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Morning Market Movers: Medtronic plc (NYSE:MDT)

The company in question is, Medtronic plc (NYSE:MDT) currently with a stock price of 82.4 (-0.31% today). The market cap for Medtronic plc is 113.07 B, and is in the sector Healthcare, and Medical Appliances & Equipment industry. The target price for Medtronic plc is 87.94. Currently Medtronic plc is trading with a P/E of 29.09, and a forward P/E of 16.6. Average volume for Medtronic plc is 4195.91 and so far today it is 5225543.

Performance in the last year for Medtronic plc has been 3.91%. For EPS growth, Medtronic plc has seen a growth of 2.90%, and is looking to grow in the next year to 8.36%. More long term stats show that EPS growth has been -2.60% over the last five years and could be 7.37% for the next five years. Medtronic plc has seen sales growth quarter over quarter at 5.00%, with EPS growth quarter over quarter at -22.90%. The 20-day simple moving average is -0.69%, with the 200-day simple moving average coming to 2.81%.

Since the IPO date for Medtronic plc on the 12/31/1981, Medtronic plc has seen performance year to date to be 16.30%. With Medtronic plc trading at 82.4, the dividend yield is 2.09%, and the EPS is 2.83.

So could Medtronic plc, be undervalued? Well as said before P/E is 29.09. The PEG is 3.95, P/S is 3.85 and the P/B is at 2.29. The P/cash is 9.87, with P/free cash flow at 39.77.

Medtronic plc ability to deal with debt shows that the current ratio is 1.8, and the quick ratio is 1.5. This is with long term debt/equity at 0.52, and total debt/equity at 0.65.

In terms of margins, Medtronic plc has a gross margin of 68.60%, an operating margin of 17.70% and a profit margin of 13.50%.Payout ratio for Medtronic plc is 58.40%. Return on assets come to 4.00% with return on investment coming to 5.30%.

Insider ownership for Medtronic plc, is at 0.10% and institutional ownership comes to 87.40%. Outstanding shares are at 1372.2. While shares float is 1365.69. The float short is currently 0.49%, and short ratio is 1.6.

Graphs: Medtronic plc NYSE: MDT | Friday May 19, 2017

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Medtronic plc NYSE: MDT

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Medtronic plc NYSE: MDT

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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