Stryker Corp (NYSE: SYK) has reported E.P.S. of $2.07 for its first fiscal quarter (ending March 31) versus $1.56 for the same period a year ago — an increase of 33%. Relative to the consensus estimate of $2.72, this was a shortfall of $-0.65. For the latest four quarters through March 31, E.P.S. were $8.85 versus $6.93 for the same period a year ago — an increase of 28%.
Recent Price Action
Stryker Corp (NYSE: SYK) stock closed at $336.50 on 4/30/24 after a slight decline of -0.7%. Moreover, this decline was accompanied by exceptionally high trading volume at 212% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 2.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SYK is expected to continue to be a major Value Builder.
Stryker has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Stryker has a poor Appreciation Score of 16 but a good Power Rating of 81, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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