Breaking: Stryker Corporation (NYSE:SYK) “Hold” Rating Reiterated at BMO Capital Today; The Price Target is Set to $140.0

January 20, 2018 - By Migdalia James

 Breaking: Stryker Corporation (NYSE:SYK)

Investors sentiment increased to 0.87 in Q3 2017. Its up 0.02, from 0.85 in 2017Q2. It is positive, as 52 investors sold Stryker Corporation shares while 330 reduced holdings. 56 funds opened positions while 275 raised stakes. 275.60 million shares or 0.51% more from 274.21 million shares in 2017Q2 were reported.

First Trust Advisors Limited Partnership stated it has 209,928 shares. Deroy And Devereaux Private Investment Counsel has invested 0.26% of its portfolio in Stryker Corporation (NYSE:SYK). Advisory Ntwk Ltd Liability Co accumulated 3,376 shares. First Western Mgmt Communications reported 35,264 shares. Atria Invs Lc accumulated 7,757 shares. Monroe Comml Bank Tru Mi invested in 500 shares or 0.02% of the stock. Suncoast Equity Mngmt holds 82,482 shares. 14,400 are owned by Virginia Retirement Systems Et Al. Great West Life Assurance Can has 0.13% invested in Stryker Corporation (NYSE:SYK) for 385,394 shares. Indiana Tru & Management holds 4,434 shares or 0.3% of its portfolio. Motco, a Texas-based fund reported 872 shares. Saturna owns 303,000 shares. Moreover, Fjarde Ap has 0.22% invested in Stryker Corporation (NYSE:SYK). Cibc Asset Mngmt invested 0.05% of its portfolio in Stryker Corporation (NYSE:SYK). Peapack Gladstone Corporation invested in 58,021 shares or 0.47% of the stock.

Since August 4, 2017, it had 0 insider purchases, and 2 insider sales for $896,215 activity. McLean Graham A sold $164,396 worth of stock or 1,124 shares.

Stryker Corporation (NYSE:SYK) Rating Reaffirmed

In a report issued on Monday, 30 October, The “Hold” rating of Stryker Corporation (NYSE:SYK) shares was maintained by Analysts at BMO Capital, who now has a $140.0 target price per share on the stock. BMO Capital’s target price per share suggests a possible downside of -13.19 % from the last price of the company.

Investors sentiment increased to 0.87 in Q3 2017. Its up 0.02, from 0.85 in 2017Q2. It is positive, as 52 investors sold Stryker Corporation shares while 330 reduced holdings. 56 funds opened positions while 275 raised stakes. 275.60 million shares or 0.51% more from 274.21 million shares in 2017Q2 were reported.

First Trust Advisors Limited Partnership stated it has 209,928 shares. Deroy And Devereaux Private Investment Counsel has invested 0.26% of its portfolio in Stryker Corporation (NYSE:SYK). Advisory Ntwk Ltd Liability Co accumulated 3,376 shares. First Western Mgmt Communications reported 35,264 shares. Atria Invs Lc accumulated 7,757 shares. Monroe Comml Bank Tru Mi invested in 500 shares or 0.02% of the stock. Suncoast Equity Mngmt holds 82,482 shares. 14,400 are owned by Virginia Retirement Systems Et Al. Great West Life Assurance Can has 0.13% invested in Stryker Corporation (NYSE:SYK) for 385,394 shares. Indiana Tru & Management holds 4,434 shares or 0.3% of its portfolio. Motco, a Texas-based fund reported 872 shares. Saturna owns 303,000 shares. Moreover, Fjarde Ap has 0.22% invested in Stryker Corporation (NYSE:SYK). Cibc Asset Mngmt invested 0.05% of its portfolio in Stryker Corporation (NYSE:SYK). Peapack Gladstone Corporation invested in 58,021 shares or 0.47% of the stock.

Since August 4, 2017, it had 0 insider purchases, and 2 insider sales for $896,215 activity. McLean Graham A sold $164,396 worth of stock or 1,124 shares.

Stryker Corporation (NYSE:SYK) Ratings Coverage

Among 26 analysts covering Stryker Corporation (NYSE:SYK), 17 have Buy rating, 2 Sell and 7 Hold. Therefore 65% are positive. Stryker Corporation has $174.0 highest and $88 lowest target. $147.89’s average target is -8.30% below currents $161.28 stock price. Stryker Corporation had 80 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Stryker Corporation (NYSE:SYK) earned “Hold” rating by Oppenheimer on Monday, June 19. The company was maintained on Tuesday, January 2 by Wells Fargo. The firm earned “Underperform” rating on Friday, January 6 by Needham. The stock of Stryker Corporation (NYSE:SYK) earned “Hold” rating by Oppenheimer on Wednesday, August 23. Barclays Capital maintained Stryker Corporation (NYSE:SYK) on Friday, April 28 with “Sell” rating. The company was initiated on Friday, October 14 by Suntrust Robinson. The firm earned “Neutral” rating on Friday, June 30 by Cantor Fitzgerald. The stock has “Sell” rating by Needham on Friday, July 28. BMO Capital Markets upgraded the shares of SYK in report on Tuesday, November 1 to “Market Perform” rating. The stock has “Buy” rating by Piper Jaffray on Thursday, October 26.

The stock increased 0.62% or $1 during the last trading session, reaching $161.28. About 1.20 million shares traded or 2.84% up from the average. Stryker Corporation (NYSE:SYK) has risen 24.95% since January 20, 2017 and is uptrending. It has outperformed by 8.25% the S&P500.

Analysts await Stryker Corporation (NYSE:SYK) to report earnings on January, 23. They expect $1.95 EPS, up 9.55 % or $0.17 from last year’s $1.78 per share. SYK’s profit will be $729.76 million for 20.68 P/E if the $1.95 EPS becomes a reality. After $1.52 actual EPS reported by Stryker Corporation for the previous quarter, Wall Street now forecasts 28.29 % EPS growth.

Stryker Corporation, together with its subsidiaries, operates as a medical technology company. The company has market cap of $60.36 billion. It operates through three divisions: Orthopaedics; MedSurg; and Neurotechnology and Spine. It has a 34.47 P/E ratio. The Orthopaedics segment offers implants for use in hip and knee joint replacements, and trauma and extremities surgeries.

Another recent and important Stryker Corporation (NYSE:SYK) news was published by Nasdaq.com which published an article titled: “Stryker (SYK) Posts Upbeat Preliminary Sales Figure for Q4” on January 12, 2018.

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