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Stryker Corporation (SYK)
NYSE:SYK
Stryker (SYK) Stock Price & Analysis
1,966 Followers
SYK Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$248.74 - $360.58
Previous Close$324.3
Volume1.99M
Average Volume (3M)1.25M
Market Cap
$123.54B
Enterprise Value$134.00B
Total Cash (Recent Filing)$2.41B
Total Debt (Recent Filing)$12.87B
Price to Earnings (P/E)37.1
Beta1.03
Next Earnings
Jul 23, 2024EPS Estimate
$2.79Next Dividend Ex-Date
Jun 28, 2024Dividend Yield0.95%
Share Statistics
EPS (TTM)8.75
Shares Outstanding380,949,778
10 Day Avg. Volume1,678,085
30 Day Avg. Volume1,248,055
Standard Deviation0.07
R-Squared0.47
Alpha0.00357
Financial Highlights & Ratios
Price to Book (P/B)-183.04
Price to Sales (P/S)23.58
Price to Cash Flow (P/CF)154.30
P/FCF Ratio850.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.39
Enterprise Value/Gross Profit10.26
Enterprise Value/Ebitda25.28
Forecast
1Y Price Target
$381.40Price Target Upside14.88% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering18
Stryker News
Bulls Say, Bears Say
Bulls Say
Earnings And GuidanceSYK delivered a strong performance with first quarter earnings per share growing 17% year over year and exceeded projected figures, showcasing the company's robust financial health.
Financial Health And PerformanceSYK's gross margin expansion reflects the company's effective cost management and pricing strategy, positioning it for sustained profitability amid positive market expectations.
Growth StrategyWith a market-leading position and a commitment to innovation, SYK's raised guidance indicates confidence in continued growth, supported by strong MAKO installations and a focus on key medical sectors.
Bears Say
Competitive ThreatsThe introduction of ISRG's dV5 could moderately slow down SYK's revenue growth, presenting a potential challenge to its market position.
Revenue RiskSYK could face significant revenue losses if ISRG's dV5 systems begin to replace SYK's operating rooms, with estimates of $50k in lost revenue per OR.
Valuation ConcernsSYK shares are trading at a higher valuation compared to other large-cap MedTech companies, which could lead to price adjustments if investors recalibrate their expectations.
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Ownership Overview
24.94% Insiders
23.14% Mutual Funds
38.56% Other Institutional Investors
13.35% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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SYK FAQ
What was Stryker Corporation’s price range in the past 12 months?
Stryker Corporation lowest stock price was $248.74 and its highest was $360.58 in the past 12 months.
What is Stryker Corporation’s market cap?
Currently, no data Available
When is Stryker Corporation’s upcoming earnings report date?
Stryker Corporation’s upcoming earnings report date is Jul 23, 2024 which is in 68 days.
How were Stryker Corporation’s earnings last quarter?
Stryker Corporation released its earnings results on Apr 30, 2024. The company reported $2.5 earnings per share for the quarter, beating the consensus estimate of $2.356 by $0.144.
Is Stryker Corporation overvalued?
According to Wall Street analysts Stryker Corporation’s price is currently Undervalued.
Does Stryker Corporation pay dividends?
Stryker Corporation pays a Quarterly dividend of $0.8 which represents an annual dividend yield of 0.95%. See more information on Stryker Corporation dividends here
What is Stryker Corporation’s EPS estimate?
Stryker Corporation’s EPS estimate is $2.79.
How many shares outstanding does Stryker Corporation have?
Stryker Corporation has 380,949,770 shares outstanding.
What happened to Stryker Corporation’s price movement after its last earnings report?
Stryker Corporation reported an EPS of $2.5 in its last earnings report, beating expectations of $2.356. Following the earnings report the stock price went down -2.49%.
Which hedge fund is a major shareholder of Stryker Corporation?
Among the largest hedge funds holding Stryker Corporation’s share is Fisher Asset Management LLC. It holds Stryker Corporation’s shares valued at 1B.
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Stryker Stock Smart Score
Outperform
1
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4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$381.40 (14.88% Upside)
$381.40 (14.88% Upside)
Blogger Sentiment
Bullish
SYK Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 207.5K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 1.0%
Last 30 Days ▲ 0.5%
Last 30 Days ▲ 0.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
14.77%
12-Months-Change
Fundamentals
Return on Equity
18.64%
Trailing 12-Months
Asset Growth
6.98%
Trailing 12-Months
Company Description
Stryker Corporation
Michigan-based Stryker Corp. was founded in 1941. The company provides medical technology products and services. It operates its business through the following segments: Orthopaedics, MedSurg and Neurotechnology and Spine.
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SYK Earnings Call
Q1 2024
0:00 / 0:00
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SYK Net sales Breakdown
57.74% MedSurg and Neurotechnology
42.26% Orthopaedics and Spine
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SYK Stock 12 Month Forecast
Average Price Target
$381.40
▲(14.88% Upside)
Technical Analysis
Best Analysts Covering SYK
1 Year
1 Year Success Rate
19/24 ratings generated profit
1 Year Average Return
+15.95%
reiterated a buy rating 14 days ago
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