Stryker Corp (NYSE: SYK) has reported earnings for its second fiscal quarter (ending June 30) of $2.17 versus $1.95 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $9.07 versus $7.15 for the same period a year ago.
Recent Price Action
Stryker Corp (NYSE: SYK) stock declined slightly by -0.9% on 7/30/24. The stock closed at $330.22. Moreover, unusually high trading volume at 196% of normal accompanied the decline. The stock has declined -3.6% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, SYK is expected to continue to be a major Value Builder.
Stryker has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Stryker has a poor Appreciation Score of 18 but a good Power Rating of 70, and the Low 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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