Oppenheimer analyst Steven Lichtman maintained a Hold rating on Stryker (SYK) today and set a price target of $200.00. The company’s shares closed last Thursday at $186.43.
According to TipRanks.com, Lichtman is ranked 0 out of 5 stars with an average return of -3.8% and a 49.7% success rate. Lichtman covers the Healthcare sector, focusing on stocks such as Helius Medical Technologies, Zimmer Biomet Holdings, and Merit Medical Systems.
Currently, the analyst consensus on Stryker is a Moderate Buy with an average price target of $203.07, implying a 5.4% upside from current levels. In a report released today, Needham also assigned a Hold rating to the stock.
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The company has a one-year high of $226.31 and a one-year low of $124.54. Currently, Stryker has an average volume of 2.42M.
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SYK in relation to earlier this year. Most recently, in March 2020, Srikant Datar, a Director at SYK bought 1,000 shares for a total of $59,700.
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Stryker Corp. engages in providing medical technology products and services. It operates through the following segments: Orthopaedics, MedSurg and Neurotechnology and Spine. The Orthopaedics segment provides reconstructive and trauma implant systems. The Medsurg segment deals with surgical equipment and navigation systems, endoscopy, patient handling, and reprocessed medical devices. The Neurotechnology and Spine segment pertains to spinal implants and neurovascular products. The company was founded by Homer H. Stryker in 1941 and is headquartered in Kalamazoo, MI.
