Stryker Corp. [SYK] stock is trading at $366.02, down -0.33%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SYK shares have gain 1.96% over the last week, with a monthly amount drifted -0.14%, and not 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 September 10, 2024, when Wolfe Research initiated its Outperform rating and assigned the stock a price target of $405. Previously, Goldman started tracking the stock with Neutral rating on May 30, 2024, and set its price target to $372. On May 22, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $392 on the stock. Canaccord Genuity upgraded its rating to a Buy and increased its price target to $360 on January 31, 2024. ROTH MKM initiated its recommendation with a Buy and recommended $345 as its price target on October 20, 2023. BofA Securities upgraded its rating to Buy for this stock on September 05, 2023, and upped its price target to $315. In a note dated March 29, 2023, UBS initiated an Neutral rating and provided a target price of $287 on this stock.
Stryker Corp. [SYK] stock has fluctuated between $255.22 and $374.63 over the past year. Currently, Wall Street analysts expect the stock to reach $306.09 within the next 12 months. Stryker Corp. [NYSE: SYK] shares were valued at $366.02 at the most recent close of the market. An investor can expect a potential drop of -16.37% based on the average SYK price forecast.
Analyzing the SYK fundamentals
Stryker Corp. [NYSE:SYK] reported sales of 21.39B for the trailing twelve months, which represents a growth of 8.53%. 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 of0.63.
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 363.63 points at the first support level, and at 361.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 367.86, and for the 2nd resistance point, it is at 369.71.
Ratios To Look Out For
For context, Stryker Corp.’s Current Ratio is 1.68. Also, the Quick Ratio is 0.95, while the Cash Ratio stands at 0.27. Considering the valuation of this stock, the price to sales ratio is 6.52, the price to book ratio is 7.06 and price to earnings (TTM) ratio is 40.82.
Transactions by insiders
Recent insider trading involved Fink M Kathryn, VP, Chief HR Officer, that happened on Sep 17 ’24 when 7347.0 shares were sold. VP, Chief HR Officer, Fink M Kathryn completed a deal on Sep 13 ’24 to sell 2121.0 shares. Meanwhile, Officer Fink M Kathryn bought 7347.0 shares on Sep 17 ’24.
