NYSE:SYKStryker Stock Price, Forecast & News

$196.70

-0.55 (-0.28 %)

(As of 06/2/2020 12:26 PM ET)

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Today's Range

$195.34

Now: $196.70▼

$198.00

50-Day Range

$172.08

MA: $185.74▼

$195.73

52-Week Range

$124.54

Now: $196.70▼

$226.30

Volume285,651 shs

Average Volume1.75 million shs

Market Capitalization$73.73 billion

P/E Ratio34.56

Dividend Yield1.18%

Beta0.85

Stryker Corporation operates as a medical technology company. The company operates through three segments: Orthopaedics, MedSurg, and Neurotechnology and Spine. The Orthopaedics segment provides implants for use in hip and knee joint replacements, and trauma and extremities surgeries. The MedSurg segment offers surgical equipment and surgical navigation systems, endoscopic and communications systems, patient handling, emergency medical equipment and intensive care disposable products, reprocessed and remanufactured medical devices, and other medical devices for use in various medical specialties. The Neurotechnology and Spine segment provides neurotechnology products that include products used for minimally invasive endovascular techniques; products for brain and open skull based surgical procedures; orthobiologic and biosurgery products, such as synthetic bone grafts and vertebral augmentation products; and minimally invasive products for the treatment of acute ischemic and hemorrhagic stroke. It also provides spinal implant products comprising cervical, thoracolumbar, and interbody systems for use in spinal injury, deformity, and degenerative therapies. The company sells its products to doctors, hospitals, and other healthcare facilities through company-owned subsidiaries and branches, as well as third-party dealers and distributors in approximately 80 countries. Stryker Corporation was founded in 1941 and is headquartered in Kalamazoo, Michigan.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
Stryker has received a consensus rating of Buy. The company's average rating score is 2.63, and is based on 17 buy ratings, 7 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $215.20, Stryker has a potential upside of 9.9% from its current price of $195.79.
Amount of Analyst Coverage
Stryker has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.6 Community Rank

Outperform Votes
Stryker has received 790 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Stryker has received 759 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Stryker has received 51.00% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Stryker and other stocks. Vote “Outperform” if you believe SYK will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SYK will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Stryker is a leading dividend payer. It pays a dividend yield of 1.18%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Stryker has been increasing its dividend for 9 years.
Dividend Coverage
The dividend payout ratio of Stryker is 27.85 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Stryker will have a dividend payout ratio of 25.93 % next year. This indicates that Stryker will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Stryker insiders have sold 25,144.41% more of their company's stock than they have bought. Specifically, they have bought $9,695.00 in company stock and sold $2,447,446.00 in company stock.
Percentage Held by Insiders
Only 6.80% of the stock of Stryker is held by insiders.
Percentage Held by Institutions
71.27% of the stock of Stryker is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Stryker are expected to grow by 42.83% in the coming year, from $6.21 to $8.87 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Stryker is 34.41, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.69.
Price to Earnings Ratio vs. Sector
The P/E ratio of Stryker is 34.41, which means that it is trading at a more expensive P/E ratio than the Medical sector average P/E ratio of about 25.38.
Price to Earnings Growth Ratio
Stryker has a PEG Ratio of 3.43. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Stryker has a P/B Ratio of 5.72. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.39 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Surgical & medical instruments

Sub-IndustryHealth Care Equipment

SectorMedical

Current SymbolNYSE:SYK

Previous Symbol

CUSIP86366710

CIK310764

Webwww.strykercorp.com

Phone269-389-2600

Debt

Debt-to-Equity Ratio0.72

Current Ratio2.58

Quick Ratio1.77

Price-To-Earnings

Trailing P/E Ratio34.56

Forward P/E Ratio31.67

P/E Growth3.43

Sales & Book Value

Annual Sales$14.88 billion

Price / Sales4.95

Cash Flow$10.52 per share

Price / Cash Flow18.69

Book Value$34.23 per share

Price / Book5.75

Profitability

EPS (Most Recent Fiscal Year)$8.26

Net Income$2.08 billion

Net Margins14.47%

Return on Equity24.90%

Return on Assets11.10%

Miscellaneous

Employees40,000

Outstanding Shares374,830,000

Market Cap$73.73 billion

Next Earnings Date7/23/2020 (Estimated)

OptionableOptionable

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Stryker (NYSE:SYK) Frequently Asked Questions

How has Stryker's stock been impacted by COVID-19 (Coronavirus)?

Stryker's stock was trading at $175.62 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SYK stock has increased by 11.5% and is now trading at $195.79. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Stryker?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Stryker in the last year. There are currently 2 sell ratings, 7 hold ratings, 17 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Stryker.

When is Stryker's next earnings date?

Stryker is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Stryker.

How were Stryker's earnings last quarter?

