Medtronic - MDT Stock Forecast, Price & News

23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Medtronic in the last year. There are currently 1 sell rating, 16 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities 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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23 analysts have issued twelve-month price targets for Medtronic's shares. Their MDT share price forecasts range from $77.00 to $135.00. On average, they expect the company's share price to reach $97.58 in the next year. This suggests a possible upside of 25.6% from the stock's current price.
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Medtronic's stock was trading at $103.45 at the start of the year. Since then, MDT stock has decreased by 24.9% and is now trading at $77.69.
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Medtronic saw a increase in short interest in October. As of October 31st, there was short interest totaling 9,630,000 shares, an increase of 19.8% from the October 15th total of 8,040,000 shares. Based on an average trading volume of 6,040,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.7% of the company's stock are short sold.
View Medtronic's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
View our MDT earnings forecast.

Medtronic plc (NYSE:MDT) released its quarterly earnings data on Tuesday, November, 22nd. The medical technology company reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.02. The medical technology company earned $7.59 billion during the quarter, compared to the consensus estimate of $7.70 billion. Medtronic had a trailing twelve-month return on equity of 13.52% and a net margin of 14.03%. The company's quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.32 earnings per share.
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Medtronic declared a quarterly dividend on Thursday, August 18th. Stockholders 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 3.50%. The ex-dividend date of this dividend 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 3.53%. 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 84.47%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MDT will have a dividend payout ratio of 49.73% 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 FY23 earnings guidance on Tuesday, November, 22nd. The company provided earnings per share guidance of $5.25-5.30 for the period, compared to the consensus estimate of $5.53.

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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.32%), BlackRock Inc. (8.73%), State Street Corp (4.44%), Massachusetts Financial Services Co. MA (2.57%), Bank of New York Mellon Corp (1.46%) and Lazard Asset Management LLC (1.05%). 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, Omar Ishrak, Richard H Anderson, Richard H Anderson, 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 $77.69.

Medtronic (NYSE:MDT) has a market capitalization of $103.34 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 $3.22 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.