2. As of noon trading, Medtronic ( MDT) is down $0.22 (-0.5%) to $45.81 on light volume Thus far, 805,095 shares of Medtronic exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $45.69-$46.24 after having opened the day at $46.02 as compared to the previous trading day's close of $46.03.

Medtronic, Inc. manufactures and sells device-based medical therapies worldwide. Medtronic has a market cap of $46.3 billion and is part of the health care sector. The company has a P/E ratio of 14.8, below the S&P 500 P/E ratio of 17.7. Shares are up 12.2% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Medtronic a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Medtronic as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Medtronic Ratings Report now.

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