Medtronic Plc (MDT) saw downtrend of -0.23% in the recent trading with $94.03 being its most recent. The current price level -2.31% lower than the highest price of $96.25 marked by the stock while trading over the past 52-weeks, whereas it is 18.59% higher than the lowest price of $79.29 the company dropped to over past 52-weeks. The latest news story on MDT appeared in (Motley Fool) under the title “Billionaire Phillipe Laffont Sold Coatue Management’s Stake in Super Micro Computer and Snapped Up This Surgical Robotics Pioneer That’s Up 19,390% Since Its IPO”.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 15 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.18 for the stock.
Medtronic Plc Earnings – What Happened With MDT
Coming around sales and income figures on MDT Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Medtronic Plc (MDT) last released financial results for the quarter that ended 10/31/2024, posting a surprise factor of 0.85% for net revenue.
MDT – Medtronic Plc Stock Earnings Estimates
The perspective of Medtronic Plc (NYSE:MDT)’s current quarter earnings identifies that analysts are in consensus over the estimate of 1.25 for stock’s EPS in the current quarter. Medtronic Plc (MDT) last released financial results for the quarter that ended 10/31/2024, posting a surprise factor of 0.85% for net revenue. Company’s EPS for the last quarter was 1.26.
Medtronic Plc – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 1.28 billion. MDT does have institutional investors; and they hold 86.47% of the stock.
As on 2024-06-30, VANGUARD GROUP INC was the top most holder in Medtronic Plc (NYSE:MDT) with an ownership of 126.61 million shares of the company or 9.7895 of the stake worth $9.97 billion. The filing also reveals BLACKROCK INC. as the second largest holder in the company with a control over 8.6517 of the outstanding shares. Its stake is worth $8.81 billion for having 111.89 million shares in hand.
STATE STREET CORP also came holding a key position in the company during the recent quarter and it now holds 4.6556 of the outstanding shares. With this there are now 2858.0 institutions which have possession in MDT’s shares.
Key Metrics for MDT
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Medtronic Plc has a debt to equity ratio of 0.60.
