STERIS Stock Outlook: Is Wall Street Bullish or Bearish?

Mentor, Ohio-based STERIS plc (STE) provides infection prevention products and services worldwide. With a market cap of $23.4 billion, STERIS operates through Healthcare, Applied Sterilization Technologies (AST), and Life Sciences segments.

The medical equipment provider has substantially underperformed the broader market over the past year. Over the past 52 weeks, STE gained 2.7%, lagging behind the S&P 500 Index’s ($SPX) 24.3 returns. In 2024, STE is up 8.1% compared to SPX’s 17.2% gains on a YTD basis.