When is the right time to cash out of Medtronic Plc [MDT] stock?

In yesterday’s Wall Street session, Medtronic Plc (NYSE:MDT) shares traded at $70.68, up 0.84% from the previous session.

As of this writing, 34 analysts cover Medtronic Plc (NYSE:MDT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $104.00 and a low of $68.00, we find $89.50. Given the previous closing price of $70.09, this indicates a potential upside of 27.69 percent. MDT stock price is now -7.14% away from the 50-day moving average and -14.30% away from the 200-day moving average. The market capitalization of the company currently stands at $94.04B.

There are 14 analysts who have given it a hold rating, whereas 11 have given it a buy rating. Brokers who have rated the stock have averaged $89.83 as their price target over the next twelve months.

With the price target of $90, Robert W. Baird recently initiated with Neutral rating for Medtronic Plc (NYSE: MDT).

In other news, Smith Gregory L, EVP Global Ops & Supply Chain sold 10,000 shares of the company’s stock on Aug 23. The stock was sold for $838,400 at an average price of $83.84. Upon completion of the transaction, the EVP Global Ops & Supply Chain now directly owns 46,723 shares in the company, valued at $3.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 14, EVP & Pres Neuroscience Wall Brett A. sold 1,000 shares of the business’s stock. A total of $83,380 was realized by selling the stock at an average price of $83.38. This leaves the insider owning 33,573 shares of the company worth $2.37 million. Insiders disposed of 98,851 shares of company stock worth roughly $6.99 million over the past 1 year. A total of 0.08% of the company’s stock is owned by insiders.

Friday morning saw Medtronic Plc (NYSE: MDT) opened at $70.43. During the past 12 months, Medtronic Plc has had a low of $68.84 and a high of $92.02. As of last week, the company has a debt-to-equity ratio of 0.49, a current ratio of 2.42, and a quick ratio of 1.79. According to the stock market information, the enterprise value for the company is $111.15B, which is based on a 26.03 price-to-earnings ratio, a 7.51 price-to-earnings-growth ratio, and a beta of 0.71. The fifty day moving average price for MDT is $75.90 and a two-hundred day moving average price translates $82.42 for the stock.

The latest earnings results from Medtronic Plc (NYSE: MDT) was released for Jul, 2023. According to the Medical Devices Company, earnings per share came in at $1.2, beating analysts’ expectations of $1.11 by 0.09. This compares to $0.70 EPS in the same period last year. The net profit margin was 11.47% and return on equity was 6.97% for MDT. The company reported revenue of $7.7 billion for the quarter, compared to $7.37 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.49 percent. For the current quarter, analysts expect MDT to generate $7.92B in revenue.

Medtronic Plc(MDT) Company Profile

Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients worldwide. Its Cardiovascular Portfolio segment offers implantable cardiac pacemakers, cardioverter defibrillators, and cardiac resynchronization therapy devices; cardiac ablation products; insertable cardiac monitor systems; TYRX products; and remote monitoring and patient-centered software. It also provides aortic valves, surgical valve replacement and repair products, endovascular stent grafts and accessories, and transcatheter pulmonary valves; and percutaneous coronary intervention products, percutaneous angioplasty balloons, and products. The company’s Medical Surgical Portfolio segment offers surgical stapling devices, vessel sealing instruments, wound closure, electrosurgery products, surgical artificial intelligence and robotic-assisted surgery products, hernia mechanical devices, mesh implants, gynecology and lung products, and various therapies to treat diseases, as well as products in the fields of minimally invasive gastrointestinal and hepatologic diagnostics and therapies, patient monitoring, airway management and ventilation therapies, and renal disease. Its Neuroscience Portfolio segment offers products for spinal surgeons; neurosurgeons; neurologists; pain management specialists; anesthesiologists; orthopedic surgeons; urologists; urogynecologists; interventional radiologists; ear, nose, and throat specialists; and systems that incorporate energy surgical instruments. It also provides image-guided surgery and intra-operative imaging systems and robotic guidance systems used in robot assisted spine procedures; and therapies for vasculature in and around the brain. The company’s Diabetes Operating Unit segment offers insulin pumps and consumables, continuous glucose monitoring systems, smart insulin pen systems, and consumables and supplies. The company was founded in 1949 and is headquartered in Dublin, Ireland.

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