Analyst Ratings for Medtronic PLC (MDT)

Updated: 2017-07-28

Shares of Medtronic PLC (NYSE:MDT) have received a consensus rating of Overweight from Wall Street analysts. MDT had previously received a consensus rating of Overweight a month ago.

15 analysts declared MDT a buy, 1 gave an overweight rating, 12 issued a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Today, there are 2 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

Investment analysts gave a few price targets for MDT. The highest price target was 104, which equates to a potential upside of 22.82 percent. The most pessimistic analyst gave a price target of 80, which equates to a potential downside of -5.53 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -4 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.1 percent.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.

Analysts estimate earnings of MDT to grow at a rate of 68.88 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. MDT has a PEG ratio of 0.43.

In the last 52-weeks, MDT has achieved a high of 89.72 and a low of 69.35. Currently the stock is 22.11 percent higher than its low, and 5.62 percent lower than its 52-week high. MDT has a price/earnings ratio of 29.3. Investors typically compare the P/E ratio to a company's peers in the industry. The MDT value stock report compares MDT to some of its peers using value stock charts. The stock has a market capitalization of $116.52 billion. MDT will post this quarters earnings in days, on 0000-00-00.