Northland Capital slashes price target on Stryker Corporation [SYK] – find out why.

Stryker Corporation [NYSE: SYK] stock went on an upward path that rose over 1.75% on Friday, amounting to a one-week price increase of more than 7.02%. The company report on September 29, 2020 that Stryker extends cash tender offer for all outstanding shares of Wright Medical.

Stryker (NYSE: SYK) announced today that Stryker B.V., an indirect, wholly owned subsidiary of Stryker, has extended the offering period of its previously announced cash tender offer for all outstanding ordinary shares of Wright Medical Group N.V. (NASDAQ: WMGI). The tender offer is being made pursuant to the purchase agreement, dated November 4, 2019, among Stryker, Stryker B.V. and Wright Medical.

The tender offer is now scheduled to expire at 5:00 p.m., Eastern Time, on October 14, 2020, unless the tender offer is further extended or earlier terminated in accordance with the purchase agreement.

Over the last 12 months, SYK stock rose by 5.51%. The one-year Stryker Corporation stock forecast points to a potential downside of -1.68. The average equity rating for SYK stock is currently 2.10, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $82.24 billion, with 375.50 million shares outstanding and 347.23 million shares in the current float. Compared to the average trading volume of 1.24M shares, SYK stock reached a trading volume of 1235289 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Stryker Corporation [SYK]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SYK shares is $219.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SYK stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Northland Capital have made an estimate for Stryker Corporation shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on October 06, 2020. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Peer Perform. The new note on the price target was released on September 11, 2020, representing the official price target for Stryker Corporation stock. Previously, the target price had yet another raise to $155, while Barclays analysts kept a Underweight rating on SYK stock. On April 01, 2020, analysts decreased their price target for SYK shares from 248 to 150.

The Average True Range (ATR) for Stryker Corporation is set at 5.49, with the Price to Sales ratio for SYK stock in the period of the last 12 months amounting to 5.85. The Price to Book ratio for the last quarter was 6.56, with the Price to Cash per share for the same quarter was set at 17.94. Price to Free Cash Flow for SYK in the course of the last twelve months was 72.08 with Quick ratio for the last quarter at 2.10.

SYK Stock Performance Analysis:

Stryker Corporation [SYK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.02. With this latest performance, SYK shares gained by 10.48% in over the last four-week period, additionally plugging by 29.55% over the last 6 months – not to mention a rise of 5.51% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SYK stock in for the last two-week period is set at 69.85, with the RSI for the last a single of trading hit 73.79, and the three-weeks RSI is set at 66.29 for Stryker Corporation [SYK]. The present Moving Average for the last 50 days of trading for this stock 199.56, while it was recorded at 216.81 for the last single week of trading, and 192.58 for the last 200 days.

Insight into Stryker Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Stryker Corporation [SYK] shares currently have an operating margin of +22.76 and a Gross Margin at +63.03. Stryker Corporation’s Net Margin is presently recorded at +13.99.

Return on Total Capital for SYK is now 14.77, given the latest momentum, and Return on Invested Capital for the company is 9.56. Return on Equity for this stock inclined to 16.98, with Return on Assets sitting at 7.26. When it comes to the capital structure of this company, Stryker Corporation [SYK] has a Total Debt to Total Equity ratio set at 89.62. Additionally, SYK Total Debt to Total Capital is recorded at 47.26, with Total Debt to Total Assets ending up at 38.04. Long-Term Debt to Equity for the company is recorded at 82.24, with the Long-Term Debt to Total Capital now at 43.37.

Reflecting on the efficiency of the workforce at the company, Stryker Corporation [SYK] managed to generate an average of $52,075 per employee. Receivables Turnover for the company is 5.70 with a Total Asset Turnover recorded at a value of 0.52.Stryker Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 2.90.

SYK Stock EPS

With the latest financial reports released by the company, Stryker Corporation posted 1.91/share EPS, while the average EPS was predicted by analysts to be reported at 1.9/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SYK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Stryker Corporation go to 7.86%.

Stryker Corporation [SYK] Insider Position Details

There are presently around $60,199 million, or 74.20% of SYK stock, in the hands of institutional investors. The top three institutional holders of SYK stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 29,195,131, which is approximately -2.681% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 28,869,432 shares of the stock with an approximate value of $6.44 billion in SYK stocks shares; and BLACKROCK INC., currently with $5.79 billion in SYK stock with ownership of nearly -1.359% of the company’s market capitalization.

Positions in Stryker Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 677 institutional holders increased their position in Stryker Corporation [NYSE:SYK] by around 14,616,836 shares. Additionally, 550 investors decreased positions by around 15,697,462 shares, while 248 investors held positions by with 239,722,486 shares. The mentioned changes placed institutional holdings at 270,036,784 shares, according to the latest SEC report filing. SYK stock had 131 new institutional investments in for a total of 2,281,173 shares, while 77 institutional investors sold positions of 1,559,476 shares during the same period.

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