Report
Debbie Wang
EUR 100.00 For Business Accounts Only

Stryker Delivers Another Stellar Quarter Thanks to Mako and Neurotechnology; Raising Our FVE

Stryker’s third-quarter results again demonstrated how well the firm has melded smart strategy with top-notch execution. While the year-to-date performance has consistently tracked along with our expectations and we’re not altering our underlying assumptions, we have modestly raised our fair value estimate to reflect cash flows realized since our last update. We continue to be fans of Stryker’s wide moat, though shares have consistently traded above our intrinsic value for the past two and a hal...
Underlying
STRYKER CORPORATION

Stryker is a medical technology company. The company provides products and services in orthopaedics, medical and surgical, and neurotechnology and spine. The company's Orthopaedics products consist of implants used in hip and knee joint replacements and trauma and extremities surgeries. The company's MedSurg products include surgical equipment and navigation systems, endoscopic and communications systems, patient handling, emergency medical equipment and intensive care disposable products, reprocessed and remanufactured medical devices and other medical device products used in a range of medical specialties. The company's Neurotechnology and Spine products include neurosurgical, neurovascular, and spinal implant devices.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Debbie Wang

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