Stryker Co. (SYK) Rating Reiterated by Deutsche Bank AG

Deutsche Bank AG restated their buy rating on shares of Stryker Co. (NYSE:SYK) in a research report released on Saturday, April 29th. They currently have a $148.00 price target on the medical technology company’s stock, up from their previous price target of $135.00.

Other research analysts also recently issued reports about the stock. Oppenheimer Holdings Inc. set a $135.00 price objective on shares of Stryker and gave the company a hold rating in a research note on Saturday, April 8th. BMO Capital Markets reiterated a hold rating and set a $125.00 price objective on shares of Stryker in a research note on Tuesday, April 11th. Jefferies Group LLC reiterated a hold rating and set a $132.00 price objective on shares of Stryker in a research note on Thursday, April 13th. Piper Jaffray Companies reiterated an overweight rating and set a $148.00 price objective on shares of Stryker in a research note on Monday, April 17th. Finally, Barclays PLC reiterated a sell rating and set a $133.00 price objective on shares of Stryker in a research note on Thursday, April 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $134.81.

Shares of Stryker (NYSE:SYK) traded up 0.96% during trading on Friday, reaching $136.13. 599,257 shares of the company were exchanged. The stock has a market capitalization of $50.88 billion, a P/E ratio of 30.59 and a beta of 0.80. Stryker has a 1-year low of $106.48 and a 1-year high of $136.79. The firm has a 50-day moving average price of $133.43 and a 200-day moving average price of $124.63.

Stryker (NYSE:SYK) last announced its earnings results on Tuesday, April 25th. The medical technology company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.05. The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.90 billion. Stryker had a net margin of 14.54% and a return on equity of 23.86%. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 earnings per share. Equities research analysts predict that Stryker will post $6.43 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, June 30th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Wednesday, June 28th. Stryker’s payout ratio is 39.08%.

In related news, insider Timothy J. Scannell sold 13,322 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $135.89, for a total transaction of $1,810,326.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 7.80% of the company’s stock.

Several hedge funds have recently bought and sold shares of SYK. Whitnell & Co. boosted its stake in Stryker by 73.6% in the third quarter. Whitnell & Co. now owns 3,775 shares of the medical technology company’s stock valued at $439,000 after buying an additional 1,600 shares in the last quarter. Stack Financial Management Inc boosted its stake in Stryker by 0.8% in the third quarter. Stack Financial Management Inc now owns 229,427 shares of the medical technology company’s stock valued at $26,708,000 after buying an additional 1,869 shares in the last quarter. Nwam LLC bought a new stake in Stryker during the third quarter valued at approximately $223,000. Nelson Roberts Investment Advisors LLC boosted its stake in Stryker by 24,873.3% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 56,190 shares of the medical technology company’s stock valued at $6,541,000 after buying an additional 55,965 shares in the last quarter. Finally, GHP Investment Advisors Inc. boosted its stake in Stryker by 1.7% in the third quarter. GHP Investment Advisors Inc. now owns 25,120 shares of the medical technology company’s stock valued at $2,924,000 after buying an additional 424 shares in the last quarter. Institutional investors and hedge funds own 75.29% of the company’s stock.

About Stryker

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.

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