Stock Rating Downgrade
The Value Trend Rating for Medtronic PLC (NYSE: MDT) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Medtronic PLC (NYSE: MDT) stock closed at $80.00 on 7/29/24 after an increase of 1.7%. NORMAL trading volume accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 0.7% during the last week.
Current PriceTarget Research Rating
MDT's future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Medtronic has a current Value Trend Rating of D (Negative). This rating combines highly consistent signals from two proprietary PTR measures of a stock's attractiveness. Medtronic has a neutral Appreciation Score of 43 and a neutral Power Rating of 40, and the Negative Value Trend Rating results.