Medtronic (NYSE:MDT) Receives "Buy (B-)" Rating from Weiss Ratings

Key Points

• Medtronic has received a "Buy (B-)" rating from Weiss Ratings, indicating positive sentiment among analysts regarding the stock.
• The stock's consensus target price is $101.63, with a consensus rating of "Moderate Buy," reflecting diverse ratings from various analysts.
• In the latest quarterly earnings report, Medtronic reported an EPS of $1.26, exceeding analysts' estimates and marking a 7.7% increase in revenue compared to the previous year.

Medtronic (NYSE:MDT - Get Free Report)'s stock had its "buy (b-)" rating restated by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Other equities analysts have also recently issued reports about the company. Evercore ISI upped their price objective on Medtronic from $103.00 to $106.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Argus increased their target price on Medtronic from $105.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Wall Street Zen cut Medtronic from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. The Goldman Sachs Group dropped their target price on Medtronic from $82.00 to $81.00 and set a "sell" rating for the company in a report on Wednesday, October 1st. Finally, Robert W. Baird increased their target price on Medtronic from $94.00 to $96.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $101.63.

Medtronic Price Performance

MDT opened at $97.88 on Wednesday. The stock has a 50-day moving average price of $93.31 and a 200-day moving average price of $88.65. Medtronic has a 12-month low of $79.29 and a 12-month high of $99.37. The company has a current ratio of 2.01, a quick ratio of 1.50 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $125.55 billion, a P/E ratio of 26.96, a PEG ratio of 2.59 and a beta of 0.78.

Medtronic (NYSE:MDT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The medical technology company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.03. Medtronic had a return on equity of 14.61% and a net margin of 13.63%.The firm had revenue of $8.58 billion during the quarter, compared to analysts' expectations of $8.37 billion. During the same period in the prior year, the business earned $1.23 EPS. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. Medtronic has set its FY 2026 guidance at 5.600-5.660 EPS. Equities analysts predict that Medtronic will post 5.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director William R. Jellison acquired 2,500 shares of Medtronic stock in a transaction that occurred on Monday, August 25th. The stock was bought at an average price of $92.37 per share, with a total value of $230,925.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at approximately $461,850. This represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Harry Skip Kiil sold 8,605 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $91.58, for a total value of $788,045.90. Following the transaction, the executive vice president directly owned 35,615 shares of the company's stock, valued at approximately $3,261,621.70. This trade represents a 19.46% decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MDT. 1248 Management LLC bought a new position in Medtronic during the 1st quarter valued at approximately $26,000. Delos Wealth Advisors LLC bought a new stake in shares of Medtronic in the 2nd quarter worth $27,000. Columbia River Financial Group LLC bought a new stake in shares of Medtronic in the 1st quarter worth $28,000. Twin Tree Management LP bought a new stake in shares of Medtronic in the 1st quarter worth $29,000. Finally, Activest Wealth Management increased its holdings in shares of Medtronic by 3,577.8% in the 1st quarter. Activest Wealth Management now owns 331 shares of the medical technology company's stock worth $30,000 after purchasing an additional 322 shares in the last quarter. Institutional investors own 82.06% of the company's stock.

Medtronic Company Profile

Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients worldwide. Its Cardiovascular Portfolio segment offers implantable cardiac pacemakers, cardioverter defibrillators, and cardiac resynchronization therapy devices; cardiac ablation products; insertable cardiac monitor systems; TYRX products; and remote monitoring and patient-centered software.

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