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S&P 500   3,818.83
DOW   31,029.31
QQQ   283.80
S&P 500   3,818.83
DOW   31,029.31
QQQ   283.80
S&P 500   3,818.83
DOW   31,029.31
QQQ   283.80
S&P 500   3,818.83
DOW   31,029.31
QQQ   283.80
NYSE:MDT

Medtronic Stock Forecast, Price & News

$90.42
+1.22 (+1.37%)
(As of 06/29/2022 05:49 PM ET)
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Today's Range
$89.07
$90.55
50-Day Range
$87.40
$113.09
52-Week Range
$86.95
$135.89
Volume
4.06 million shs
Average Volume
6.39 million shs
Market Capitalization
$121.30 billion
P/E Ratio
24.24
Dividend Yield
3.05%
Price Target
$121.55
30 days | 90 days | 365 days | Advanced Chart

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MDT Stock Forecast (MarketRank)

Overall MarketRank

3.52 out of 5 stars

Medical Sector

8th out of 1,432 stocks

Electromedical Equipment Industry

1st out of 30 stocks

Analyst Opinion: 4.3Community Rank: 5.0Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
Medtronic logo

About Medtronic (NYSE:MDT)

Medtronic plc develops, manufactures, distributes, and sells device-based medical therapies to hospitals, physicians, clinicians, and patients worldwide. It operates through four segments: Cardiovascular Portfolio, Neuroscience Portfolio, Medical Surgical Portfolio, and Diabetes Operating Unit. The Cardiovascular Portfolio segment offers implantable cardiac pacemakers, cardioverter defibrillators, and cardiac resynchronization therapy devices; AF ablation products; insertable cardiac monitor systems; mechanical circulatory support; TYRX products; and remote monitoring and patient-centered software. It also provides aortic valves; percutaneous coronary intervention stents, surgical valve replacement and repair products, endovascular stent grafts, percutaneous angioplasty balloons, and products to treat superficial venous diseases in the lower extremities. The Medical Surgical Portfolio segment offers surgical products, including surgical stapling devices, vessel sealing instruments, wound closure, electrosurgery products, surgical artificial intelligence and robotic-assisted surgery products, hernia mechanical devices, mesh implants, gynecology and lung products, and various therapies to treat diseases. The Neuroscience Portfolio segment offers products for spinal surgeons; neurosurgeons; neurologists; pain management specialists; anesthesiologists; orthopedic surgeons; urologists; urogynecologists; interventional radiologists; ear, nose, and throat specialists; and systems that incorporate energy surgical instruments. It also provides image-guided surgery and intra-operative imaging systems and robotic guidance systems used in robot assisted spine procedures; and therapies for vasculature in and around the brain. The Diabetes Operating Unit segment offers insulin pumps and consumables, and continuous glucose monitoring systems. The company was founded in 1949 and is headquartered in Dublin, Ireland.

MDT Stock News Headlines

MarketBeat: Week in Review 5/30 – 6/3 (MDT)
The jobs report is adding another layer of uncertainty to the markets which are down in mid-morning trading. At times like this, let the MarketBeat team give you the insight you need. Here are some of the stocks they were looking at this week
Should Medtronic Make the Cut For Your Recovery Watchlist?
Medtronic stock is down 6% since the medical device company reported earnings on May 26, 2022. In this article, we’ll take a look at MDT stock so you can decide if it deserves a place on your recovery watchlist
Medtronic plc (MDT) To Go Ex-Dividend on June 23rd
See More Headlines

Industry, Sector and Symbol

Industry
Electromedical equipment
Sub-Industry
Health Care Equipment
Sector
Medical
CUSIP
58505510
Employees
95,000
Year Founded
1949

Company Calendar

Ex-Dividend for 4/22 Dividend
3/24/2022
Dividend Payable
4/22/2022
Last Earnings
5/26/2022
Ex-Dividend for 7/15 Dividend
6/23/2022
Today
6/30/2022
Dividend Payable
7/15/2022
Next Earnings (Estimated)
8/23/2022
Fiscal Year End
4/30/2023

Price Target and Rating

Average Stock Price Forecast
$121.55
High Stock Price Forecast
$165.00
Low Stock Price Forecast
$100.00
Forecasted Upside/Downside
+34.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.52380952380952
Research Coverage
21 Analysts

Profitability

Net Income
$5.04 billion
Pretax Margin
17.41%

Debt

Sales & Book Value

Annual Sales
$31.69 billion
Cash Flow
$7.63 per share
Book Value
$39.30 per share

Miscellaneous

Outstanding Shares
1,341,539,000
Free Float
1,335,234,000
Market Cap
$121.30 billion
Optionable
Optionable
Beta
0.74

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Medtronic Frequently Asked Questions

Should I buy or sell Medtronic stock right now?

