Medtronic - MDT Stock Forecast, Price & News

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Medtronic in the last twelve months. There are currently 1 sell rating, 11 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MDT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MDT, but not buy additional shares or sell existing shares.
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19 brokerages have issued 12-month target prices for Medtronic's shares. Their MDT share price forecasts range from $85.00 to $136.00. On average, they anticipate the company's share price to reach $111.52 in the next twelve months. This suggests a possible upside of 34.9% from the stock's current price.
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Medtronic's stock was trading at $103.45 at the beginning of 2022. Since then, MDT stock has decreased by 20.1% and is now trading at $82.66.
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Medtronic saw a increase in short interest in August. As of August 31st, there was short interest totaling 9,430,000 shares, an increase of 7.9% from the August 15th total of 8,740,000 shares. Based on an average daily volume of 5,510,000 shares, the short-interest ratio is currently 1.7 days. Approximately 0.7% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 22nd 2022.
View our MDT earnings forecast.

Medtronic plc (NYSE:MDT) issued its earnings results on Tuesday, August, 23rd. The medical technology company reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.01. The medical technology company earned $7.37 billion during the quarter, compared to the consensus estimate of $7.20 billion. Medtronic had a net margin of 16.75% and a trailing twelve-month return on equity of 13.64%. During the same period in the previous year, the business posted $1.41 earnings per share.
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Medtronic announced a quarterly dividend on Thursday, August 18th. Investors of record on Friday, September 23rd will be paid a dividend of $0.68 per share on Friday, October 14th. This represents a $2.72 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Thursday, September 22nd.
Read our dividend analysis for MDT.

Medtronic (NYSE:MDT) pays an annual dividend of $2.72 per share and currently has a dividend yield of 3.29%. The company has been increasing its dividend for 45 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 70.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MDT will have a dividend payout ratio of 46.66% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MDT.

Medtronic updated its FY 2023 earnings guidance on Tuesday, September, 20th. The company provided earnings per share guidance of $5.53-$5.65 for the period, compared to the consensus earnings per share estimate of $5.56. The company issued revenue guidance of -.

1,925 employees have rated Medtronic Chief Executive Officer Omar S. Ishrak on Glassdoor.com. Omar S. Ishrak has an approval rating of 92% among the company's employees. This puts Omar S. Ishrak in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Medtronic investors own include Johnson & Johnson (JNJ), AT&T (T), NVIDIA (NVDA), AbbVie (ABBV), Walt Disney (DIS), Cisco Systems (CSCO), Intel (INTC), CVS Health (CVS), Home Depot (HD) and Walmart (WMT).

Medtronic trades on the New York Stock Exchange (NYSE) under the ticker symbol "MDT."

Medtronic's stock is owned by a variety of retail and institutional investors. Top institutional investors include State Street Corp (4.33%), Massachusetts Financial Services Co. MA (2.79%), Franklin Resources Inc. (1.85%), Lazard Asset Management LLC (1.20%), Northern Trust Corp (1.09%) and Wells Fargo & Company MN (1.01%). Insiders that own company stock include Bradley E Lerman, Brett A Wall, Brett A Wall, Carol A Surface, Carol A Surface, Geoffrey Martha, Hoedt Rob Ten, John R Liddicoat, Karen L Parkhill, Karen L Parkhill, Michael J Coyle, Omar Ishrak, Richard H Anderson, Richard H Anderson, Richard Kuntz, Robert John White and Sean Salmon.
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Shares of MDT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MDT stock can currently be purchased for approximately $82.66.

Medtronic (NYSE:MDT) has a market capitalization of $109.87 billion and generates $31.69 billion in revenue each year. The medical technology company earns $5.04 billion in net income (profit) each year or $3.87 on an earnings per share basis.

The company employs 95,000 workers across the globe.

Medtronic's mailing address is 20 ON HATCH LOWER HATCH STREET, DUBLIN L2, D02. The official website for the company is www.medtronic.com. The medical technology company can be reached via phone at (531) 438-1700, via email at investor.relations@medtronic.com, or via fax at 763-514-4879.