Stryker Corp (NYSE: SYK) has reported E.P.S. of $1.82 for its third fiscal quarter (ending September 30) versus $2.16 for the same period a year ago — a decline of -16%. Relative to the consensus estimate of $2.44, this was a shortfall of $-0.62. For the latest four quarters through September 30, E.P.S. were $6.81 compared to $6.50 a year ago — an increase of 5%.
Recent Price Action
Stryker Corp (NYSE: SYK) stock closed at $278.23 on 11/2/23 after a large increase of 2.3%. The stock has risen 7.4% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
SYK’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Stryker has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Stryker has a poor Appreciation Score of 16 but a good Power Rating of 70, with the Low Neutral Value Trend Rating the result.
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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