Medtronic Plc (MDT) concluded trading on Wednesday at a closing price of $81.74, with 5.53 million shares of worth about $451.73 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.21% during that period and on August 14, 2024 the price saw a loss of about -0.64%. Currently the company’s common shares owned by public are about 1.31B shares, out of which, 1.28B shares are available for trading.
Stock saw a price change of 0.80% in past 5 days and over the past one month there was a price change of 4.66%. Year-to-date (YTD), MDT shares are showing a performance of -0.78% which decreased to -1.71% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $68.84 but also hit the highest price of $89.18 during that period. The average intraday trading volume for Medtronic Plc shares is 6.43 million. The stock is currently trading 1.49% above its 20-day simple moving average (SMA20), while that difference is up 1.99% for SMA50 and it goes to 0.26% higher than SMA200.
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Medtronic Plc (NYSE: MDT) currently have 1.31B outstanding shares and institutions hold larger chunk of about 89.66% of that.
The stock has a current market capitalization of $104.84B and its 3Y-monthly beta is at 0.84. PE ratio of stock for trailing 12 months is 29.60, while it has posted earnings per share of $2.76 in the same period. Its PEG reads 6.72 and has Quick Ratio of 1.55 while making debt-to-equity ratio of 0.52. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MDT, volatility over the week remained 1.53% while standing at 2.22% over the month.
Analysts are in expectations that Medtronic Plc (MDT) stock would likely to be making an EPS of 1.2 in the current quarter, while forecast for next quarter EPS is 1.26 and it is 5.82 for next year. For the current quarter EPS, analysts have given the company a lowest target 1.18 which is 1.21 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 1.2 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 4.69% while it is estimated to increase by 7.02% in next year. EPS is likely to grow at an annualized rate of 4.40% for next 5-years, compared to annual growth of -4.12% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stifel on Aug-15-24 offering a Hold rating for the stock and assigned a target price range of between $100 and $85 to it. Coverage by Goldman stated Medtronic Plc (MDT) stock as a Sell in their note to investors on May 30, 2024, suggesting a price target of $83 for the stock. On July 19, 2023, Robert W. Baird Initiated their recommendations, while on June 30, 2023, CL King Initiated their ratings for the stock with a price target of $106. Stock get an Overweight rating from Morgan Stanley on May 30, 2023.
