STERIS Stock: Is Wall Street Bullish or Bearish?

Valued at a market cap of $23.9 billion, STERIS plc (STE) provides infection prevention and surgical products and services, including surgical equipment, sterilizers, contamination control systems, and contract sterilization services. The Mentor, Ohio-based company serves healthcare providers, pharmaceutical companies, research facilities, and medical device manufacturers. 

This medical device company has underperformed the broader market over the past 52 weeks. Shares of STE have gained 7.1% over this time frame, while the broader S&P 500 Index ($SPX) has surged 10.2%. However, on a YTD basis, the stock is up 18.2%, considerably outpacing SPX’s 1.3% drop.