RBC Capital Remains a Buy on Stryker (SYK)
RBC Capital analyst Shagun Singh Chadha reiterated a Buy rating on Stryker today and set a price target of $435.00.
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According to TipRanks, Singh Chadha is a 4-star analyst with an average return of 2.7% and a 52.62% success rate. Singh Chadha covers the Healthcare sector, focusing on stocks such as Inspire Medical Systems, Dexcom, and Becton Dickinson.
In addition to RBC Capital, Stryker also received a Buy from Citi’s Joanne Wuensch in a report issued yesterday. However, on February 24, UBS maintained a Hold rating on Stryker (NYSE: SYK).
Based on Stryker’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.17 billion and a net profit of $849 million. In comparison, last year the company earned a revenue of $6.44 billion and had a net profit of $546 million
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SYK in relation to earlier this year. Last month, Ronda Stryker, a Director at SYK sold 500,000.00 shares for a total of $181,717,233.87.
Read More on SYK:
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