NYSE:MDT

Medtronic Stock Forecast, Price & News

$131.46
+0.20 (+0.15 %)
(As of 08/3/2021 12:00 AM ET)
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Today's Range
$130.48
$131.55
50-Day Range
$121.80
$131.46
52-Week Range
$95.97
$132.39
Volume3.07 million shs
Average Volume4.46 million shs
Market Capitalization$176.67 billion
P/E Ratio49.42
Dividend Yield1.92%
Beta0.8
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Medtronic logo

About Medtronic

Medtronic Plc is a medical technology company, which engages in the development, manufacture, distribution, and sale of device-based medical therapies and services. It operates through the following segments: Cardiac and Vascular Group; Minimally Invasive Technologies Group; Restorative Therapies Group; and Diabetes Group. The Cardiac and Vascular Group segment consists of products for the diagnosis, treatment, and management of cardiac rhythm disorders and cardiovascular disease. The Minimally Invasive Technologies Group segment focuses on respiratory system, gastrointestinal tract, renal system, lungs, pelvic region, kidneys, and obesity diseases. The Restorative Therapies Group segment comprises of neurostimulation therapies and drug delivery systems for the treatment of chronic pain, as well as areas of the spine and brain, along with pelvic health and conditions of the ear, nose, and throat. The Diabetes Group segment offers insulin pumps, coninuous glucose monitoring systems, and insulin pump consumables. The company was founded in 1949 and is headquartered in Dublin, Ireland.

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MarketRank

Overall MarketRank

2.90 out of 5 stars

Medical Sector

10th out of 1,309 stocks

Electromedical Equipment Industry

1st out of 31 stocks

Analyst Opinion: 2.4Community Rank: 5.0Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -
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Medtronic (NYSE:MDT) Frequently Asked Questions

Is Medtronic a buy right now?

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Medtronic in the last year. There are currently 4 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Medtronic stock.
View analyst ratings for Medtronic
or view top-rated stocks.

What stocks does MarketBeat like better than Medtronic?

Wall Street analysts have given Medtronic a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Medtronic wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Medtronic?

Medtronic saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 11,050,000 shares, an increase of 19.3% from the June 30th total of 9,260,000 shares. Based on an average daily volume of 4,250,000 shares, the short-interest ratio is currently 2.6 days. Approximately 0.8% of the shares of the stock are short sold.
View Medtronic's Short Interest
.

When is Medtronic's next earnings date?

Medtronic is scheduled to release its next quarterly earnings announcement on Tuesday, August 24th 2021.
View our earnings forecast for Medtronic
.

How can I listen to Medtronic's earnings call?

Medtronic will be holding an earnings conference call on Tuesday, August 24th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Medtronic's earnings last quarter?

Medtronic plc (NYSE:MDT) announced its quarterly earnings data on Wednesday, May, 26th. The medical technology company reported $1.50 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.42 by $0.08. The medical technology company had revenue of $8.19 billion for the quarter, compared to analyst estimates of $8.13 billion. Medtronic had a trailing twelve-month return on equity of 11.82% and a net margin of 11.98%. Medtronic's revenue was up 36.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.
View Medtronic's earnings history
.

How has Medtronic's stock price been impacted by COVID-19?

Medtronic's stock was trading at $92.44 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MDT stock has increased by 42.2% and is now trading at $131.46.
View which stocks have been most impacted by COVID-19
.

How often does Medtronic pay dividends? What is the dividend yield for Medtronic?

Medtronic announced a quarterly dividend on Thursday, May 27th. Shareholders of record on Friday, June 25th will be paid a dividend of $0.63 per share on Friday, July 16th. This represents a $2.52 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Thursday, June 24th. This is a positive change from Medtronic's previous quarterly dividend of $0.58.
View Medtronic's dividend history
.

Is Medtronic a good dividend stock?

Medtronic pays an annual dividend of $2.52 per share and currently has a dividend yield of 1.92%.
View Medtronic's dividend history.

What guidance has Medtronic issued on next quarter's earnings?

Medtronic updated its FY 2022 earnings guidance on Tuesday, June, 22nd. The company provided earnings per share (EPS) guidance of $5.600-5.750 for the period, compared to the Thomson Reuters consensus estimate of $5.720. The company issued revenue guidance of -.

What price target have analysts set for MDT?

