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Why Stryker Corporation (SYK) Stock Could See Much Higher Prices Ahead

Stryker Corporation (NYSE: SYK) is 12.14% higher on its value in year-to-date trading and has touched a low of $188.84 and a high of $306.56 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SYK stock was last observed hovering at around $286.17 in the last trading session, with the day’s loss setting it -12.01%.

Currently trading at $274.16, the stock is -5.30% and -4.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.16 million and changing -4.20% at the moment leaves the stock 10.74% off its SMA200. SYK registered 18.05% gain for a year compared to 6-month gain of 22.61%. The firm has a 50-day simple moving average (SMA 50) of $6.59 and a 200-day simple moving average (SMA200) of $28.83.

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The stock witnessed a -9.23% loss in the last 1 month and extending the period to 3 months gives it a 4.78%, and is -4.12% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.43% over the week and 1.99% over the month.

Stryker Corporation (SYK) has around 51000 employees, a market worth around $104.03B and $18.95B in sales. Current P/E ratio is 39.90 and Fwd P/E is 24.42. Profit margin for the company is 13.90%. Distance from 52-week low is 45.18% and -10.57% from its 52-week high. The company has generated returns on investments over the last 12 months (8.50%).

Stryker Corporation (SYK) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Stryker Corporation (SYK) is a “Overweight”. 28 analysts offering their recommendations for the stock have an average rating of 2.20, where 12 rate it as a Hold and 3 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

The EPS is expected to grow by 18.30% this year.

Stryker Corporation (SYK) Top Institutional Holders

The shares outstanding are 379.00M, and float is at 371.63M with Short Float at 1.06%.

Stryker Corporation (SYK) Insider Activity

A total of 92 insider transactions have happened at Stryker Corporation (SYK) in the last six months, with sales accounting for 61 and purchases happening 31 times. The most recent transaction is an insider sale by Datar Srikant M.,the company’sDirector. SEC filings show that Datar Srikant M. sold 1,000 shares of the company’s common stock on May 18 at a price of $286.00 per share for a total of $0.29 million. Following the sale, the insider now owns 5967.0 shares.

Stryker Corporation disclosed in a document filed with the SEC on Feb 28 that Golston Allan C. (Director) sold a total of 5,459 shares of the company’s common stock. The trade occurred on Feb 28 and was made at $263.27 per share for $1.44 million. Following the transaction, the insider now directly holds 13537.0 shares of the SYK stock.

Still, SEC filings show that on Feb 09, Menon Viju (Group President) disposed off 2,161 shares at an average price of $264.31 for $0.57 million. The insider now directly holds 10,611 shares of Stryker Corporation (SYK).

Stryker Corporation (SYK): Who are the competitors?

The company’s main competitors (and peers) include Medtronic plc (MDT) that is trading -15.02% down over the past 12 months and Intuitive Surgical Inc. (ISRG) that is 37.60% higher over the same period. Edwards Lifesciences Corporation (EW) is -10.16% down on the 1-year trading charts.

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