A share price of Stryker Corp [SYK] is currently trading at $368.61, up 1.60%. An important factor to consider is whether the stock is rising or falling in short-term value. The SYK shares have gain 3.78% over the last week, with a monthly amount drifted -1.72%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Stryker Corp [NYSE: SYK] stock has seen the most recent analyst activity on December 02, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $445 from $370. Previously, Wolfe Research started tracking the stock with Outperform rating on September 10, 2024, and set its price target to $405. On May 30, 2024, Goldman initiated with a Neutral rating and assigned a price target of $372 on the stock. Needham upgraded its rating to a Buy but stick to its price target of $392 on May 22, 2024. Canaccord Genuity upgraded its rating to a Buy and raised its price target to $360 on January 31, 2024. ROTH MKM started tracking with a Buy rating for this stock on October 20, 2023, and assigned it a price target of $345. In a note dated September 05, 2023, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $310 to $315.
Stryker Corp experienced fluctuations in its stock price throughout the past year between $307.23 and $398.20. Currently, Wall Street analysts expect the stock to reach $413.17 within the next 12 months. Stryker Corp [NYSE: SYK] shares were valued at $368.61 at the most recent close of the market. An investor can expect a potential return of 12.09% based on the average SYK price forecast.
Analyzing the SYK fundamentals
Trailing Twelve Months sales for Stryker Corp [NYSE:SYK] were 21.97B which represents 11.92% growth. 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 364.83 points at the first support level, and at 361.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 371.22, and for the 2nd resistance point, it is at 373.83.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Stryker Corp [NYSE:SYK] is 1.91. On the other hand, the Quick Ratio is 1.22, and the Cash Ratio is 0.5. Considering the valuation of this stock, the price to sales ratio is 6.39, the price to book ratio is 6.97 and price to earnings (TTM) ratio is 39.52.
Transactions by insiders
Recent insider trading involved Stiles Spencer S, Group President, that happened on Nov 15 ’24 when 514.0 shares were sold. Officer, Stiles Spencer S completed a deal on Nov 15 ’24 to buy 514.0 shares. Meanwhile, Chair and CEO Lobo Kevin sold 57313.0 shares on Nov 07 ’24.