22 brokers have issued 1 year price objectives for Medtronic's stock. Their forecasts range from $115.00 to $153.00. On average, they anticipate Medtronic's share price to reach $135.14 in the next year. This suggests a possible upside of 2.8% from the stock's current price.
View analysts' price targets for Medtronic
or view top-rated stocks among Wall Street analysts.

Who are Medtronic's key executives?

Medtronic's management team includes the following people:
  • Geoffrey Straub Martha, Chairman & Chief Executive Officer
  • Gregory L. Smith, Executive VP-Global Operations & Supply Chain
  • Karen L. Parkhill, Chief Financial Officer & Executive Vice President (LinkedIn Profile)
  • Richard E. Kuntz, Chief Medical & Scientific Officer, Senior VP
  • Laura Mauri, Chief Clinical & Regulatory Officer, Senior VP

What is Omar S. Ishrak's approval rating as Medtronic's CEO?

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

Who are some of Medtronic's key competitors?

What other stocks do shareholders of Medtronic own?

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), The Walt Disney (DIS), Cisco Systems (CSCO), Intel (INTC), CVS Health (CVS), The Home Depot (HD) and Walmart (WMT).

What is Medtronic's stock symbol?

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

Who are Medtronic's major shareholders?

Medtronic's stock is owned by many different retail and institutional investors. Top institutional shareholders include Alliancebernstein L.P. (0.70%), Diamond Hill Capital Management Inc. (0.34%), New York State Common Retirement Fund (0.24%), Flossbach Von Storch AG (0.18%), Fisher Asset Management LLC (0.17%) and DAVENPORT & Co LLC (0.09%). Company insiders that own Medtronic stock include Bradley E Lerman, Brett A Wall, Brett A Wall, Carol A Surface, Geoffrey Martha, Hoedt Rob Ten, Hooman Hakami, John R Liddicoat, Karen L Parkhill, Karen L Parkhill, Michael J Coyle, Omar Ishrak, Richard H Anderson, Richard Kuntz and Robert John White.
View institutional ownership trends for Medtronic
.

Which institutional investors are selling Medtronic stock?

MDT stock was sold by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, Alliancebernstein L.P., PGGM Investments, Clark Capital Management Group Inc., Flossbach Von Storch AG, TCW Group Inc., Beach Investment Counsel Inc. PA, and Davy Global Fund Management Ltd. Company insiders that have sold Medtronic company stock in the last year include Bradley E Lerman, Brett A Wall, Carol A Surface, Geoffrey Martha, Hoedt Rob Ten, John R Liddicoat, Karen L Parkhill, Omar Ishrak, and Robert John White.
View insider buying and selling activity for Medtronic
or view top insider-selling stocks.

Which institutional investors are buying Medtronic stock?

MDT stock was acquired by a variety of institutional investors in the last quarter, including Capital Wealth Planning LLC, Diamond Hill Capital Management Inc., Zurcher Kantonalbank Zurich Cantonalbank , Fisher Asset Management LLC, Victory Capital Management Inc., DAVENPORT & Co LLC, Calamos Advisors LLC, and Argyle Capital Management Inc.. Company insiders that have bought Medtronic stock in the last two years include Omar Ishrak, and Richard H Anderson.
View insider buying and selling activity for Medtronic
or or view top insider-buying stocks.

How do I buy shares of Medtronic?

Shares of MDT 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.
Compare Top Brokerages Here.

What is Medtronic's stock price today?

One share of MDT stock can currently be purchased for approximately $131.46.

How much money does Medtronic make?

Medtronic has a market capitalization of $176.67 billion and generates $30.12 billion in revenue each year.

How many employees does Medtronic have?

Medtronic employs 90,000 workers across the globe.

When was Medtronic founded?

Medtronic was founded in 1949.

What is Medtronic's official website?

The official website for Medtronic is www.medtronic.com.

Where are Medtronic's headquarters?

Medtronic is headquartered at 20 ON HATCH LOWER HATCH STREET, DUBLIN L2, D02.

How can I contact Medtronic?

Medtronic's mailing address is 20 ON HATCH LOWER HATCH STREET, DUBLIN L2, D02. The medical technology company can be reached via phone at (531) 438-1700 or via email at [email protected]


This page was last updated on 8/4/2021 by MarketBeat.com Staff
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