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Medtronic Plc (NYSE: MDT) closed the day trading at $78.10 up 1.32% from the previous closing price of $77.08. In other words, the price has increased by $1.32 from its previous closing price. On the day, 6.77 million shares were traded. MDT stock price reached its highest trading level at $78.2 during the session, while it also had its lowest trading level at $76.68.
Ratios:
For a better understanding of MDT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.26. 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 100145283072 and an Enterprise Value of 118393266176. As of this moment, Medtronic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.28, and their Forward P/E ratio for the next fiscal year is 13.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.09 while its Price-to-Book (P/B) ratio in mrq is 2.04. Its current Enterprise Value per Revenue stands at 3.658 whereas that against EBITDA is 13.073.
Stock Price History:
The Beta on a monthly basis for MDT is 0.83, which has changed by -0.09312588 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. 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 -3.83%, while the 200-Day Moving Average is calculated to be -3.46%.
Shares Statistics:
Over the past 3-months, MDT traded about 6.25M shares per day on average, while over the past 10 days, MDT traded about 5600040 shares per day. A total of 1.31B shares are outstanding, with a floating share count of 1.28B. Insiders hold about 0.08% of the company’s shares, while institutions hold 87.83% stake in the company. Shares short for MDT as of 1719532800 were 15223477 with a Short Ratio of 2.44, compared to 1717113600 on 13323566. Therefore, it implies a Short% of Shares Outstanding of 15223477 and a Short% of Float of 1.1900000000000002.
Dividends & Splits
MDT’s forward annual dividend rate is 2.77, up from 2.76 a year ago. Against a Trailing Annual Dividend Yield of 0.035806954The stock’s 5-year Average Dividend Yield is 2.57. The current Payout Ratio is 99.87% for MDT, which recently paid a dividend on 2024-06-28 with an ex-dividend date of 1719532800. Stock splits for the company last occurred on 1999-09-27 when the company split stock in a 2:1 ratio.
