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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 87.17 (-0.17% today). The market cap for Medtronic plc is 121358.07, and is in the sector Healthcare, and Medical Appliances & Equipment industry. The target price for Medtronic plc is 94.74. Currently Medtronic plc is trading with a P/E of 35.09, and a forward P/E of 16.84. Average volume for Medtronic plc is 4514.84 and so far today it is 3995000.

Performance in the last year for Medtronic plc has been 28.34%. For EPS growth, Medtronic plc has seen a growth of 2.90%, and is looking to grow in the next year to 11.19%. More long term stats show that EPS growth has been -2.60% over the last five years and could be 8.10% for the next five years. Medtronic plc has seen sales growth quarter over quarter at -1.50%, with EPS growth quarter over quarter at 13.30%. The 20-day simple moving average is 0.03%, with the 200-day simple moving average coming to 9.46%.

Since the IPO date for Medtronic plc on the 12/31/1981, Medtronic plc has seen performance year to date to be 14.47%. With Medtronic plc trading at 87.17, 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 35.09. The PEG is 4.33, P/S is 4.21 and the P/B is at 2.39. The P/cash is 9.47, with P/free cash flow at 46.68.

Medtronic plc ability to deal with debt shows that the current ratio is 3, and the quick ratio is 2.5. This is with long term debt/equity at 0.59, and total debt/equity at 0.63.

In terms of margins, Medtronic plc has a gross margin of 68.30%, an operating margin of *TBA and a profit margin of *TBA.Payout ratio for Medtronic plc is 43.80%. Return on assets come to *TBA with return on investment coming to 5.40%.

Insider ownership for Medtronic plc, is at 0.10% and institutional ownership comes to 84.90%. Outstanding shares are at 1392.2. While shares float is 1389.16. The float short is currently 0.90%, and short ratio is 2.76.

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.

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Tony Dabbs

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