Market Update (NYSE:SYK): Stryker Announces the Retirement of William R. Jellison and the promotion of Glenn S. Boehnlein to Vice President, Chief Financial Officer

[GlobeNewswire] – Kalamazoo, Michigan – January 26, 2016 – Stryker Corporation (NYSE: SYK) announced today that William R. Jellison will retire from his role as Vice President, Chief Financial Officer. Bill`s decision follows … Read more on this. Stryker Corporation (SYK) , with a current market cap of $36.10B, opened at $94.50. Shares have traded today between $94.01 and $96.16 per share and has traded between $86.68 and $105.34 over the past 12 months. SYK shares are currently priced at 18.48x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 4.28x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.52 per share annually in dividends, yielding 1.62%. In a review of the consensus earnings estimate this quarter, 27 sell-side analysts are looking at $1.55 per share, which would be $0.11 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $5.11, which would be a $0.38 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.71 Billion. If realized, that would be a 3.44% increase over the year-ago quarter. More recently, Goldman downgraded SYK from Buy to Neutral (Nov 13, 2015). Previously, Citigroup Initiated SYK at to Sell. The average price target for SYK shares is $106.10, which is 12.28% above where the stock opened this morning. See more in (NYSE:SYK) Similar Articles: Stock Update: Stryker Corporation (NYSE:SYK) – Stryker Provides 2015 Preliminary Sales Results and Increases Adjusted Earnings Guidance Company Update: Stryker Corporation (NYSE:SYK) – Stryker to Participate in 34th Annual J.P. Morgan Healthcare Conference Stock Update: Stryker Corporation (NYSE:SYK) – Stryker Corporation Announces Pricing of $750 Million Senior Notes Offering