Medtronic Plc [NYSE: MDT] closed the trading session at $83.58.
The stocks have a year to date performance of 1.46 percent and weekly performance of -2.49 percent. The stock has been moved at 1.99 percent over the last six months. The stock has performed -4.72 percent around the most recent 30 days and changed -7.49 percent over the most recent 3-months.
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If compared to the average trading volume of 6.09M shares, MDT reached to a volume of 5095387 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $94.79 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 1.37, with the Price to Sales ratio for MDT stock in the period of the last 12 months amounting to 3.25. The Price to Book ratio for the last quarter was 2.21, with the Price to Cash per share for the same quarter was set at 6.23. Price to Free Cash Flow for MDT in the course of the last twelve months was 19.49 with Quick ratio for the last quarter at 1.39.
MDT stock trade performance evaluation
Medtronic Plc [MDT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.49. With this latest performance, MDT shares dropped by -4.72% in over the last four-week period, additionally plugging by 1.99% over the last 6 months – not to mention a rise of 5.33% 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 33.10, with the RSI for the last a single of trading hit 27.92, and the three-weeks RSI is set at 36.88 for Medtronic Plc [MDT]. The present Moving Average for the last 50 days of trading for this stock 88.07, while it was recorded at 84.20 for the last single week of trading, and 84.48 for the last 200 days.
Medtronic Plc [MDT]: An insightful look at the core fundamentals
Medtronic Plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.39 and a Current Ratio set at 1.84.
Earnings per share (EPS) analysis for Medtronic Plc [MDT] stock
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 5.75%.
Medtronic Plc [MDT]: Institutional Ownership
There are presently around $85.42%, or 85.64%% 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%.
