Alert: Positive Investment/Fundamental Signals (12/15/23)-Medtronic PLC (NYSE: MDT)


Extremely important positive changes in investment behavior have recently occurred for Medtronic PLC (NYSE: MDT): its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and positive upside/downside volume developed.

Medtronic PLC (NYSE: MDT). Slight positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

MDT is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Medtronic has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Medtronic has a neutral Appreciation Score of 40 and a slightly negative Power Rating of 38, producing the Negative Value Trend Rating.

Recent Price Action

Medtronic PLC (NYSE: MDT) stock declined slightly by -1.0% on 12/15/23. The stock closed at $82.61. Moreover, this decline was accompanied by unusually high trading volume at 168% of normal. The stock has performed in line with the market over the last nine months and has risen 3.8% during the last week.

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