Fintel reports that on October 27, 2023, Piper Sandler maintained coverage of Steris (NYSE:STE) with a Neutral recommendation.
Analyst Price Forecast Suggests 17.89% Upside
As of October 5, 2023, the average one-year price target for Steris is 246.84. The forecasts range from a low of 222.20 to a high of $278.25. The average price target represents an increase of 17.89% from its latest reported closing price of 209.39.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Steris is 5,258MM, an increase of 3.38%. The projected annual non-GAAP EPS is 9.29.
What is the Fund Sentiment?
There are 1308 funds or institutions reporting positions in Steris. This is an increase of 11 owner(s) or 0.85% in the last quarter. Average portfolio weight of all funds dedicated to STE is 0.36%, an increase of 3.33%. Total shares owned by institutions decreased in the last three months by 1.21% to 108,180K shares. 
The put/call ratio of STE is 0.13, indicating a bullish outlook.
What are Other Shareholders Doing?
Massachusetts Financial Services holds 5,807K shares representing 5.88% ownership of the company. In it's prior filing, the firm reported owning 6,056K shares, representing a decrease of 4.29%. The firm increased its portfolio allocation in STE by 8.62% over the last quarter.
Wcm Investment Management holds 5,414K shares representing 5.48% ownership of the company. In it's prior filing, the firm reported owning 5,492K shares, representing a decrease of 1.45%. The firm decreased its portfolio allocation in STE by 5.76% over the last quarter.
APG Asset Management N.V. holds 3,385K shares representing 3.43% ownership of the company. In it's prior filing, the firm reported owning 3,387K shares, representing a decrease of 0.07%. The firm increased its portfolio allocation in STE by 11.27% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,098K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 3,073K shares, representing an increase of 0.82%. The firm increased its portfolio allocation in STE by 9.42% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 2,364K shares representing 2.39% ownership of the company. In it's prior filing, the firm reported owning 2,317K shares, representing an increase of 2.02%. The firm increased its portfolio allocation in STE by 8.72% over the last quarter.
Steris Background Information
(This description is provided by the company.)
STERIS’s MISSION IS TO HELP OUR CUSTOMERS CREATE A HEALTHIER AND SAFER WORLD by providing innovative healthcare and life science product and service solutions around the globe by providing innovative healthcare and life science product and service solutions around the globe.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