Stryker Co. (NYSE:SYK) posted its quarterly earnings results on Thursday, April, 30th. The medical technology company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.15. The medical technology company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.45 billion. Stryker had a return on equity of 24.90% and a net margin of 14.47%. Stryker's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.88 earnings per share. View Stryker's earnings history.

How often does Stryker pay dividends? What is the dividend yield for Stryker?

Stryker declared a quarterly dividend on Tuesday, May 5th. Investors of record on Tuesday, June 30th will be given a dividend of $0.575 per share on Friday, July 31st. This represents a $2.30 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Monday, June 29th. View Stryker's dividend history.

What price target have analysts set for SYK?

27 brokerages have issued 12-month target prices for Stryker's shares. Their forecasts range from $150.00 to $248.00. On average, they anticipate Stryker's share price to reach $215.20 in the next year. This suggests a possible upside of 9.9% from the stock's current price. View analysts' price targets for Stryker.

Has Stryker been receiving favorable news coverage?

Press coverage about SYK stock has been trending very positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Stryker earned a news sentiment score of 3.5 on InfoTrie's scale. They also gave news stories about the medical technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutStryker.

Who are some of Stryker's key competitors?

Some companies that are related to Stryker include Abbott Laboratories (ABT), Medtronic (MDT), Intuitive Surgical (ISRG), Becton Dickinson and (BDX), Boston Scientific (BSX), Edwards Lifesciences (EW), Baxter International (BAX), DexCom (DXCM), IDEXX Laboratories (IDXX), ResMed (RMD), Teleflex (TFX), Steris (STE), Hologic (HOLX), Masimo (MASI) and Insulet (PODD). View all competitors.

What other stocks do shareholders of Stryker own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Stryker investors own include Walt Disney (DIS), Medtronic (MDT), Johnson & Johnson (JNJ), Home Depot (HD), AbbVie (ABBV), Abbott Laboratories (ABT), Visa (V), Alibaba Group (BABA), Bank of America (BAC) and NVIDIA (NVDA).

Who are Stryker's key executives?

Stryker's management team includes the following people:

Mr. Kevin A. Lobo, Chairman & CEO (Age 54)
Mr. Timothy J. Scannell, Pres & COO (Age 54)
Mr. Glenn S. Boehnlein, VP & CFO (Age 57)
Mr. Michael D. Hutchinson, VP & Chief Legal Officer (Age 48)
Mr. Lonny J. Carpenter, Group Pres & Adviser to the CEO (Age 57)

What is Stryker's stock symbol?

Stryker trades on the New York Stock Exchange (NYSE) under the ticker symbol "SYK."

Who are Stryker's major shareholders?

Stryker's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.03%), Greenleaf Trust (5.64%), State Street Corp (3.69%), Capital Research Global Investors (2.47%), Bank of New York Mellon Corp (1.87%) and Massachusetts Financial Services Co. MA (1.66%). Company insiders that own Stryker stock include Allan C Golston, Bijoy Sagar, Glenn S Boehnlein, Katherine Ann Owen, Kevin Lobo, Louise Francesconi, M Kathryn Fink, Michael Damon Hutchinson, Roch Doliveux, Srikant M Datar, Timothy J Scannell and Yin C Becker. View institutional ownership trends for Stryker.

Which institutional investors are selling Stryker stock?

SYK stock was sold by a variety of institutional investors in the last quarter, including The Manufacturers Life Insurance Company , Mackenzie Financial Corp, Nuveen Asset Management LLC, JPMorgan Chase & Co., State of Michigan Retirement System, Greenleaf Trust, UBS Group AG, and Canada Pension Plan Investment Board. Company insiders that have sold Stryker company stock in the last year include Allan C Golston, Glenn S Boehnlein, Katherine Ann Owen, Kevin Lobo, M Kathryn Fink, Srikant M Datar, and Timothy J Scannell. View insider buying and selling activity for Stryker.

Which institutional investors are buying Stryker stock?

SYK stock was bought by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, BlueSpruce Investments LP, Massachusetts Financial Services Co. MA, 1832 Asset Management L.P., 1832 Asset Management L.P., WCM Investment Management LLC, Sumitomo Mitsui Trust Holdings Inc., and Invesco Ltd.. View insider buying and selling activity for Stryker.

How do I buy shares of Stryker?

Shares of SYK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Stryker's stock price today?

One share of SYK stock can currently be purchased for approximately $195.79.

How big of a company is Stryker?

Stryker has a market capitalization of $73.39 billion and generates $14.88 billion in revenue each year. The medical technology company earns $2.08 billion in net income (profit) each year or $8.26 on an earnings per share basis. Stryker employs 40,000 workers across the globe.

What is Stryker's official website?

The official website for Stryker is www.strykercorp.com.

How can I contact Stryker?

Stryker's mailing address is 2825 AIRVIEW BLVD, KALAMAZOO MI, 49002. The medical technology company can be reached via phone at 269-389-2600 or via email at [email protected]

This page was last updated on 6/2/2020 by MarketBeat.com Staff