In yesterday’s Wall Street session, Medtronic Plc (NYSE:MDT) shares traded at $85.40, up 0.18% from the previous session.
MDT stock price is now 1.39% away from the 50-day moving average and 1.51% away from the 200-day moving average. The market capitalization of the company currently stands at $109.51B.
With the price target enhanced from $98 to $105, RBC Capital Mkts Upgraded its rating from Sector Perform to Outperform for Medtronic Plc (NYSE: MDT). On August 21, 2024, Oppenheimer reiterated its ‘Perform’ rating on the stock by increasing its target price from $92 to quote $94, while ‘UBS’ rates the stock as ‘Neutral’
In other news, Wall Brett A., EVP & Pres Neuroscience sold 9,850 shares of the company’s stock on Jan 08 ’25. The stock was sold for $792,038 at an average price of $80.41. Upon completion of the transaction, the EVP & Pres Neuroscience now directly owns 40,708 shares in the company, valued at $3.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 08 ’25, Officer Wall Brett A. bought 9,850 shares of the business’s stock. A total of $792,038 was incurred on buying the stock at an average price of $80.41. A total of 0.08% of the company’s stock is owned by insiders.
During the past 12 months, Medtronic Plc has had a low of $75.96 and a high of $92.68. As of last week, the company has a debt-to-equity ratio of 0.58, a current ratio of 1.84, and a quick ratio of 1.39. According to the stock market information, the enterprise value for the company is $132568342528, which is based on a 26.06 price-to-earnings ratio, a 4.54 price-to-earnings-growth ratio, and a beta of 0.84. The fifty day moving average price for MDT is $84.3082 and a two-hundred day moving average price translates $84.1372 for the stock.
The latest earnings results from Medtronic Plc (NYSE: MDT) was released for 2024-07-26. The net profit margin was 13.00% and return on equity was 8.58% for MDT. The company reported revenue of $7.92 billion for the quarter, compared to $7.7 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.77 percent. For the current quarter, analysts expect MDT to generate $8.33B in revenue.
