Medtronic plc (NYSE:MDT) shares traded higher over the last trading session, gaining 0.87% on 05/14/21. The shares fell to a low of $124.57 before closing at $125.27. Intraday shares traded counted 3.66 million, which was 23.67% higher than its 30-day average trading volume of 4.80M. MDT’s previous close was $124.19 while the outstanding shares total 1.35B. The firm has a beta of 0.81, a 12-month trailing P/E ratio of 59.29, and a growth ratio of 6.53. The stock’s Relative Strength Index (RSI) is 47.82, with weekly volatility at 1.34% and ATR at 1.85. The MDT stock’s 52-week price range has touched low of $87.68 and a $132.30 high.
Investors have identified the Medical Devices company Medtronic plc as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $167.42 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Medtronic plc (MDT) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For MDT, the company has in raw cash 5.08 billion on their books with 3.82 billion currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 26.35 billion total, with 12.53 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 5.75 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on MDT sounds very interesting.
Is the stock of MDT attractive?
In related news, CEO, Martha Geoffrey sold 11,712 shares of the company’s stock in a transaction that recorded on Apr 05. The sale was performed at an average price of 118.83, for a total value of 1,391,737. As the sale deal closes, the EVP & Chief Financial Officer, PARKHILL KAREN L now sold 632 shares of the company’s stock, valued at 75,284. Also, EVP & President EMEA, TEN HOEDT ROB sold 7,168 shares of the company’s stock in a deal that was recorded on Mar 02. The shares were price at an average price of 117.98 per share, with a total market value of 845,681. Following this completion of acquisition, the SVP, Chief HR Officer, Surface Carol A now holds 15,000 shares of the company’s stock, valued at 1,723,500. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
19 out of 27 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on Medtronic plc. 0 analysts has assigned a Sell rating on the MDT stock. The 12-month mean consensus price target for the company’s shares has been set at $134.31.