Market Update: Stryker Corporation (NYSE:SYK) – Stryker to participate in Goldman Sachs 37th Annual Global Healthcare Conference

[GlobeNewswire] – Kalamazoo, Michigan – May 31, 2016 – Stryker Corporation ( NYSE:SYK ) will participate in the Goldman Sachs 37th Annual Global Healthcare Conference on Tuesday, June 7, 2016 at the Terranea Resort in Rancho … Read more on this. Stryker Corporation (SYK) , valued at $41.38B, opened this morning at $111.35. Looking at today’s trading action, the company’s one day range from $110.58 to $111.99 with a trailing 52-week range being $86.68 to $113.85. Priced at 19.37x this year’s forecasted earnings, SYK shares are relatively expensive compared to the industry’s 11.30x forward p/e ratio. The company pays shareholders $1.52 per share annually in dividends, yielding 1.36%. In a review of the consensus earnings estimate this quarter, 26 sell-side analysts are looking at $1.36 per share, which would be $0.16 better than the year-ago quarter and a $0.05 sequential increase. The full-year EPS estimate is $5.76, which would be a $0.64 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.78 Billion. If reported, that would be a 14.40% increase over the year-ago quarter. Recently, Sterne Agee CRT upgraded SYK from Neutral to Buy (Apr 27, 2016). Previously, Robert W. Baird downgraded SYK from Outperform to Neutral. With the above information in mind, readers should note that the average price target is $116.50, which is 4.63% above where the stock opened this morning. See more in (NYSE:SYK) Similar Articles: Stock Update (NYSE:JNJ): Johnson & Johnson to Participate in the Goldman Sachs 37th Annual Global Healthcare Conference Company Update (NYSE:SYK): Stryker to participate in UBS 2016 Global Healthcare Conference Company Update: Stryker Corporation (NYSE:SYK) – Stryker to Participate in 34th Annual J.P. Morgan Healthcare Conference