At the time of writing, Stryker Corp [SYK] stock is trading at $390.08, up 1.77%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SYK shares have gain 3.76% over the last week, with a monthly amount glided 8.44%, 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 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.
For the past year, the stock price of Stryker Corp fluctuated between $282.35 and $392.70. Currently, Wall Street analysts expect the stock to reach $317.96 within the next 12 months. Stryker Corp [NYSE: SYK] shares were valued at $390.08 at the most recent close of the market. An investor can expect a potential drop of -18.49% based on the average SYK price forecast.
Analyzing the SYK fundamentals
According to Stryker Corp [NYSE:SYK], the company’s sales were 21.97B for trailing twelve months, which represents an 11.92% jump. Gross Profit Margin for this corporation currently stands at 0.62% 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 0.08, Equity is 0.18 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.77.
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 382.86 points at the first support level, and at 375.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 394.66, and for the 2nd resistance point, it is at 399.23.
Ratios To Look Out For
It is important to note that Stryker Corp [NYSE:SYK] has a current ratio of 1.91. As well, the Quick Ratio is 1.22, while the Cash Ratio is 0.5. Considering the valuation of this stock, the price to sales ratio is 6.89, the price to book ratio is 7.38 and price to earnings (TTM) ratio is 41.82.
Transactions by insiders
Recent insider trading involved Stiles Spencer S, Officer, that happened on Nov 15 ’24 when 514.0 shares were purchased. Chair and CEO, Lobo Kevin completed a deal on Nov 07 ’24 to sell 57313.0 shares. Meanwhile, Officer Kevin Lobo bought 57313.0 shares on Nov 07 ’24.
