Guggenheim Securities Initiates Coverage on STRYKER CORP COM to Buy

Guggenheim Securities Initiates Coverage on STRYKER CORP COM(NYSE:SYK). The shares have been rated Buy. The rating by Guggenheim Securities was issued on Jun 9, 2016.

In a different note, On Apr 27, 2016, Sterne Agee CRT said it Upgrades its rating on STRYKER CORP COM. The shares have been rated ‘Buy’ by the firm. On Apr 27, 2016, Argus Research said it Maintains its rating on STRYKER CORP COM. In the research note, the firm Raises the price-target to $120.00 per share. The shares have been rated ‘Buy’ by the firm. Nomura said it Initiates Coverage on STRYKER CORP COM, according to a research note issued on Mar 17, 2016. The shares have been rated ‘Neutral’ by the firm.

STRYKER CORP COM (SYK) shares turned negative on Wednesdays trading session with the shares closing down -1.08 points or -0.94% at a volume of 10,34,307. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $115.78. The peak price level was also seen at $115.78 while the days lowest was $113.9. Finally the shares closed at $114.34. The 52-week high of the shares is $115.9 while the 52-week low is $86.68. According to the latest information available, the market cap of the company is $42,761 M.

STRYKER CORP COM has also declared a cash dividend of $0.3800 on Apr 27, 2016. The shares will quote ex-dividend on Jun 28, 2016 and the record date has been fixed on Jun 30, 2016. The dividend payable date has been fixed on Jul 29, 2016.

STRYKER CORP COM(SYK) last announced its earnings results on Apr 20, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $2.50B. Analysts had an estimated revenue of $2.47B. Earnings per share were $1.24. Analysts had estimated an EPS of $1.20.

Several Insider Transactions has been reported to the SEC. On Jun 8, 2016, Srikant Datar (director) sold 6,565 shares at $113.90 per share price.Also, On Jun 7, 2016, Ronda E Stryker (director) sold 12,000 shares at $113.47 per share price.On Jun 2, 2016, Timothy J Scannell (Group President) sold 9,945 shares at $110.72 per share price, according to the Form-4 filing with the securities and exchange commission.

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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