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.

Many analysts weighed in on price targets for MDT. The most optimistic analyst gave a price target of 104, implying potential capital gains of 22.82 percent. The most pessimistic price target was 80, implying a possible loss 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.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes -4 percent if we expand the time horizon to include the past 3 months instead of just one. 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. 0 analysts have revised their quarterly estimates upwards in the past 30 days, 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, while 0 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of MDT to grow at a rate of 68.88 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. 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 below the high by 5.62 percent. MDT has a P/E 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.