Currently, there are 1.31B common shares owned by the public and among those 1.28B shares have been available to trade.
The company’s stock has a 5-day price change of -4.84% and -11.38% over the past three months. MDT shares are trading -6.39% year to date (YTD), with the 12-month market performance down to -11.12% lower. It has a 12-month low price of $68.84 and touched a high of $91.00 over the same period. MDT has an average intraday trading volume of 6.34 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.17%, -5.70%, and -4.90% respectively.
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Institutional ownership of Medtronic Plc (NYSE: MDT) shares accounts for 88.77% of the company’s 1.31B shares outstanding.
It has a market capitalization of $98.89B and a beta (3y monthly) value of 0.83. The stock’s trailing 12-month PE ratio is 27.92, while the earnings-per-share (ttm) stands at $2.76. The company has a PEG of 6.34 and a Quick Ratio of 1.55 with the debt-to-equity ratio at 0.52. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.89% over the week and 1.70% over the month.
Earnings per share for the fiscal year are expected to increase by 4.70%, and 7.05% over the next financial year. EPS should grow at an annualized rate of 4.40% over the next five years, compared to -4.12% over the past 5-year period.
Looking at the support for the MDT, a number of firms have released research notes about the stock. Goldman stated their Sell rating for the stock in a research note on May 30, 2024, with the firm’s price target at $83. Robert W. Baird coverage for the Medtronic Plc (MDT) stock in a research note released on July 19, 2023 offered a Neutral rating with a price target of $90. CL King was of a view on June 30, 2023 that the stock is Buy, while Morgan Stanley gave the stock Overweight rating on May 30, 2023, issuing a price target of $104. Wells Fargo on their part issued Overweight rating on April 24, 2023.
