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 5.33% and 8.57% over the past three months. MDT shares are trading 8.45% year to date (YTD), with the 12-month market performance up to 10.21% higher. It has a 12-month low price of $68.84 and touched a high of $89.24 over the same period. MDT has an average intraday trading volume of 6.54 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 7.84%, 10.85%, and 8.81% respectively.
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Institutional ownership of Medtronic Plc (NYSE: MDT) shares accounts for 87.31% of the company’s 1.31B shares outstanding.
It has a market capitalization of $114.59B and a beta (3y monthly) value of 0.85. The stock’s trailing 12-month PE ratio is 30.09, while the earnings-per-share (ttm) stands at $2.97. The company has a PEG of 5.46 and a Quick Ratio of 1.61 with the debt-to-equity ratio at 0.58. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.48% over the week and 1.99% over the month.
Earnings per share for the fiscal year are expected to increase by 4.88%, and 7.29% over the next financial year. EPS should grow at an annualized rate of 5.51% 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. Oppenheimer stated their Perform rating for the stock in a research note on August 21, 2024, with the firm’s price target at $92-$94. UBS coverage for the Medtronic Plc (MDT) stock in a research note released on August 15, 2024 offered a Neutral rating with a price target of $90. Stifel was of a view on August 14, 2024 that the stock is Hold, while Goldman gave the stock Sell rating on May 30, 2024, issuing a price target of $83. Robert W. Baird on their part issued Neutral rating on July 19, 2023.
