Free Trial

Medtronic (MDT) Competitors

Medtronic logo
$82.94 -0.64 (-0.77%)
(As of 12/11/2024 ET)

MDT vs. ABT, ISRG, SYK, BSX, BDX, EW, RMD, IDXX, DXCM, and STE

Should you be buying Medtronic stock or one of its competitors? The main competitors of Medtronic include Abbott Laboratories (ABT), Intuitive Surgical (ISRG), Stryker (SYK), Boston Scientific (BSX), Becton, Dickinson and Company (BDX), Edwards Lifesciences (EW), ResMed (RMD), IDEXX Laboratories (IDXX), DexCom (DXCM), and STERIS (STE). These companies are all part of the "health care equipment" industry.

Medtronic vs.

Abbott Laboratories (NYSE:ABT) and Medtronic (NYSE:MDT) are both large-cap medical companies, but which is the superior investment? We will contrast the two companies based on the strength of their valuation, earnings, analyst recommendations, dividends, risk, profitability, community ranking, institutional ownership and media sentiment.

Abbott Laboratories pays an annual dividend of $2.20 per share and has a dividend yield of 1.9%. Medtronic pays an annual dividend of $2.80 per share and has a dividend yield of 3.4%. Abbott Laboratories pays out 66.9% of its earnings in the form of a dividend. Medtronic pays out 85.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Abbott Laboratories has increased its dividend for 53 consecutive years and Medtronic has increased its dividend for 48 consecutive years.

Abbott Laboratories has a net margin of 13.99% compared to Medtronic's net margin of 13.00%. Abbott Laboratories' return on equity of 20.18% beat Medtronic's return on equity.

Company Net Margins Return on Equity Return on Assets
Abbott Laboratories13.99% 20.18% 10.84%
Medtronic 13.00%13.79%7.62%

Abbott Laboratories presently has a consensus target price of $130.07, suggesting a potential upside of 13.94%. Medtronic has a consensus target price of $95.27, suggesting a potential upside of 14.86%. Given Medtronic's higher probable upside, analysts clearly believe Medtronic is more favorable than Abbott Laboratories.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Abbott Laboratories
0 Sell rating(s)
4 Hold rating(s)
12 Buy rating(s)
0 Strong Buy rating(s)
2.75
Medtronic
1 Sell rating(s)
9 Hold rating(s)
6 Buy rating(s)
1 Strong Buy rating(s)
2.41

75.2% of Abbott Laboratories shares are owned by institutional investors. Comparatively, 82.1% of Medtronic shares are owned by institutional investors. 0.5% of Abbott Laboratories shares are owned by company insiders. Comparatively, 0.2% of Medtronic shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Abbott Laboratories has higher revenue and earnings than Medtronic. Medtronic is trading at a lower price-to-earnings ratio than Abbott Laboratories, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Abbott Laboratories$41.22B4.80$5.72B$3.2934.70
Medtronic$33.00B3.22$3.68B$3.2725.36

Medtronic received 653 more outperform votes than Abbott Laboratories when rated by MarketBeat users. Likewise, 75.64% of users gave Medtronic an outperform vote while only 69.70% of users gave Abbott Laboratories an outperform vote.

CompanyUnderperformOutperform
Abbott LaboratoriesOutperform Votes
934
69.70%
Underperform Votes
406
30.30%
MedtronicOutperform Votes
1587
75.64%
Underperform Votes
511
24.36%

Abbott Laboratories has a beta of 0.73, meaning that its share price is 27% less volatile than the S&P 500. Comparatively, Medtronic has a beta of 0.82, meaning that its share price is 18% less volatile than the S&P 500.

In the previous week, Medtronic had 13 more articles in the media than Abbott Laboratories. MarketBeat recorded 42 mentions for Medtronic and 29 mentions for Abbott Laboratories. Medtronic's average media sentiment score of 1.14 beat Abbott Laboratories' score of 1.13 indicating that Medtronic is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Abbott Laboratories
23 Very Positive mention(s)
0 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Medtronic
27 Very Positive mention(s)
3 Positive mention(s)
9 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Abbott Laboratories beats Medtronic on 13 of the 22 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Skip Chart

Media Sentiment Over Time

This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
Skip Chart

MDT vs. The Competition

MetricMedtronicElectromedical equipment IndustryMedical SectorNYSE Exchange
Market Cap$106.35B$3.12B$5.31B$20.11B
Dividend Yield3.33%1.71%5.17%3.47%
P/E Ratio25.3618.54137.3044.05
Price / Sales3.2274.331,231.0119.44
Price / Cash11.6641.4036.4218.54
Price / Book2.183.914.785.53
Net Income$3.68B$92.21M$119.64M$987.20M
7 Day Performance-1.43%0.77%1.49%-0.20%
1 Month Performance-6.02%-1.57%-0.61%1.40%
1 Year Performance3.55%15.29%33.23%23.05%

Medtronic Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
MDT
Medtronic
4.9769 of 5 stars
$82.94
-0.8%
$95.27
+14.9%
+4.0%$106.35B$33.00B25.3695,000Dividend Announcement
Short Interest ↓
Positive News
ABT
Abbott Laboratories
4.9685 of 5 stars
$114.60
-0.9%
$130.07
+13.5%
+7.5%$198.77B$40.11B35.14114,000Short Interest ↑
Positive News
ISRG
Intuitive Surgical
4.7949 of 5 stars
$550.41
+0.5%
$541.33
-1.6%
+72.3%$196.05B$7.12B88.4913,676Analyst Forecast
Insider Trade
Short Interest ↓
Positive News
SYK
Stryker
4.9502 of 5 stars
$379.84
-1.3%
$398.40
+4.9%
+28.3%$144.80B$20.50B41.2752,000Dividend Increase
Analyst Forecast
Positive News
BSX
Boston Scientific
4.5058 of 5 stars
$88.70
-1.5%
$93.52
+5.4%
+63.8%$130.73B$14.24B73.9248,000Analyst Forecast
Short Interest ↑
Positive News
BDX
Becton, Dickinson and Company
4.9944 of 5 stars
$222.81
+1.7%
$283.50
+27.2%
-5.3%$64.42B$20.18B37.0474,000Ex-Dividend
Insider Trade
Short Interest ↓
Positive News
EW
Edwards Lifesciences
4.0097 of 5 stars
$71.00
-0.7%
$78.35
+10.4%
+4.9%$41.88B$6.00B10.3219,800Analyst Forecast
Short Interest ↑
Analyst Revision
RMD
ResMed
4.657 of 5 stars
$244.82
+1.4%
$225.70
-7.8%
+50.3%$35.94B$4.69B31.979,980Analyst Revision
IDXX
IDEXX Laboratories
4.9496 of 5 stars
$435.69
+1.9%
$539.63
+23.9%
-18.5%$35.68B$3.66B42.0111,000Short Interest ↓
Positive News
DXCM
DexCom
4.9474 of 5 stars
$77.91
+0.2%
$101.88
+30.8%
-31.7%$30.43B$3.62B46.479,600Analyst Forecast
Short Interest ↓
STE
STERIS
4.9804 of 5 stars
$216.31
+0.2%
$262.50
+21.4%
+3.9%$21.35B$5.14B49.2918,179Short Interest ↑
Positive News

Related Companies and Tools


This page (NYSE:MDT) was last updated on 12/12/2024 by MarketBeat.com Staff
From Our Partners