Stryker Corporation (NYSE:SYK) Given Price Target Of $125.375


As per Stryker Corporation (NYSE:SYK)’s news release on 2016-07-27, its shareholders will get cash dividend of $0.38 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-30 and 2016-10-31, respectively.

The stock will commence trading ex-dividend from 2016-09-28, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Stryker Corporation (NYSE:SYK) disbursed $0.38 in dividend compared to distribution of $0.38, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 12.3016%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Stryker Corporation (NYSE:SYK) to attain a price target of $125.375. It is an average estimate figure given by 16 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $138. The low price range is set at $88 for next year while the arithmetic mean is seen at 1.83.

Eyeing Earnings Stryker Corporation (NYSE:SYK) is likely to post quarterly numbers around 2016-10-27 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $1.38 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Stryker Corporation (NYSE:SYK) earnings came at $1.39 suggesting a deviation of $0.03. The brokerages targeted EPS of $1.36 for the quarter.

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