Medtronic plc [MDT] Stock trading around $100.31 per share: What’s Next?

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Medtronic plc [NYSE: MDT] stock went on an upward path that rose over 0.73% on Tuesday, amounting to a one-week price decrease of less than -2.72%. The company report on May 5, 2022 that Medtronic Jumps to No. 10 on the DiversityInc Top 50 Companies List.

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The company earns its highest-ever ranking on the prestigious list.

Over the last 12 months, MDT stock dropped by -19.89%. The one-year Medtronic plc stock forecast points to a potential upside of 19.5. The average equity rating for MDT stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $136.00 billion, with 1.34 billion shares outstanding and 1.34 billion shares in the current float. Compared to the average trading volume of 6.11M shares, MDT stock reached a trading volume of 5609831 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Medtronic plc [MDT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MDT shares is $124.61 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MDT stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Truist have made an estimate for Medtronic plc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on April 13, 2022. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on March 02, 2022, representing the official price target for Medtronic plc stock. On January 07, 2022, analysts decreased their price target for MDT shares from 145 to 120.

The Average True Range (ATR) for Medtronic plc is set at 2.62, with the Price to Sales ratio for MDT stock in the period of the last 12 months amounting to 4.28. The Price to Book ratio for the last quarter was 2.57, with the Price to Cash per share for the same quarter was set at 8.28. Price to Free Cash Flow for MDT in the course of the last twelve months was 57.70 with Quick ratio for the last quarter at 2.10.

MDT Stock Performance Analysis:

Medtronic plc [MDT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.72. With this latest performance, MDT shares dropped by -10.81% in over the last four-week period, additionally sinking by -18.46% over the last 6 months – not to mention a drop of -19.89% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MDT stock in for the last two-week period is set at 35.12, with the RSI for the last a single of trading hit 31.05, and the three-weeks RSI is set at 38.53 for Medtronic plc [MDT]. The present Moving Average for the last 50 days of trading for this stock 107.73, while it was recorded at 102.74 for the last single week of trading, and 115.03 for the last 200 days.

Insight into Medtronic plc Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Medtronic plc [MDT] shares currently have an operating margin of +18.38 and a Gross Margin at +59.70. Medtronic plc’s Net Margin is presently recorded at +11.97.

Return on Total Capital for MDT is now 7.11, given the latest momentum, and Return on Invested Capital for the company is 4.74. Return on Equity for this stock inclined to 7.06, with Return on Assets sitting at 3.92. When it comes to the capital structure of this company, Medtronic plc [MDT] has a Total Debt to Total Equity ratio set at 53.29. Additionally, MDT Total Debt to Total Capital is recorded at 34.76, with Total Debt to Total Assets ending up at 29.44. Long-Term Debt to Equity for the company is recorded at 52.90, with the Long-Term Debt to Total Capital now at 34.51.

Reflecting on the efficiency of the workforce at the company, Medtronic plc [MDT] managed to generate an average of $40,067 per employee. Receivables Turnover for the company is 5.96 with a Total Asset Turnover recorded at a value of 0.33.Medtronic plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 2.60.

MDT Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MDT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Medtronic plc go to 12.16%.

Medtronic plc [MDT] Insider Position Details

There are presently around $108,643 million, or 83.60% of MDT stock, in the hands of institutional investors. The top three institutional holders of MDT stocks are: VANGUARD GROUP INC with ownership of 113,153,710, which is approximately 0.581% of the company’s market cap and around 0.23% of the total institutional ownership; BLACKROCK INC., holding 107,903,362 shares of the stock with an approximate value of $10.75 billion in MDT stocks shares; and STATE STREET CORP, currently with $5.77 billion in MDT stock with ownership of nearly 2.822% of the company’s market capitalization.

Positions in Medtronic plc stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 1,188 institutional holders increased their position in Medtronic plc [NYSE:MDT] by around 72,405,695 shares. Additionally, 834 investors decreased positions by around 58,430,741 shares, while 215 investors held positions by with 960,177,824 shares. The mentioned changes placed institutional holdings at 1,091,014,260 shares, according to the latest SEC report filing. MDT stock had 213 new institutional investments in for a total of 9,843,433 shares, while 136 institutional investors sold positions of 7,728,534 shares during the same period.