Analyst Revises Medtronic, Inc. (NYSE:MDT) Stock Target


Medtronic, Inc. (NYSE:MDT) mean price target has been set at $88.390 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $1.140 in the near-term quarter and $4.660 for the ongoing fiscal. The market cap of Medtronic plc. Ordinary Shares was recorded at $118.31B after the stock closed at $84.465 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Medtronic, Inc. (NYSE:MDT) has a P/E ratio of 34.058. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Medtronic, Inc. (NYSE:MDT) PEG ratio sits at 2.380. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Medtronic plc. Ordinary Shares visibly illustrates that the 50-day MA of Medtronic plc. Ordinary Shares is $81.561, and stock is trading 2.904 or +3.561% distant from $81.561. The 200-day MA is $77.488, and this price is $6.977 or +9.003% off from current level. Medtronic, Inc. (NYSE:MDT) 52-week high is $86.310 and the 52-week low is $55.540. This represents that if the stock moves $-1.845 points up on the chart to make a 52-week high. But, if it declines $+52.080%, then the shares price can hit a new 52-week low.

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