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Last Price: 200.24 - Change: 1.23 - Change %: 0.6181
04/17/2024 16:10:00 EST

STERIS plc (STE)

Industry: Medical Devices

Price Support Resistance

In the past 20 trading days, STE has been trading in a range between $233.27 and $204.00 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

The AI powered stock chart is in a Red zone currently. We would avoid this stock.

Upside / Downside Potential

STERIS plc $STE entered a Red zone 17 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $242, a potential upside of 20.85% from the recent price of 200.24. Our AI powered stock target predictor currently has a target price of $158.58 a potential move of -21%. The stock is trading 25.94% (potential upside) below its 52 week high of $252.19 and 11.96 % (potential downside) above its 52 week low of $178.85 - based on the recent price.

Company Summary

STERIS plc provides infection prevention products and services worldwide It operates through four segments: Healthcare, Applied Sterilization Technologies, Life Sciences, and Dental. The Healthcare segment offers cleaning chemistries and sterility assurance products; automated endoscope reprocessing system and tracking products; endoscopy accessories, washers, sterilizers, and other pieces of capital equipment for the operation of a sterile processing department; and equipment used directly in the operating room, including surgical tables, lights, and connectivity solutions, as well as equipment management services.

STE Website

News

3 Medical Instruments Stocks to Buy Amid Improving Industry Trends
The Zacks Medical - Instruments industry is expected to gain from the rising adoption of smart healthcare options, including genAI. However, supply issues and staffing shortages continue to disrupt growth.
Source: Zacks Investment Research
Mon, 15 Apr 2024 12:21:06 -0400
Sentiment: Positive
PEAK ROCK CAPITAL AFFILIATE SIGNS DEFINITIVE AGREEMENT TO ACQUIRE HUFRIEDYGROUP
AUSTIN, Texas , April 11, 2024 /PRNewswire/ -- An affiliate of Peak Rock Capital ("Peak Rock"), a leading middle-market private equity firm, announced today that it has signed a definitive agreement to acquire the dental segment ("HuFriedyGroup" or the "Company") of STERIS plc (NYSE:STE) ("STERIS"). Founded in 1908, HuFriedyGroup is a leading global manufacturer of high-quality instruments, infection prevention products, instrument management systems, and conscious sedation products for the dental industry.
Source: PRNewsWire
Thu, 11 Apr 2024 07:30:00 -0400
Sentiment: Neutral
STERIS to Sell Dental Segment to an affiliate of Peak Rock Capital
DUBLIN, IRELAND, April 11, 2024 (GLOBE NEWSWIRE) -- ) - STERIS plc (NYSE: STE) (“STERIS” or the “Company”) today announced that the Company has entered into a definitive agreement to divest its Dental segment to Peak Rock Capital, a leading middle-market private investment firm, for $787.5 million (the “Transaction”). The Transaction is structured as an equity sale. The Transaction terms also include the opportunity for STERIS to receive an additional earnout of up to $12.5 million, subject to the achievement of certain revenue targets of the Dental segment in fiscal 2025. The Dental segment reported revenue of $407 million and contributed segment operating income of $86 million in the trailing twelve-month period ended December 31, 2023.
Source: GlobeNewsWire
Thu, 11 Apr 2024 06:58:00 -0400
Sentiment: Neutral
Here's Why Steris (STE) is Poised for a Turnaround After Losing -9.06% in 4 Weeks
The heavy selling pressure might have exhausted for Steris (STE) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Source: Zacks Investment Research
Tue, 09 Apr 2024 10:36:06 -0400
Sentiment: Neutral
Here's Why Investors Should Retain STERIS (STE) Stock for Now
Investors are optimistic about STERIS (STE) on strong Healthcare business performance and raised 2024 guidance.
Source: Zacks Investment Research
Thu, 28 Mar 2024 12:20:24 -0400
Sentiment: Positive
Instituions Institution %: 97.962
Last QTR Institution change: 1419047

Insiders
Insiders %: 0.272
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 2069
Insiders Net last QTR: -2069

Analyst Ratings
Target Price: 242
Overall Rating: 3.875
Strong Buys (5): 3
Buys (4): 1
Holds (3): 4
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 252.1869
52 Week Low: 178.846
Beta: 0.789
50 Day MA: 224.9048
200 Day MA: 220.4381

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0.145
Qtr Revenue Growth YOY: 0.148
Forward PE: 23.2558
Trailing PE: 34.9754

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