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Medtronic plc (NYSE: MDT) – Is this large market cap stock undervalued?

Medtronic plc (NYSE: MDT), is firmly in the large market cap category with market cap of 119743.12. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for Medtronic plc is 86.26 (with a change from open of 0.16%), this in conjunction with a target price of 94.74. Volume today has so far reached 1455363, with an average volume of about 4487.44. The GAP for this stock, is 0.13%.

The P/E ratio is 33.43, bringing the forward P/E to a value of 16.6. The current EPS for Medtronic plc, is 2.57, with a EPS growth for this year coming to a value of 2.90%. Performance has been interesting with performance year to date coming to 12.94%.

Looking further into the growth statistics for Medtronic plc, EPS is looking like it will grow 11.21% in the next year. Looking even further it is projected to be 8.10%. Quarter over quarter is 15.70% for EPS growth and for sales growth quarter over quarter it is -1.50%. Looking at past EPS growth statistics we see that for the past five years it has been -2.60%. Sales growth for the past five years has in fact been 13.20%.

Looking at the ownership, we see that the insider ownership is at 0.10% and institutional ownership is 85.60%. Shares outstanding is 1392.2, while shares float is at a value of 1378.78. Float short for Medtronic plc is 0.77% and the short ratio is 2.37.

In terms of debt, long term debt/equity is 0.59, while the total debt/equity comes to 0.63. The ability to meet these debts, means that the current ratio is 3, and the quick ratio is 2.5. The most recent gross margin is 68.90% and their operating margin is 18.50%. The profit margin is 12.70%.

Medtronic plc has seen returns on assets of 3.60%, and on investment, 5.40%. Return on equity is 7.10%. Price/Earnings to growth ratio is 4.12. Price/Sales ratio is at a value of 4.17, with Price/book ratio coming to 2.36 and Price/cash is 9.35, and finally Price/Free cash Flow is 46.06.

The simple moving averages are -1.10% and 7.70% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -3.37% and the 52 week low is 36.18%.

Medtronic plc has a dividend yield of 2.00%, with a current price of 86.26. The ability to pay this means the payout ratio is 60.40%. This is in an industry, Medical Appliances & Equipment, with equally high dividends from other companies in this sector, which it is Healthcare. Medtronic plc is based in USA.

Performance in the Medical Appliances & Equipment industry means that Medtronic plc has seen performance for the past week of 1.34%, with performance for the month coming to -1.29%. Looking at the data for the quarter it is at a value of 2.73%, and for the half year the performance is 23.36%. Volatility for this week is 1.52% and for the month this is 1.31%.

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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Stephen Butters

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