Research Alert: CFRA Retains Buy Rating On Steris Plc
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We maintain our 12-month target price at $275, based on 22.7x our new FY 28 EPS forecast, below STE's five-year average forward P/E multiple of 24.2x We keep our FY 27 EPS view at $11.22, which stands above the midpoint of the newly initiated guidance range of $11.10-$11.30, representing a solid 9%-11% Y/Y growth. We start our 2028 EPS estimate at $12.09. STE reported a solid close to its fiscal year 2026, characterized by robust revenue and earnings growth. For FY 26, the company posted a solid 9% Y/Y increase in revenue and adjusted earnings per share grew to $10.17 from $9.22. We expect this solid momentum to carry into FY 27 with 8% Y/Y top-line sales growth amid a more complex operating environment with broad-based growth across the three segments as we see healthy demand. Procedure volumes growth is a key driver for the company, and we see solid growth for the fiscal year ahead, supporting demand for STE's products and services catered for patient care and infection prevention.
