kevin Lobo, James Andrew Pierce, Allan C Golston, M Kathryn Fink, Viju Menon, Robert S Fletcher, Srikant M Datar, William E Berry Jr and Glenn S Boehnlein.
View institutional ownership trends
.

How do I buy shares of Stryker?

Shares of SYK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Stryker own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Stryker investors own include Johnson & Johnson (JNJ), Walt Disney (DIS), Home Depot (HD), Medtronic (MDT), Visa (V), AbbVie (ABBV) and Cisco Systems (CSCO).

This page (NYSE:SYK) was last updated on 9/16/2024 by MarketBeat.com Staff

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