Company Update: Stryker Corporation (NYSE:SYK) – Stryker to Participate in 34th Annual J.P. Morgan Healthcare Conference

[GlobeNewswire] – Kalamazoo, Michigan – January 4, 2016 – Stryker Corporation (NYSE:SYK) will participate in the 34th Annual J.P. Morgan Healthcare Conference on Wednesday, January 13, 2016 at the Westin St. Francis Hotel … Read more on this. Stryker Corporation (SYK) , valued at $33.96B, started trading this morning at $91.47. Today’s price range has been between $89.58 and $91.54 per share and has traded between $89.58 and $105.34 over the past 12 months. Priced at 18.19x this year’s forecasted earnings, SYK shares are relatively expensive compared to the industry’s 11.61x forward p/e ratio. The company pays shareholders $1.52 per share in dividend income per year, for a current yield of 1.64%. Consensus earnings for the current quarter by the 27 sell-side analysts covering the stock is an estimate of $1.55 per share, which would be $0.11 better than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $5.11 would be a $0.38 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.71 Billion. If realized, that would be a 3.44% increase over the year-ago quarter. In terms of ratings, Goldman downgraded SYK from Buy to Neutral (Nov 13, 2015). Previously, Citigroup Initiated SYK at to Sell. When considering if the stock is under or overvalued, the average price target is $106.75, which is 16.70% above where the stock opened this morning. See more in (NYSE:SYK) Similar Articles: Stock Update (NYSE:SYK): Stryker to Participate in 2015 Morgan Stanley Global Healthcare Conference Company Update: Stryker Corporation (NYSE:SYK) – Stryker to Participate in 2015 Wells Fargo Securities Healthcare Conference Stock Update: Stryker Corporation (NYSE:SYK) – Stryker to Participate in Canaccord Genuity 35th Annual Growth Conference