Stock Update: Stryker Corporation (NYSE:SYK) – Stryker Announces Definitive Agreement to Acquire Physio-Control International, Inc. for $1.28 Billion

[GlobeNewswire] – Kalamazoo, Michigan – February 16, 2016 – Stryker Corporation (NYSE: SYK) announced today a definitive agreement to acquire 100% of the stock of Physio-Control International, Inc. (“Physio-Control”) … Read more on this. Stryker Corporation (SYK) , with a current value of $36.43B, began trading this morning at $98.45. A quick look at the market, the company’s stock traded between $96.99 and $98.45 and has traded between $86.68 and $105.34 over the past 12 months. SYK shares are currently priced at 17.14x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 4.02x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.52 per share annually in dividends, yielding 1.56%. In a review of the consensus earnings estimate this quarter, 26 sell-side analysts are looking at $1.21 per share, which would be $0.10 better than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $5.61 which would be a $0.49 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.47 Billion. If reported, that would be a 3.78% 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 $107.67, which is 9.37% above where the stock opened this morning. See more in (NYSE:SYK) Similar Articles: Company Update (NYSE:SYK): Stryker Announces Definitive Agreement to Acquire Sage Products, LLC from Madison Dearborn Partners for $2.775 Billion Stock Update: Stryker Corporation (NYSE:SYK) – Stryker Provides 2015 Preliminary Sales Results and Increases Adjusted Earnings Guidance Stock Update: Stryker Corporation (NYSE:SYK) – Stryker Corporation Announces Pricing of $750 Million Senior Notes Offering