As of close of business last night, Stryker Corporation’s stock clocked out at $274.16, down -4.20% from its previous closing price of $286.17. In other words, the price has decreased by -$12.01 from its previous closing price. On the day, 2163273 shares were traded. SYK stock price reached its highest trading level at $285.30 during the session, while it also had its lowest trading level at $272.07.
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To gain a deeper understanding of SYK’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 59.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 87.13. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.70. In the meantime, Its Debt-to-Equity ratio is 0.77 whereas as Long-Term Debt/Eq ratio is at 0.70.
Upgrades & Downgrades
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 18 when Datar Srikant M. sold 1,000 shares for $286.00 per share. The transaction valued at 286,000 led to the insider holds 5,967 shares of the business.
Golston Allan C. sold 5,459 shares of SYK for $1,437,180 on Feb 28. The Director now owns 13,537 shares after completing the transaction at $263.27 per share. On Feb 09, another insider, Menon Viju, who serves as the Group President of the company, sold 2,161 shares for $264.31 each. As a result, the insider received 571,166 and left with 10,611 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SYK now has a Market Capitalization of 113.69B and an Enterprise Value of 124.81B. As of this moment, Stryker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 39.90, and their Forward P/E ratio for the next fiscal year is 24.42. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.49 while its Price-to-Book (P/B) ratio in mrq is 6.15. Its current Enterprise Value per Revenue stands at 6.59 whereas that against EBITDA is 28.83.
Stock Price History:
Over the past 52 weeks, SYK has reached a high of $306.56, while it has fallen to a 52-week low of $188.84. The 50-Day Moving Average of the stock is 286.70, while the 200-Day Moving Average is calculated to be 247.87.
It appears that SYK traded 1.24M shares on average per day over the past three months and 1.14M shares per day over the past ten days. A total of 379.00M shares are outstanding, with a floating share count of 371.63M. Insiders hold about 0.10% of the company’s shares, while institutions hold 79.80% stake in the company. Shares short for SYK as of Apr 27, 2023 were 3.95M with a Short Ratio of 3.95M, compared to 6.88M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.04% and a Short% of Float of 1.11%.
Dividends & Splits
With its trailing 12-month dividend rate of 2.89, SYK has a forward annual dividend rate of 3.00. Against a Trailing Annual Dividend Yield of 1.01%, it implies a Forward Annual Dividend Yield of 1.05%. The stock’s 5-year Average Dividend Yield is 1.07. The current Payout Ratio is 41.60% for SYK, which recently paid a dividend on Jul 30, 2023 with an ex-dividend date of Jun 28, 2023. Stock splits for the company last occurred on May 16, 2004 when the company split stock in a 2:1 ratio.
As of right now, 25 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $2.38 for the current quarter, with a high estimate of $2.48 and a low estimate of $2.32, while EPS last year was $2.25. The consensus estimate for the next quarter is $2.4, with high estimates of $2.49 and low estimates of $2.32.
Analysts are recommending an EPS of between $10.27 and $10.1 for the fiscal current year, implying an average EPS of $10.16. EPS for the following year is $11.22, with 27 analysts recommending between $11.55 and $10.75.
In the current quarter, 22 analysts expect revenue to total $4.82B. It ranges from a high estimate of $4.96B to a low estimate of $4.75B. As of the current estimate, Stryker Corporation’s year-ago sales were $4.49B, an estimated increase of 7.40% from the year-ago figure. For the next quarter, 22 analysts are estimating revenue of $4.81B, an increase of 7.30% less than the figure of $7.40% in the same quarter last year. There is a high estimate of $4.85B for the next quarter, whereas the lowest estimate is $4.76B.
A total of 27 analysts have provided revenue estimates for SYK’s current fiscal year. The highest revenue estimate was $20.13B, while the lowest revenue estimate was $19.89B, resulting in an average revenue estimate of $20B. In the same quarter a year ago, actual revenue was $18.45B, up 8.40% from the average estimate. Based on 27 analysts’ estimates, the company’s revenue will be $21.45B in the next fiscal year. The high estimate is $21.77B and the low estimate is $21.11B. The average revenue growth estimate for next year is up 7.20% from the average revenue estimate for this year.