The price of Medtronic Plc (NYSE:MDT) shares last traded on Wall Street rose 0.55% to $83.70.
MDT stock price is now -1.90% away from the 50-day moving average and 1.99% away from the 200-day moving average. The market capitalization of the company currently stands at $111.14B.
With the price target of $90, Robert W. Baird recently initiated with Neutral rating for Medtronic Plc (NYSE: MDT). On June 30, 2023, CL King recently initiated its ‘Buy’ rating on the stock quoting a target price of $106, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, Salmon Sean, EVP & President Cardiovascular sold 30,695 shares of the company’s stock on Feb 21 ’24. The stock was sold for $2,613,055 at an average price of $85.13. Upon completion of the transaction, the EVP & President Cardiovascular now directly owns 48,289 shares in the company, valued at $4.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 19 ’23, EVP & Pres Neuroscience Wall Brett A. sold 4,997 shares of the business’s stock. A total of $410,603 was realized by selling the stock at an average price of $82.17. This leaves the insider owning 28,910 shares of the company worth $2.42 million. A total of 0.07% of the company’s stock is owned by insiders.
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 2.30, and a quick ratio of 1.71. According to the stock market information, the enterprise value for the company is $128.00B, which is based on a 26.55 price-to-earnings ratio, a 7.63 price-to-earnings-growth ratio, and a beta of 0.77. The fifty day moving average price for MDT is $85.25 and a two-hundred day moving average price translates $82.07 for the stock.
The latest earnings results from Medtronic Plc (NYSE: MDT) was released for Jan, 2024. According to the Medical Devices Company, earnings per share came in at $1.3, beating analysts’ expectations of $1.26 by 0.04. This compares to $0.92 EPS in the same period last year. The net profit margin was 13.00% and return on equity was 8.14% for MDT. The company reported revenue of $8.09 billion for the quarter, compared to $7.73 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.68 percent. For the current quarter, analysts expect MDT to generate $8.44B in revenue.
