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MDT
Stock ticker:
NYSE
AS OF
Jul 1 closing price
Price
$91.39
Change
+$1.79 (+2.00%)
Capitalization
121.42B

MDT Price Prediction, Medtronic plc AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Jul 01, 2022

MDT's RSI Indicator climbs out of oversold territory

The RSI Oscillator for MDT moved out of oversold territory on June 22, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 18 similar instances when the indicator left oversold territory. In 14 of the 18 cases the stock moved higher. This puts the odds of a move higher at 78%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 29, 2022. You may want to consider a long position or call options on MDT as a result. In of 97 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for MDT just turned positive on June 24, 2022. Looking at past instances where MDT's MACD turned positive, the stock continued to rise in of 56 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MDT advanced for three days, in of 336 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MDT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for MDT entered a downward trend on June 28, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.311) is normal, around the industry mean (6.885). P/E Ratio (24.510) is within average values for comparable stocks, (92.096). Projected Growth (PEG Ratio) (2.140) is also within normal values, averaging (4.201). Dividend Yield (0.028) settles around the average of (0.022) among similar stocks. P/S Ratio (3.897) is also within normal values, averaging (79.458).

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MDT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 84, placing this stock slightly better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

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A.I.Advisor
published price charts
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A.I. Advisor
published Earnings

MDT is expected to report earnings to fall 26.32% to $1.12 per share on August 23

Medtronic plc MDT Stock Earnings Reports
Q3'22
Est.
$1.12
Q2'22
Missed
by $0.04
Q1'22
Est.
$1.37
Q4'21
Beat
by $0.03
Q3'21
Beat
by $0.09
The last earnings report on May 26 showed earnings per share of $1.52, missing the estimate of $1.56. With 3.99M shares outstanding, the current market capitalization sits at 121.42B.
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A.I.Advisor
published Dividends

MDT is expected to pay dividends on July 15, 2022

Medtronic plc MDT Stock Dividends
A dividend of $0.68 per share will be paid with a record date of July 15, 2022, and an ex-dividend date of June 23, 2022. The last dividend of $0.63 was paid on April 22. Read more...
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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Abbott Laboratories (NYSE:ABT), Medtronic plc (NYSE:MDT), Intuitive Surgical (NASDAQ:ISRG), Edwards Lifesciences Corp (NYSE:EW), Boston Scientific Corp (NYSE:BSX), IQVIA Holdings (NYSE:IQV), Illumina (NASDAQ:ILMN), Align Technology (NASDAQ:ALGN), Exact Sciences Corp (NASDAQ:EXAS), Guardant Health (NASDAQ:GH).

Industry description

Medical specialties are companies that make equipment used by the health care industry. Equipment manufactured and distributed by these companies include dialysis machines, blood analysis equipment, surgical equipment, dental instruments, and diagnostic tools, among other items. Large companies typically aim to produce and distribute high-quality products across a broad market spectrum. Smaller firms are more likely to specialize in a particular market segment. Due to the industry’s close association with medical treatments, they typically have low sensitivity to macroeconomic fluctuations. Within this industry, Abbott Laboratories, Medtronic Plc and Thermo Fisher Scientific Inc. are some of the companies with multi-billion market capitalizations in the U.S. stock markets.

Market Cap

The average market capitalization across the Medical Specialties Industry is 5.74B. The market cap for tickers in the group ranges from 775 to 3.72T. MKYSF holds the highest valuation in this group at 3.72T. The lowest valued company is BIIO at 775.

High and low price notable news

The average weekly price growth across all stocks in the Medical Specialties Industry was -1%. For the same Industry, the average monthly price growth was -0%, and the average quarterly price growth was -26%. HTGM experienced the highest price growth at 98%, while ABMT experienced the biggest fall at -77%.

Volume

The average weekly volume growth across all stocks in the Medical Specialties Industry was -68%. For the same stocks of the Industry, the average monthly volume growth was -34% and the average quarterly volume growth was -32%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 71
Price Growth Rating: 71
SMR Rating: 67
Profit Risk Rating: 84
Seasonality Score: -3 (-100 ... +100)
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published General Information

General Information

a provider of medical technology services

Industry MedicalSpecialties

Profile
Fundamentals
Details
Industry
Medical Specialties
Address
Lower Hatch Street
Phone
+353 14381700
Employees
95000
Web
https://www.medtronic.com

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MDT and

Correlation & Price change

A.I.dvisor indicates that over the last year, MDT has been closely correlated with SYK. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if MDT jumps, then SYK could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MDT
1D Price
Change %
MDT100%
+1.82%
SYK - MDT
75%
Closely correlated
+2.48%
BSX - MDT
72%
Closely correlated
+1.99%
GMED - MDT
61%
Loosely correlated
+2.81%
STE - MDT
60%
Loosely correlated
+2.33%
IART - MDT
59%
Loosely correlated
+1.80%
More