Analyst Price Target Update on Stryker Corporation (NYSE:SYK)

Stryker Corporation (NYSE:SYK) shares are expected to touch $117.72 in the short term. This short term price target has been shared by 18 analysts. However, the standard deviation of short term price estimate has been valued at 10.07. The target price could hit $134 on the higher end and $88 on the lower end.

Many analysts have stated their opinion on the company shares. Guggenheim Securities initiates coverage on Stryker Corporation (NYSE:SYK).The analysts at the brokerage house have a current rating of Buy on the shares. The rating by the firm was issued on June 9, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Stryker Corp, Stryker Ronda E had sold 12,000 shares worth of $1,371,960 in a transaction dated June 8, 2016. In this transaction, 12,000 shares were sold at $114.33 per share.

Stryker Corporation (NYSE:SYK) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.12 points or 0.1% at $114.44 with 1,200,215 shares getting traded. Post opening the session at $114.56, the shares hit an intraday low of $114.36 and an intraday high of $115.54 and the price was in this range throughout the day. The company has a market cap of $42,798 million and the number of outstanding shares have been calculated to be 373,981,100 shares. The 52-week high of Stryker Corporation (NYSE:SYK) is $115.9 and the 52-week low is $86.68.

Stryker Corporation is a medical technology company. The Company offers a range of products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine, which help improve patient and hospital outcomes.

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