In recent trading session, Medtronic Plc (NYSE:MDT) saw 1.26 million shares changing hands at last check today with its beta currently measuring 0.84. Company’s recent per share price level of $90.10 trading at $0.71 or 0.79% at last check today assigns it a market valuation of $115.55B. That most recent trading price of MDT’s stock is at a discount of -1.54% from its 52-week high price of $91.49 and is indicating a premium of 23.6% from its 52-week low price of $68.84. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.23 million shares which gives us an average trading volume of 6.30 million if we extend that period to 3-months.
For Medtronic Plc (MDT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.39. Splitting up the data highlights that, out of 15 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 7 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 1.25 in the current quarter.
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Medtronic Plc (NYSE:MDT) trade information
Upright in the green today for gaining 0.79%, in the last five days MDT remained trading in the green while hitting it’s week-highest on Wednesday, 09/04/24 when the stock touched $90.10 price level, adding 1.52% to its value on the day. Medtronic Plc’s shares saw a change of 9.37% in year-to-date performance and have moved 2.17% in past 5-day. Medtronic Plc (NYSE:MDT) showed a performance of 11.11% in past 30-days. Number of shares sold short was 14.84 million shares which calculate 2.48 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 96 to the stock, which implies a rise of 6.15% to its recent value today. Analysts have been projecting 80 as a low price target for the stock while placing it at a high target of 165. It follows that stock’s current price would jump 11.21% in reaching the projected high whereas dropping to the targeted low would mean a gain of 11.21% for stock’s current value.
Medtronic Plc (MDT) estimates and forecasts
Statistics highlight that Medtronic Plc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 5.81% of value to its shares in past 6 months, showing an annual growth rate of 4.62% while that of industry is 15.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 3.80% from the last financial year’s standing.
25 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 8.26B for the same. And 25 analysts are in estimates of company making revenue of 8.4B in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -4.12% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 4.87% while estimates for its earnings growth in next 5 years are of 5.51%.
MDT Dividends
Medtronic Plc is more likely to be releasing its next quarterly report on 2024-Nov-19 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 3.07%, the share has a forward dividend of 2.77 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.61%.
Medtronic Plc (NYSE:MDT)’s Major holders
Insiders are in possession of 0.26% of company’s total shares while institution are holding 85.91 percent of that, with stock having share float percentage of 86.13%. Investors also watch the number of corporate investors in a company very closely, which is 85.91% institutions for Medtronic Plc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at MDT for having 126.61 million shares of worth $9.97 billion. And as of 2024-06-30, it was holding 9.5358 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 111.89 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.4275 of outstanding shares, having a total worth of $8.81 billion.
