Medtronic (MDT) Hits New Lifetime High Today
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Medtronic as such a stock due to the following factors:
- MDT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $453.6 million.
- MDT has traded 41,162 shares today.
- MDT is trading at a new lifetime high.
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More details on MDT:
Medtronic plc manufactures and sells device-based medical therapies worldwide. The stock currently has a dividend yield of 1.9%. MDT has a PE ratio of 54. Currently there are 14 analysts that rate Medtronic a buy, 1 analyst rates it a sell, and 4 rate it a hold.
The average volume for Medtronic has been 5.5 million shares per day over the past 30 days. Medtronic has a market cap of $143.2 billion and is part of the health care sector and health services industry. The stock has a beta of 1.04 and a short float of 0.9% with 2.21 days to cover. Shares are up 3.7% year-to-date as of the close of trading on Friday.
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Analysis:
rates Medtronic as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, increase in net income, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.
Highlights from the ratings report include:
- MDT's very impressive revenue growth greatly exceeded the industry average of 29.7%. Since the same quarter one year prior, revenues leaped by 60.6%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Health Care Equipment & Supplies industry average. The net income increased by 12.1% when compared to the same quarter one year prior, going from $977.00 million to $1,095.00 million.
- Net operating cash flow has slightly increased to $1,797.00 million or 1.69% when compared to the same quarter last year. In addition, MEDTRONIC PLC has also modestly surpassed the industry average cash flow growth rate of -5.16%.
- MDT's debt-to-equity ratio of 0.71 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further. Even though the debt-to-equity ratio shows mixed results, the company's quick ratio of 2.72 is very high and demonstrates very strong liquidity.
- You can view the full Medtronic Ratings Report.
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