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Medtronic in the last year. There are currently 10 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Medtronic stock.
View analyst ratings for Medtronic
or view top-rated stocks.

What is Medtronic's stock price forecast for 2022?

21 analysts have issued 1 year price objectives for Medtronic's shares. Their MDT stock forecasts range from $100.00 to $165.00. On average, they predict Medtronic's stock price to reach $121.55 in the next year. This suggests a possible upside of 34.4% from the stock's current price.
View analysts' price targets for Medtronic
or view top-rated stocks among Wall Street analysts.

How has Medtronic's stock performed in 2022?

Medtronic's stock was trading at $103.45 at the start of the year. Since then, MDT stock has decreased by 12.6% and is now trading at $90.42.
View the best growth stocks for 2022 here
.

When is Medtronic's next earnings date?

Medtronic is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022.
View our earnings forecast for Medtronic
.

How were Medtronic's earnings last quarter?

Medtronic plc (NYSE:MDT) issued its earnings results on Thursday, May, 26th. The medical technology company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by $0.04. The medical technology company had revenue of $8.09 billion for the quarter, compared to analysts' expectations of $8.43 billion. Medtronic had a net margin of 15.90% and a trailing twelve-month return on equity of 14.50%. The business's revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business earned $1.50 EPS.
View Medtronic's earnings history
.

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

Medtronic announced a quarterly dividend on Wednesday, May 25th. Shareholders of record on Friday, June 24th will be paid a dividend of $0.68 per share on Friday, July 15th. This represents a $2.72 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Thursday, June 23rd. This is a positive change from Medtronic's previous quarterly dividend of $0.63.
View Medtronic's dividend history
.

Is Medtronic a good dividend stock?

Medtronic(NYSE:MDT) pays an annual dividend of $2.72 per share and currently has a dividend yield of 3.05%. Medtronic has been increasing its dividend for 46 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Medtronic is 72.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Medtronic will have a dividend payout ratio of 45.11% next year. This indicates that Medtronic will be able to sustain or increase its dividend.
View Medtronic's dividend history.

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

Medtronic issued an update on its FY 2023 earnings guidance on Thursday, June, 23rd. The company provided earnings per share guidance of $5.53-$5.65 for the period, compared to the consensus estimate of $5.82. The company issued revenue guidance of -.

Who are Medtronic's key executives?

Medtronic's management team includes the following people:
  • Mr. Geoffrey Straub Martha, Chairman & CEO (Age 52, Pay $4.09M)
  • Ms. Karen L. Parkhill, EVP, CFO, IT & Enterprise Excellence (Age 57, Pay $3.29M) (LinkedIn Profile)
  • Mr. Robert John White, Exec. VP & Pres of Medical Surgical Portfolio (Age 59, Pay $2.66M) (LinkedIn Profile)
  • Mr. Mark Ploof, Sr. VP of Global Operations and Bus. Services
  • Ms. Jennifer M. Kirk, Principal Accounting Officer, Global Controller & Chief Accounting Officer (Age 47)
  • Dr. Laura Mauri M.D., M.Sc., Sr. VP and Chief Scientific, Medical & Regulatory Officer
  • Mr. Sean Lennon, Chief Information Officer
  • Mr. Ryan Weispfenning, VP of Investor Relations
  • Mr. Ivan K. Fong, Exec. VP, Gen. Counsel & Sec. (Age 61)
  • Mr. Torod B. Neptune, Sr. VP & Chief Communications Officer

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.

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), Walt Disney (DIS), Cisco Systems (CSCO), Intel (INTC), CVS Health (CVS), 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."

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 $90.42.

How much money does Medtronic make?

Medtronic (NYSE:MDT) has a market capitalization of $121.30 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 $3.73 on an earnings per share basis.

How many employees does Medtronic have?

Medtronic employs 95,000 workers across the globe.

When was Medtronic founded?

Medtronic was founded in 1949.

How can I contact Medtronic?

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

This page (NYSE:MDT) was last updated on 6/30/2022 by MarketBeat.com Staff

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