Stock Update: Stryker Corporation (NYSE:SYK) – Stryker completes the acquisition of Synergetics USA, Inc.’s Neuro Portfolio

[GlobeNewswire] – Kalamazoo, Michigan – April 1, 2016 – Stryker Corporation ( NYSE:SYK ) announced today the completion of its previously announced acquisition of Synergetics USA, Inc.`s Neuro Portfolio. The portfolio includes … Read more on this. Stryker Corporation (SYK) , valued at $40.50B, began trading this morning at $106.72. Looking at the stock, its one day range is $106.26 to $109.01 with a one year range of $86.68 to $109.01. SYK shares are currently priced at 18.76x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.26x earnings multiple. The company pays shareholders $1.52 per share annually in dividends, yielding 1.45%. In a review of the consensus earnings estimate this quarter, 26 sell-side analysts are looking at $1.20 per share, which would be $0.09 better than the year-ago quarter and a $0.04 sequential decrease. Investors should also note that the full-year EPS estimate of $5.60 is a $0.48 better when compared to the previous year’s annual results. 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. More recently, Nomura Initiated SYK at Neutral (Mar 17, 2016). Previously, Goldman downgraded SYK from Buy to Neutral. With the above information in mind, readers should note that the average price target is $108.77, which is 1.92% above where the stock opened this morning. See more in (NYSE:SYK) Similar Articles: Stock Update: Stryker Corporation (NYSE:SYK) – Stryker Announces Definitive Agreement to Acquire Physio-Control International, Inc. for $1.28 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