The price of Medtronic Plc (NYSE:MDT) shares last traded on Wall Street rose 1.12% to $82.29.
MDT stock price is now -0.59% away from the 50-day moving average and 1.40% away from the 200-day moving average. The market capitalization of the company currently stands at $109.27B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $90, Robert W. Baird recently initiated with Neutral rating for Medtronic Plc (NYSE: MDT). On June 30, 2023, CL King recently initiated its ‘Buy’ rating on the stock quoting a target price of $106, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, Marinaro Michael, EVP & President, Surgical OU sold 854 shares of the company’s stock on Apr 08 ’24. The stock was sold for $71,002 at an average price of $83.14. Upon completion of the transaction, the EVP & President, Surgical OU now directly owns 27,925 shares in the company, valued at $2.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21 ’24, EVP & President Cardiovascular Salmon Sean sold 30,695 shares of the business’s stock. A total of $2,613,055 was realized by selling the stock at an average price of $85.13. This leaves the insider owning 48,289 shares of the company worth $3.97 million. A total of 0.07% of the company’s stock is owned by insiders.
During the past 12 months, Medtronic Plc has had a low of $68.84 and a high of $91.00. As of last week, the company has a debt-to-equity ratio of 0.50, a current ratio of 2.03, and a quick ratio of 1.55. According to the stock market information, the enterprise value for the company is $125134962688, which is based on a 29.83 price-to-earnings ratio, a 6.78 price-to-earnings-growth ratio, and a beta of 0.84. The fifty day moving average price for MDT is $82.74 and a two-hundred day moving average price translates $81.1525 for the stock.
The latest earnings results from Medtronic Plc (NYSE: MDT) was released for 2024-04-26. According to the Medical Devices Company, earnings per share came in at 1.2, beating analysts’ expectations of 1.11 by 0.09. This compares to $0.92 EPS in the same period last year. The net profit margin was 11.36% and return on equity was 7.23% for MDT. The company reported revenue of $8.09 billion for the quarter, compared to $7.73 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.68 percent. For the current quarter, analysts expect MDT to generate $7.93B in revenue.
