For its third fiscal quarter (ending September 30), Stryker Corp (NYSE: SYK) has reported a 20% increase in E.P.S. from $1.82 a year ago to $2.18 in the current quarter. For the latest four quarters through September 30, E.P.S. were $9.43 compared to $6.81 a year ago — an increase of 38%.
Recent Price Action
Stryker Corp (NYSE: SYK) stock closed at $359.01 on 10/29/24 after a modest gain of 0.8%. Moreover, exceptionally high trading volume at 208% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -2.2% during the last week.
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 D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Stryker has a poor Appreciation Score of 19 but a neutral Power Rating of 54, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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