Medtronic Plc [NYSE: MDT] loss -0.31% on the last trading session, reaching $90.32 price per share at the time.
If compared to the average trading volume of 5.96M shares, MDT reached a trading volume of 7273476 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about 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 $94.92 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 2.32. 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.
RBC Capital Mkts have made an estimate for Medtronic Plc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 10, 2024. While these analysts kept the previous recommendation, Oppenheimer raised their target price from $92 to $94. The new note on the price target was released on August 21, 2024, representing the official price target for Medtronic Plc stock. Previously, the target price had yet another raise from $76 to $90, while UBS kept a Neutral rating on MDT stock. On August 14, 2024, analysts decreased their price target for MDT shares from 100 to 85.
The Average True Range (ATR) for Medtronic Plc is set at 1.27, with the Price to Sales ratio for MDT stock in the period of the last 12 months amounting to 3.56. The Price to Book ratio for the last quarter was 2.42, with the Price to Cash per share for the same quarter was set at 6.12. Price to Free Cash Flow for MDT in the course of the last twelve months was 22.51 with Quick ratio for the last quarter at 1.61.
Trading performance analysis for MDT stock
Medtronic Plc [MDT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.88. With this latest performance, MDT shares gained by 0.32% in over the last four-week period, additionally plugging by 12.56% over the last 6 months – not to mention a rise of 30.09% 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 52.81, with the RSI for the last a single of trading hit 50.11, and the three-weeks RSI is set at 54.49 for Medtronic Plc [MDT]. The present Moving Average for the last 50 days of trading for this stock 89.45, while it was recorded at 90.95 for the last single week of trading, and 84.35 for the last 200 days.
Medtronic Plc [MDT]: A deeper dive into fundamental analysis
Medtronic Plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.61 and a Current Ratio set at 2.13.
Medtronic Plc [MDT]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Medtronic Plc posted 1.25/share EPS, while the average EPS was predicted by analysts to be reported at 1.18/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.07. 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 5.00%.
An analysis of Institutional ownership at Medtronic Plc [MDT]
There are presently around $85.83%, or 86.06%% of MDT stock, in the hands of institutional investors. The top three institutional holders of MDT stocks are: VANGUARD GROUP INC with ownership of 126.61 million shares, which is approximately 9.5358%. BLACKROCK INC., holding 111.89 million shares of the stock with an approximate value of $$8.81 billion in MDT stocks shares; and BLACKROCK INC., currently with $$4.78 billion in MDT stock with ownership which is approximately 4.535%.
