Medtronic Plc Stock Analysis

MDT Stock  USD 87.15  0.23  0.26%   
Medtronic PLC is fairly valued with Real Value of 85.18 and Target Price of 90.44. The main objective of Medtronic PLC stock analysis is to determine its intrinsic value, which is an estimate of what Medtronic PLC is worth, separate from its market price. There are two main types of Medtronic PLC's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Medtronic PLC's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Medtronic PLC's stock to identify patterns and trends that may indicate its future price movements.
The Medtronic PLC stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Medtronic PLC is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Medtronic Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Medtronic PLC's ongoing operational relationships across important fundamental and technical indicators.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medtronic PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
For more information on how to buy Medtronic Stock please use our How to Invest in Medtronic PLC guide.

Medtronic Stock Analysis Notes

About 85.0% of the company shares are owned by institutional investors. The book value of Medtronic PLC was now reported as 38.95. The company has Price/Earnings To Growth (PEG) ratio of 1.59. Medtronic PLC last dividend was issued on the 21st of March 2024. The entity had 2:1 split on the 27th of September 1999. Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients worldwide. The company was founded in 1949 and is headquartered in Dublin, Ireland. Medtronic operates under Medical Devices classification in the United States and is traded on New York Stock Exchange. It employs 95000 people. To find out more about Medtronic PLC contact Omar Ishrak at 353 1 438 1700 or learn more at https://www.medtronic.com.

Medtronic PLC Quarterly Total Revenue

8.09 Billion

Medtronic PLC Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Medtronic PLC's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Medtronic PLC or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Over 85.0% of the company shares are owned by institutional investors
Latest headline from massdevice.com: Shockwave Medical is reportedly a JJ acquisition target

Medtronic PLC Upcoming and Recent Events

Earnings reports are used by Medtronic PLC to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Medtronic PLC previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
20th of February 2024
Upcoming Quarterly Report
View
23rd of May 2024
Next Financial Report
View
31st of January 2024
Next Fiscal Quarter End
View
23rd of May 2024
Next Fiscal Year End
View
31st of October 2023
Last Quarter Report
View
30th of April 2023
Last Financial Announcement
View

Medtronic Largest EPS Surprises

Earnings surprises can significantly impact Medtronic PLC's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2020-05-21
2020-04-300.680.58-0.114 
2021-02-23
2021-01-311.151.290.1412 
2020-11-24
2020-10-310.81.020.2227 
View All Earnings Estimates

Medtronic PLC Thematic Classifications

In addition to having Medtronic PLC stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Obamacare Repeal Idea
Obamacare Repeal
Large healthcare related equities associated with Obamacare
Dividend Beast Idea
Dividend Beast
Solid, dividend-paying stocks and ETFs
Giant Impact Idea
Giant Impact
Public companies with mega capitalization

Medtronic Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Medtronic PLC is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Medtronic PLC backward and forwards among themselves. Medtronic PLC's institutional investor refers to the entity that pools money to purchase Medtronic PLC's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Franklin Resources Inc2023-12-31
19.4 M
Deutsche Bank Ag2023-12-31
17.3 M
T. Rowe Price Associates, Inc.2023-12-31
15.4 M
Norges Bank2023-12-31
14.9 M
Wells Fargo & Co2023-12-31
13.1 M
Northern Trust Corp2023-12-31
12.7 M
Sanders Capital, Llc2023-12-31
12.6 M
Royal Bank Of Canada2023-12-31
12.6 M
Goldman Sachs Group Inc2023-12-31
12 M
Vanguard Group Inc2023-12-31
126.5 M
Blackrock Inc2023-12-31
118.6 M
Note, although Medtronic PLC's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Medtronic Market Capitalization

The company currently falls under 'Mega-Cap' category with a total capitalization of 111.14 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Medtronic PLC's market, we take the total number of its shares issued and multiply it by Medtronic PLC's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Medtronic Profitablity

Medtronic PLC's profitability indicators refer to fundamental financial ratios that showcase Medtronic PLC's ability to generate income relative to its revenue or operating costs. If, let's say, Medtronic PLC is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Medtronic PLC's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Medtronic PLC's profitability requires more research than a typical breakdown of Medtronic PLC's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of 0.13 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.19 %, which entails that for every 100 dollars of revenue, it generated $0.19 of operating income.
Last ReportedProjected for 2024
Return On Capital Employed 0.05  0.05 
Return On Assets 0.04  0.04 
Return On Equity 0.07  0.07 

Management Efficiency

Medtronic PLC has Return on Asset of 0.0423 % which means that on every $100 spent on assets, it made $0.0423 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0817 %, implying that it generated $0.0817 on every 100 dollars invested. Medtronic PLC's management efficiency ratios could be used to measure how well Medtronic PLC manages its routine affairs as well as how well it operates its assets and liabilities. Return On Capital Employed is likely to drop to 0.05 in 2024. Return On Assets is likely to drop to 0.04 in 2024. Total Current Liabilities is likely to gain to about 10.9 B in 2024. Liabilities And Stockholders Equity is likely to gain to about 109.8 B in 2024
Last ReportedProjected for 2024
Price Book Value Ratio 3.42  5.53 
Enterprise Value Multiple 25.07  26.32 
Price Fair Value 3.42  5.53 
The analysis of Medtronic PLC's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Medtronic PLC's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Medtronic Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield
0.033
Forward Dividend Yield
0.033
Forward Dividend Rate
2.76
Beta
0.771

