Stocks of Medtronic Plc (NYSE:MDT) traded higher last session on Wall Street, up 0.17% to $89.99.
MDT stock price is now 2.32% away from the 50-day moving average and 6.99% away from the 200-day moving average. The market capitalization of the company currently stands at $115.41B.
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With the price target enhanced from $98 to $105, RBC Capital Mkts Upgraded its rating from Sector Perform to Outperform for Medtronic Plc (NYSE: MDT). On August 21, 2024, Oppenheimer reiterated its ‘Perform’ rating on the stock by increasing its target price from $92 to quote $94, while ‘UBS’ rates the stock as ‘Neutral’
In other news, PARKHILL KAREN L, Former Officer bought 2,668 shares of the company’s stock on Aug 26 ’24. The stock was bought for $240,120 at an average price of $90.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 07 ’24, Chairman and CEO Martha Geoffrey sold 19,113 shares of the business’s stock. A total of $1,601,001 was realized by selling the stock at an average price of $83.77. This leaves the insider owning 143,348 shares of the company worth $12.9 million. A total of 0.08% 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 $91.49. As of last week, the company has a debt-to-equity ratio of 0.58, a current ratio of 2.13, and a quick ratio of 1.61. According to the stock market information, the enterprise value for the company is $135646322688, which is based on a 30.28 price-to-earnings ratio, a 6.06 price-to-earnings-growth ratio, and a beta of 0.85. The fifty day moving average price for MDT is $87.7638 and a two-hundred day moving average price translates $84.06885 for the stock.
The latest earnings results from Medtronic Plc (NYSE: MDT) was released for 2024-07-26. The net profit margin was 12.05% and return on equity was 7.92% for MDT. The company reported revenue of $7.92 billion for the quarter, compared to $7.7 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.77 percent.
