Stryker Corp. [SYK] stock is trading at $342.39, up 0.42%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SYK shares have gain 4.21% over the last week, with a monthly amount glided 0.30%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Stryker Corp. [NYSE: SYK] stock has seen the most recent analyst activity on May 30, 2024, when Goldman initiated its Neutral rating and assigned the stock a price target of $372. Previously, Needham upgraded its rating to Buy on May 22, 2024, and kept the price target unchanged to $392. On January 31, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $360 on the stock. ROTH MKM started tracking the stock assigning a Buy rating and suggested a price target of $345 on October 20, 2023. BofA Securities upgraded its rating to a Buy and raised its price target to $315 on September 05, 2023. UBS started tracking with a Neutral rating for this stock on March 29, 2023, and assigned it a price target of $287. In a note dated January 25, 2023, KeyBanc Capital Markets initiated an Sector Weight rating.
Stryker Corp. [SYK] stock has fluctuated between $249.98 and $361.41 over the past year. Currently, Wall Street analysts expect the stock to reach $297.48 within the next 12 months. Stryker Corp. [NYSE: SYK] shares were valued at $342.39 at the most recent close of the market. An investor can expect a potential drop of -13.12% based on the average SYK price forecast.
Analyzing the SYK fundamentals
Stryker Corp. [NYSE:SYK] reported sales of 20.96B for the trailing twelve months, which represents a growth of 9.73%. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.18 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.67.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 339.78 points at the first support level, and at 337.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 344.59, and for the 2nd resistance point, it is at 346.80.
Ratios To Look Out For
For context, Stryker Corp.’s Current Ratio is 1.71. In addition, the Quick Ratio stands at 0.99 and the Cash Ratio stands at 0.34. Considering the valuation of this stock, the price to sales ratio is 6.22, the price to book ratio is 6.80 and price to earnings (TTM) ratio is 39.14.
Transactions by insiders
Recent insider trading involved Fletcher Robert S, VP, Chief Legal Officer, that happened on May 22 ’24 when 2007.0 shares were sold. VP, Chief Financial Officer, Boehnlein Glenn S completed a deal on May 15 ’24 to sell 10000.0 shares. Meanwhile, VP, Chief Accounting Officer Berry William E Jr sold 7690.0 shares on Mar 07 ’24.
