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Is this Large Market Cap Stock target price reasonable for Medtronic plc (NYSE:MDT)?

The company in question is, Medtronic plc (NYSE:MDT) currently with a stock price of 86.88 (-0.24% today). The market cap for Medtronic plc is 122699.35, and is in the sector Healthcare, and Medical Appliances & Equipment industry. The target price for Medtronic plc is 90.66. Currently Medtronic plc is trading with a P/E of 35.06, and a forward P/E of 16.86. Average volume for Medtronic plc is 4866.29 and so far today it is 1023060.

Performance in the last year for Medtronic plc has been 14.26%. For EPS growth, Medtronic plc has seen a growth of 2.90%, and is looking to grow in the next year to 10.81%. More long term stats show that EPS growth has been -2.60% over the last five years and could be 7.83% for the next five years. Medtronic plc has seen sales growth quarter over quarter at 3.60%, with EPS growth quarter over quarter at *TBA. The 20-day simple moving average is 1.44%, with the 200-day simple moving average coming to 10.92%.

Since the IPO date for Medtronic plc on the 12/31/1981, Medtronic plc has seen performance year to date to be 14.36%. With Medtronic plc trading at 86.88, the dividend yield is 1.97%, and the EPS is 2.48.

So could Medtronic plc, be undervalued? Well as said before P/E is 35.06. The PEG is 4.48, P/S is 4.26 and the P/B is at 2.34. The P/cash is 9.71, with P/free cash flow at 60.35.

Medtronic plc ability to deal with debt shows that the current ratio is 3.3, and the quick ratio is 2.8. This is with long term debt/equity at 0.58, and total debt/equity at 0.6.

In terms of margins, Medtronic plc has a gross margin of 68.30%, an operating margin of 18.40% and a profit margin of 12.30%.Payout ratio for Medtronic plc is 60.50%. Return on assets come to 3.40% with return on investment coming to 5.40%.

Insider ownership for Medtronic plc, is at 0.10% and institutional ownership comes to 85.10%. Outstanding shares are at 1408.88. While shares float is 1393.86. The float short is currently 1.15%, and short ratio is 3.28.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Mark Hines

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