why Stryker Corporation [SYK] is a Good Choice for Investors After New Price Target of $258.19

Stryker Corporation [NYSE: SYK] surged by $3.47 during the normal trading session on Friday and reaching a high of $260.15 during the day while it closed the day at $259.82. The company report on December 28, 2022 that Stryker to host conference call on January 31, 2023.

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To register for this conference call, please use the following link: Stryker’s Q4 and Full Year 2022 Earnings Call.  After registering, a confirmation will be sent via email, including dial-in details and unique conference call access codes required for call entry. Registration is open throughout the live call. To ensure you are connected prior to the beginning of the call, the Company suggests registering a day in advance or a minimum of 15 minutes before the start of the call.

Stryker Corporation stock has also gained 1.39% of its value over the past 7 days. However, SYK stock has inclined by 21.35% in the 3 months of the year. Over the past six months meanwhile, it has gained 33.41% and gained 6.27% year-on date.

The market cap for SYK stock reached $97.00 billion, with 378.40 million shares outstanding and 371.63 million shares in the current float. Compared to the average trading volume of 1.48M shares, SYK reached a trading volume of 752113 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $258.19 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 2.20. 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.

RBC Capital Mkts have made an estimate for Stryker Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 09, 2023. While these analysts kept the previous recommendation, Canaccord Genuity dropped their target price from $225 to $220. The new note on the price target was released on November 01, 2022, representing the official price target for Stryker Corporation stock. Previously, the target price had yet another raise to $239, while Barclays analysts kept a Overweight rating on SYK stock.

The Average True Range (ATR) for Stryker Corporation is set at 5.77, with the Price to Sales ratio for SYK stock in the period of the last 12 months amounting to 5.40. The Price to Book ratio for the last quarter was 5.97, with the Price to Cash per share for the same quarter was set at 4.01. Price to Free Cash Flow for SYK in the course of the last twelve months was 97.98 with Quick ratio for the last quarter at 1.20.

SYK stock trade performance evaluation

Stryker Corporation [SYK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.39. With this latest performance, SYK shares gained by 2.31% in over the last four-week period, additionally plugging by 33.41% over the last 6 months – not to mention a drop of -3.06% 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 63.60, with the RSI for the last a single of trading hit 64.41, and the three-weeks RSI is set at 62.47 for Stryker Corporation [SYK]. The present Moving Average for the last 50 days of trading for this stock 236.54, while it was recorded at 259.96 for the last single week of trading, and 225.81 for the last 200 days.

Stryker Corporation [SYK]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Stryker Corporation [SYK] shares currently have an operating margin of +21.40 and a Gross Margin at +62.60. Stryker Corporation’s Net Margin is presently recorded at +11.66.

Return on Equity for this stock inclined to 14.26, with Return on Assets sitting at 5.78.

Stryker Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 2.00.

Earnings per share (EPS) analysis for Stryker Corporation [SYK] stock

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 7.63%.

Stryker Corporation [SYK]: Insider Ownership positions

There are presently around $76,423 million, or 79.80% of SYK stock, in the hands of institutional investors. The top three institutional holders of SYK stocks are: VANGUARD GROUP INC with ownership of 29,795,845, which is approximately 1.44% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 23,659,084 shares of the stock with an approximate value of $6.15 billion in SYK stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $5.23 billion in SYK stock with ownership of nearly 1.127% of the company’s market capitalization.

Positions in Stryker Corporation stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 710 institutional holders increased their position in Stryker Corporation [NYSE:SYK] by around 14,881,626 shares. Additionally, 684 investors decreased positions by around 10,044,635 shares, while 275 investors held positions by with 269,210,117 shares. The mentioned changes placed institutional holdings at 294,136,378 shares, according to the latest SEC report filing. SYK stock had 100 new institutional investments in for a total of 2,997,536 shares, while 124 institutional investors sold positions of 2,139,626 shares during the same period.


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