Stocks of Medtronic Plc (NYSE:MDT) traded higher last session on Wall Street, down -1.65% to $80.03.
MDT stock price is now -8.31% away from the 50-day moving average and -5.19% away from the 200-day moving average. The market capitalization of the company currently stands at $102.62B.
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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 Director bought 30,000 shares of the company’s stock on Oct 31 ’24. The stock was bought for $2,691,794 at an average price of $89.73. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 30 ’24, Former Director PARKHILL KAREN L bought 15,000 shares of the business’s stock. A total of $1,358,740 was incurred on buying the stock at an average price of $90.58. 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 $75.96 and a high of $92.68. As of last week, the company has a debt-to-equity ratio of 0.58, a current ratio of 1.84, and a quick ratio of 1.39. According to the stock market information, the enterprise value for the company is $132568342528, which is based on a 24.42 price-to-earnings ratio, a 4.25 price-to-earnings-growth ratio, and a beta of 0.84. The fifty day moving average price for MDT is $87.4464 and a two-hundred day moving average price translates $84.43615 for the stock.
The latest earnings results from Medtronic Plc (NYSE: MDT) was released for 2024-07-26. The net profit margin was 13.00% and return on equity was 8.58% 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.
