Company Update (NYSE:SYK): Stryker to participate in Bank of America Merrill Lynch 2016 Health Care Conference

[GlobeNewswire] – Kalamazoo, Michigan – May 2, 2016 – Stryker Corporation ( NYSE:SYK ) will participate in the Bank of America Merrill Lynch 2016 Health Care Conference on Tuesday, May 10, 2016 at the Encore at Wynn Hotel … Read more on this. Stryker Corporation (SYK) , valued at $40.89B, started trading this morning at $109.33. Looking at today’s trading action, the company’s one day range from $109.02 to $110.22 with its 52-week range being $86.68 to $113.85. SYK shares are currently priced at 19.02x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 4.45x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.52 per share annually in dividends, yielding 1.39%. According to a consensus of 26 analysts, the earnings estimate of $1.36 per share would be $0.16 better than the year-ago quarter and a $0.05 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $5.76 would be a $0.64 better 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 $2.78 Billion. If realized, that would be a 14.40% increase over the year-ago quarter. In terms of ratings, Sterne Agee CRT upgraded SYK from Neutral to Buy (Apr 27, 2016). Previously, Robert W. Baird downgraded SYK from Outperform to Neutral. Investors should keep in mind is that the average price target is $116.50, which is 6.56% above where the stock opened this morning. See more in (NYSE:SYK) Similar Articles: Stock Update: AbbVie Inc (NYSE:ABBV) – AbbVie to Present at the Bank of America Merrill Lynch 2016 Global Health Care Conference Market Update (NYSE:SYK): Stryker reports first quarter 2016 results Company Update: Stryker Corporation (NYSE:SYK) – Stryker to Participate in 34th Annual J.P. Morgan Healthcare Conference