Technical Drivers

As of the 28th of March, Medtronic PLC secures the Mean Deviation of 0.6519, downside deviation of 0.9599, and Risk Adjusted Performance of 0.0502. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Medtronic PLC, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down nineteen technical drivers for Medtronic PLC, which can be compared to its peers in the industry. Please verify Medtronic PLC variance, as well as the relationship between the value at risk and skewness to decide if Medtronic PLC is priced some-what accurately, providing market reflects its recent price of 87.15 per share. Given that Medtronic PLC has jensen alpha of 0.0715, we recommend you to check Medtronic PLC's last-minute market performance to make sure the company can sustain itself at a future point.

Medtronic PLC Price Movement Analysis

Execute Study
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Medtronic PLC middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Medtronic PLC. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

Medtronic PLC Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Medtronic PLC insiders, such as employees or executives, is commonly permitted as long as it does not rely on Medtronic PLC's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Medtronic PLC insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Medtronic PLC Predictive Daily Indicators

Medtronic PLC intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Medtronic PLC stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Medtronic PLC Corporate Filings

F4
7th of March 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
10Q
27th of February 2024
Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations
ViewVerify
F4
23rd of February 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
8K
20th of February 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
13A
14th of February 2024
An amended filing to the original Schedule 13G
ViewVerify
13A
13th of February 2024
An amended filing to the original Schedule 13G
ViewVerify
13A
12th of February 2024
An amended filing to the original Schedule 13G
ViewVerify
F4
2nd of February 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify

Medtronic PLC Forecast Models

Medtronic PLC's time-series forecasting models are one of many Medtronic PLC's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Medtronic PLC's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Medtronic Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Medtronic PLC prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Medtronic shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Medtronic PLC. By using and applying Medtronic Stock analysis, traders can create a robust methodology for identifying Medtronic entry and exit points for their positions.
Last ReportedProjected for 2024
Pretax Profit Margin 0.13  0.25 
Operating Profit Margin 0.15  0.25 
Net Profit Margin 0.12  0.14 
Gross Profit Margin 0.65  0.80 

Current Medtronic Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Medtronic analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Medtronic analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
90.44Buy33Odds
Medtronic PLC current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Medtronic analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Medtronic stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Medtronic PLC, talking to its executives and customers, or listening to Medtronic conference calls.
Medtronic Analyst Advice Details

Medtronic Stock Analysis Indicators

Medtronic PLC stock analysis indicators help investors evaluate how Medtronic PLC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Medtronic PLC shares will generate the highest return on investment. By understating and applying Medtronic PLC stock analysis, traders can identify Medtronic PLC position entry and exit signals to maximize returns.
Begin Period Cash Flow3.7 B
Long Term Debt24.3 B
Common Stock Shares Outstanding1.3 B
Total Stockholder Equity51.5 B
Total Cashflows From Investing Activities-3.5 B
Tax Provision1.6 B
Quarterly Earnings Growth Y O Y0.078
Property Plant And Equipment Net5.6 B
Cash And Short Term InvestmentsB
Cash1.5 B
Accounts Payable2.7 B
Net Debt22.8 B
50 Day M A85.2504
Total Current Liabilities9.1 B
Other Operating Expenses25.4 B
Non Current Assets Total69.3 B
Forward Price Earnings15.3139
Non Currrent Assets Other2.3 B
Stock Based Compensation355 M
When determining whether Medtronic PLC is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Medtronic Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Medtronic Plc Stock. Highlighted below are key reports to facilitate an investment decision about Medtronic Plc Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medtronic PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
For more information on how to buy Medtronic Stock please use our How to Invest in Medtronic PLC guide.
Note that the Medtronic PLC information on this page should be used as a complementary analysis to other Medtronic PLC's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

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When running Medtronic PLC's price analysis, check to measure Medtronic PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Medtronic PLC is operating at the current time. Most of Medtronic PLC's value examination focuses on studying past and present price action to predict the probability of Medtronic PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medtronic PLC's price. Additionally, you may evaluate how the addition of Medtronic PLC to your portfolios can decrease your overall portfolio volatility.
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Is Medtronic PLC's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Medtronic PLC. If investors know Medtronic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Medtronic PLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.078
Dividend Share
2.75
Earnings Share
3.15
Revenue Per Share
24.298
Quarterly Revenue Growth
0.047
The market value of Medtronic PLC is measured differently than its book value, which is the value of Medtronic that is recorded on the company's balance sheet. Investors also form their own opinion of Medtronic PLC's value that differs from its market value or its book value, called intrinsic value, which is Medtronic PLC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Medtronic PLC's market value can be influenced by many factors that don't directly affect Medtronic PLC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Medtronic PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Medtronic PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Medtronic PLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.