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After finishing at $90.11 in the prior trading day, Medtronic Plc (NYSE: MDT) closed at $88.12, down -2.21%. In other words, the price has decreased by -$2.21 from its previous closing price. On the day, 7.08 million shares were traded. MDT stock price reached its highest trading level at $89.5 during the session, while it also had its lowest trading level at $87.7.
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 14.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.97. For the most recent quarter (mrq), Quick Ratio is recorded 1.61 and its Current Ratio is at 2.13. In the meantime, Its Debt-to-Equity ratio is 0.58 whereas as Long-Term Debt/Eq ratio is at 0.55.
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 the company, RBC Capital Mkts on October 10, 2024, Upgraded its rating to Outperform and sets its target price to $105 from $98 previously.
On August 21, 2024, Oppenheimer reiterated its Perform rating and also lowered its target price recommendation from $92 to $94.
UBS Upgraded its Sell to Neutral on August 15, 2024, whereas the target price for the stock was revised from $76 to $90.
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 Oct 31 ’24 when PARKHILL KAREN L bought 30,000 shares for $89.73 per share.
PARKHILL KAREN L bought 15,000 shares of MDT for $1,358,740 on Oct 30 ’24. On Oct 29 ’24, another insider, PARKHILL KAREN L, who serves as the Former BOD of the company, bought 15,000 shares for $91.16 each.
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 115574661120 and an Enterprise Value of 133248065536. As of this moment, Medtronic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.65, and their Forward P/E ratio for the next fiscal year is 15.05. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.47 while its Price-to-Book (P/B) ratio in mrq is 2.36. Its current Enterprise Value per Revenue stands at 4.09 whereas that against EBITDA is 14.784.
Stock Price History:
Over the past 52 weeks, MDT has reached a high of $92.68, while it has fallen to a 52-week low of $69.32. The 50-Day Moving Average of the stock is -1.74%, while the 200-Day Moving Average is calculated to be 4.31%.
Shares Statistics:
The stock has traded on average 5.90M shares per day over the past 3-months and 5148950 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 0.08% of the company’s shares, while institutions hold 85.18% stake in the company. Shares short for MDT as of 1728950400 were 10766623 with a Short Ratio of 1.82, compared to 1726185600 on 12695601. Therefore, it implies a Short% of Shares Outstanding of 10766623 and a Short% of Float of 0.84.
Dividends & Splits
In the trailing 12 months, MDT’s forward annual dividend rate was 2.77, compared to 2.78 this year. Against a Trailing Annual Dividend Yield of 0.030740205The stock’s 5-year Average Dividend Yield is 2.65.
