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 most optimistic analyst gave a price target of 104, which equates to a potential upside of 22.82 percent. The most pessimistic price target was 80, which equates to a potential downside of -5.53 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

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. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.1 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

The growth rate of MDT's earnings is estimated by analysts to be 68.88 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. MDT has a PEG ratio of 0.43.

MDT has a 52-week high of 89.72 and a 52-week low of 69.35. Today's price is 22.11 percent above the 52-week low, and below the high by 5.62 percent. 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's next earnings release will be on 0000-00-00, which is days away.