Medtronic PLC (NYSE: MDT) has reported earnings for its first fiscal quarter (ending July 31) of $0.81 versus $0.59 for the same period a year ago. For the latest four quarters through July 31, E.P.S. were $2.97 versus $2.72 for the same period a year ago.
Recent Price Action
Medtronic PLC (NYSE: MDT) stock closed at $85.38 on 8/20/24 after a modest gain of 0.7%. Moreover, unusually high trading volume at 175% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 5.2% during the last week.
Current PriceTarget Research Rating
MDT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Medtronic has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Medtronic has a slightly negative Appreciation Score of 38 and a slightly negative Power Rating of 34, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment