The closing price of Stryker Corp. (NYSE: SYK) was $353.51 for the day, up 0.09% from the previous closing price of $353.19. In other words, the price has increased by $+0.32 from its previous closing price. On the day, 1537645 shares were traded. SYK stock price reached its highest trading level at $354.87 during the session, while it also had its lowest trading level at $351.00.
Ratios:
Our analysis of SYK’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 44.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 42.87. For the most recent quarter (mrq), Quick Ratio is recorded 0.97 and its Current Ratio is at 1.58. In the meantime, Its Debt-to-Equity ratio is 0.73 whereas as Long-Term Debt/Eq ratio is at 0.61.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Canaccord Genuity on January 31, 2024, Upgraded its rating to Buy and sets its target price to $360 from $315 previously.
On October 20, 2023, ROTH MKM started tracking the stock assigning a Buy rating and target price of $345.
BofA Securities Upgraded its Neutral to Buy on September 05, 2023, whereas the target price for the stock was revised from $310 to $315.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 07 ’24 when Berry William E Jr sold 7,690 shares for $358.48 per share. The transaction valued at 2,756,730 led to the insider holds 3,675 shares of the business.
Boehnlein Glenn S sold 9,600 shares of SYK for $3,290,952 on Feb 09 ’24. The VP, Chief Financial Officer now owns 20,194 shares after completing the transaction at $342.81 per share. On Feb 06 ’24, another insider, STRYKER RONDA E, who serves as the Director of the company, sold 92,296 shares for $339.95 each. As a result, the insider received 31,376,021 and left with 3,662,832 shares of the company.
Valuation Measures:
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 134.43B and an Enterprise Value of 144.37B. As of this moment, Stryker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 42.87, and their Forward P/E ratio for the next fiscal year is 26.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.56 while its Price-to-Book (P/B) ratio in mrq is 7.23. Its current Enterprise Value per Revenue stands at 7.04 whereas that against EBITDA is 29.26.
Stock Price History:
The Beta on a monthly basis for SYK is 0.90, which has changed by 27.76% over the last 52 weeks, in comparison to a change of 32.00% over the same period for the S&P500. Over the past 52 weeks, SYK has reached a high of $361.41, while it has fallen to a 52-week low of $249.98. The 50-Day Moving Average of the stock is 339.31, while the 200-Day Moving Average is calculated to be 298.76.
Shares Statistics:
SYK traded an average of 1.31M shares per day over the past three months and 1.16M shares per day over the past ten days. A total of 380.10M shares are outstanding, with a floating share count of 356.67M. Insiders hold about 6.20% of the company’s shares, while institutions hold 81.41% stake in the company. Shares short for SYK as of Feb 29, 2024 were 3.75M with a Short Ratio of 2.87, compared to 4.18M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.99% and a Short% of Float of 1.05%.
Dividends & Splits
With its trailing 12-month dividend rate of 3.05, SYK has a forward annual dividend rate of 3.05. Against a Trailing Annual Dividend Yield of 0.86%, it implies a Forward Annual Dividend Yield of 0.91%. The stock’s 5-year Average Dividend Yield is 1.06. The current Payout Ratio is 36.98% for SYK, which recently paid a dividend on Apr 30, 2024 with an ex-dividend date of Mar 27, 2024. Stock splits for the company last occurred on May 17, 2004 when the company split stock in a 2:1 ratio.
Earnings Estimates
The firm’s stock currently is rated by 24 analysts. On average, analysts expect EPS of $2.36 for the current quarter, with a high estimate of $2.48 and a low estimate of $2.28, while EPS last year was $2.14. The consensus estimate for the next quarter is $2.85, with high estimates of $2.96 and low estimates of $2.76.
Analysts are recommending an EPS of between $12 and $11.46 for the fiscal current year, implying an average EPS of $11.85. EPS for the following year is $13.25, with 27 analysts recommending between $13.66 and $12.11.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 22 analysts. It ranges from a high estimate of $5.16B to a low estimate of $5B. As of the current estimate, Stryker Corp.’s year-ago sales were $4.56B, an estimated increase of 11.90% from the year-ago figure. For the next quarter, 22 analysts are estimating revenue of $5.4B, an increase of 12.00% over than the figure of $11.90% in the same quarter last year. There is a high estimate of $5.59B for the next quarter, whereas the lowest estimate is $5.34B.
A total of 27 analysts have provided revenue estimates for SYK’s current fiscal year. The highest revenue estimate was $22.34B, while the lowest revenue estimate was $22.01B, resulting in an average revenue estimate of $22.18B. In the same quarter a year ago, actual revenue was $20.5B, up 8.20% from the average estimate. Based on 26 analysts’ estimates, the company’s revenue will be $23.85B in the next fiscal year. The high estimate is $24.32B and the low estimate is $23.49B. The average revenue growth estimate for next year is up 7.50% from the average revenue estimate for this year.
