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 maximum price target given was 104, implying a possible profit of 22.82 percent. The lowest price target was 80, implying a possible loss of -5.53 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. 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. If we look at the last 90 days instead, we find a net average change of -0.1 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.

The growth rate of MDT's earnings is estimated by analysts to be 68.88 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. 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.

In the trailing 52-weeks, MDT hit 89.72 at the highest peak, while it's lowest trading point was 69.35. The current market price is above the trailing year's low by 22.11 percent, and 5.62 percent below the high. 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.