Royal Bank Of Canada reaffirmed their buy rating on shares of Stryker Corporation (NYSE:SYK) in a research report sent to investors on Monday. Royal Bank Of Canada currently has a $155.00 target price on the medical technology company’s stock.

Other research analysts have also issued research reports about the stock. SunTrust Banks, Inc. reissued a buy rating and issued a $161.00 price target on shares of Stryker Corporation in a research report on Monday. Argus reaffirmed a buy rating and set a $160.00 price objective on shares of Stryker Corporation in a report on Tuesday, August 29th. BidaskClub lowered Stryker Corporation from a buy rating to a hold rating in a research note on Saturday, August 26th. Needham & Company LLC upgraded Stryker Corporation from an underperform rating to a hold rating in a research note on Friday, August 25th. Finally, Piper Jaffray Companies reissued an overweight rating and issued a $148.00 target price on shares of Stryker Corporation in a report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $146.78.

Shares of Stryker Corporation (NYSE:SYK) traded up 0.14% during midday trading on Monday, reaching $143.71. The company’s stock had a trading volume of 609,558 shares. The company has a market capitalization of $53.76 billion, a price-to-earnings ratio of 32.08 and a beta of 0.81. Stryker Corporation has a 52-week low of $106.48 and a 52-week high of $148.84. The stock has a 50 day moving average price of $142.42 and a 200-day moving average price of $139.68.

Stryker Corporation (NYSE:SYK) last announced its quarterly earnings data on Thursday, July 27th. The medical technology company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. Stryker Corporation had a net margin of 14.22% and a return on equity of 24.26%. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the prior year, the company posted $1.39 EPS. The business’s revenue was up 6.1% on a year-over-year basis. Equities research analysts expect that Stryker Corporation will post $6.46 EPS for the current year.

TRADEMARK VIOLATION WARNING: This piece was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/10/03/stryker-corporation-syk-given-buy-rating-at-royal-bank-of-canada.html.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.70 dividend on an annualized basis and a yield of 1.18%. Stryker Corporation’s payout ratio is 37.95%.

In other Stryker Corporation news, insider David Floyd sold 19,305 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $144.56, for a total transaction of $2,790,730.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Graham A. Mclean sold 1,124 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $146.26, for a total transaction of $164,396.24. Following the transaction, the insider now owns 8,983 shares in the company, valued at $1,313,853.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,429 shares of company stock valued at $3,686,927. 7.40% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in SYK. Curbstone Financial Management Corp boosted its stake in Stryker Corporation by 86.9% in the third quarter. Curbstone Financial Management Corp now owns 3,560 shares of the medical technology company’s stock valued at $506,000 after acquiring an additional 1,655 shares during the last quarter. Intl Fcstone Inc. acquired a new stake in Stryker Corporation during the 2nd quarter worth $287,000. Gs Investments Inc. acquired a new stake in Stryker Corporation during the 2nd quarter worth $2,555,000. USA Financial Portformulas Corp acquired a new stake in Stryker Corporation during the 2nd quarter worth $3,388,000. Finally, Atlantic Trust LLC acquired a new stake in Stryker Corporation during the 2nd quarter worth $201,000. Institutional investors and hedge funds own 74.13% of the company’s stock.

About Stryker Corporation

Stryker Corporation is a medical technology company. The Company offers a range of medical technologies, including orthopedic, medical and surgical, and neurotechnology and spine products. The Company’s segments include Orthopaedics; MedSurg; Neurotechnology and Spine, and Corporate and Other. The Orthopaedics segment includes reconstructive (hip and knee) and trauma implant systems and other related products.

Analyst Recommendations for Stryker Corporation (NYSE:SYK)

Receive News & Stock Ratings for Stryker Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stryker Corporation and related stocks with our FREE daily email newsletter.