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Stock Charts AI Power Rank: 9.3
Power Rank trend -> Rising
09/06/2024 16:10:00 EST
STERIS plc (STE)
Industry: Medical Devices
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, STE has been trading in a range between $240.53 and $229.77 (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.
STE is trading below resistance at $242.60, about 1% to the upside. There is support at $232.77 -3% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
STERIS plc $STE entered a Green zone 10 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $242, a potential upside of 0.91% from the recent price of 239.82. The stock is trading 2.26% (potential upside) below its 52 week high of $245.23 and 23.54 % (potential downside) above its 52 week low of $194.12 - based on the recent price.
Company Summary
STERIS plc provides infection prevention products and services worldwide It operates through three segments: Healthcare, Applied Sterilization Technologies (AST), and Life Sciences. 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 surgical tables, lights, and connectivity solutions, as well as equipment management services.
News
| Steris (STE) Up 3% Since Last Earnings Report: Can It Continue? Steris (STE) reported earnings 30 days ago. What's next for the stock? Source: Zacks Investment Research Thu, 05 Sep 2024 12:35:53 -0400 Sentiment: Positive |
| Reasons to Retain STERIS Stock in Your Portfolio for Now STE's strong prospects in the healthcare business arm bode well for investors. Source: Zacks Investment Research Wed, 04 Sep 2024 09:35:54 -0400 Sentiment: Positive |
| 15 Upcoming Dividend Increases Including A King This week, 15 companies, including Dividend King Stanley Black & Decker, are set to increase dividends, with SWK extending its 57-year streak by 1.2%. My strategy focuses on buying, holding, and adding companies that consistently increase dividends and outperform benchmarks, using SCHD as a performance gauge. The list of dividend increases is curated by merging data from the "U.S. Dividend Champions" spreadsheet and NASDAQ, emphasizing companies with at least five years of dividend growth. Source: Seeking Alpha Thu, 29 Aug 2024 16:51:26 -0400 Sentiment: Positive |
| STERIS to Present at the Morgan Stanley Healthcare Conference DUBLIN, IRELAND, Aug. 26, 2024 (GLOBE NEWSWIRE) -- STERIS plc (NYSE: STE) (“STERIS” or the “Company”) announced today that it will participate in the Morgan Stanley Healthcare Conference in New York City on Wednesday, September 4, 2024. Dan Carestio, President and CEO of STERIS will present at 1:50 p.m. Eastern Time. Source: GlobeNewsWire Mon, 26 Aug 2024 16:30:00 -0400 Sentiment: Neutral |
| Steris: Q2 Numbers Solidify Buy Thesis STE's Q1 FY'25 numbers were in line with expectations, with upsides in the healthcare and AST divisions. The company shows consistent free cash flow production and stable earnings on its capital base. I've revised our estimate on the intrinsic worth of the business to $270 per share, reiterating a buy. Source: Seeking Alpha Tue, 13 Aug 2024 09:51:55 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 245.2272 52 Week Low: 194.1222 Beta: 0.838 50 Day MA: 230.8856 200 Day MA: 221.8414 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.181 Qtr Revenue Growth YOY: 0.081 Forward PE: 26.178 Trailing PE: 42.371