STERIS' (STE) Growth Picture Impressive Amid Rising Costs
Zacks Investment Research | Feb 25, 2020 10:09PM ET
On Feb 25, we issued an updated research report on STERIS plc (NYSE:STE) . The company has been actively trying to expand into the adjacent markets, and strengthen its core business through acquisitions and divestments. However, a tough competitive landscape and currency headwinds persistently pose threats to STERIS. The stock currently carries a Zacks Rank #2 (Buy).
Over the past three months, shares of STERIS have outperformed its industry . The stock has rallied 10.8% compared with 5% rise of the industry.
STERIS exited third-quarter fiscal 2020 with better-than-expected results. The company witnessed solid revenue growth across each of its operating segments, which is encouraging.
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