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.

A number of analysts gave price targets for MDT. The highest price target was 104, implying a possible profit of 22.82 percent. The minimum price target given was 80, implying a possible loss of -5.53 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is -4 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. 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. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of MDT to grow at a rate of 68.88 percent. The PEG ratio of a stock is another value frequently studied by investors. 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of MDT is 0.43.

MDT has traded between a high of 89.72 and a low of 69.35 over the past year. Today's price is 22.11 percent above the 52-week low, and 5.62 percent lower than its 52-week 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 will post this quarters earnings in days, on 0000-00-00.