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After finishing at $77.37 in the prior trading day, Medtronic Plc (NYSE: MDT) closed at $77.29, down -0.10%. In other words, the price has decreased by -$0.10 from its previous closing price. On the day, 2.84 million shares were traded. MDT stock price reached its highest trading level at $77.745 during the session, while it also had its lowest trading level at $77.085.
Ratios:
Our goal is to gain a better understanding of MDT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.06. For the most recent quarter (mrq), Quick Ratio is recorded 1.55 and its Current Ratio is at 2.03. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.49.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on May 30, 2024, initiated with a Sell rating and assigned the stock a target price of $83.
On July 19, 2023, Robert W. Baird started tracking the stock assigning a Neutral rating and target price of $90.
On June 30, 2023, CL King started tracking the stock assigning a Buy rating and target price of $106.CL King initiated its Buy rating on June 30, 2023, with a $106 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 07 ’24 when Martha Geoffrey sold 19,113 shares for $83.77 per share. The transaction valued at 1,601,001 led to the insider holds 143,348 shares of the business.
Marinaro Michael sold 854 shares of MDT for $71,002 on Apr 08 ’24. The EVP & President, Surgical OU now owns 27,925 shares after completing the transaction at $83.14 per share. On Feb 21 ’24, another insider, Salmon Sean, who serves as the EVP & President Cardiovascular of the company, sold 30,695 shares for $85.13 each. As a result, the insider received 2,613,055 and left with 48,289 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MDT now has a Market Capitalization of 98952773632 and an Enterprise Value of 117200756736. As of this moment, Medtronic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.99, and their Forward P/E ratio for the next fiscal year is 13.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.06 while its Price-to-Book (P/B) ratio in mrq is 2.02. Its current Enterprise Value per Revenue stands at 3.621 whereas that against EBITDA is 12.942.
Stock Price History:
Over the past 52 weeks, MDT has reached a high of $91.00, while it has fallen to a 52-week low of $68.84. The 50-Day Moving Average of the stock is -5.39%, while the 200-Day Moving Average is calculated to be -4.63%.
Shares Statistics:
The stock has traded on average 6.40M shares per day over the past 3-months and 7012320 shares per day over the last 10 days, according to various share statistics. A total of 1.31B shares are outstanding, with a floating share count of 1.28B. Insiders hold about 0.07% of the company’s shares, while institutions hold 88.79% stake in the company. Shares short for MDT as of 1718323200 were 16359975 with a Short Ratio of 2.56, compared to 1715731200 on 15331635. Therefore, it implies a Short% of Shares Outstanding of 16359975 and a Short% of Float of 1.25.
Dividends & Splits
In the trailing 12 months, MDT’s forward annual dividend rate was 2.76, compared to 2.77 this year. Against a Trailing Annual Dividend Yield of 0.03567274The stock’s 5-year Average Dividend Yield is 2.57.
