Media stories about Medtronic (NYSE:MDT) have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by reviewing more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Medtronic earned a daily sentiment score of 1.48 on their scale. InfoTrie also gave news coverage about the medical technology company an news buzz score of 6 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the company’s share price in the near future.

These are some of the media stories that may have effected Medtronic’s ranking:

NYSE MDT opened at $92.97 on Thursday. The company has a quick ratio of 2.06, a current ratio of 2.46 and a debt-to-equity ratio of 0.47. The firm has a market cap of $122.05 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 2.40 and a beta of 0.94. Medtronic has a 52 week low of $76.41 and a 52 week high of $100.15.

Medtronic (NYSE:MDT) last posted its quarterly earnings data on Tuesday, November 20th. The medical technology company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.15 by $0.07. The company had revenue of $7.48 billion during the quarter, compared to analyst estimates of $7.35 billion. Medtronic had a net margin of 10.56% and a return on equity of 12.98%. Medtronic’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.07 earnings per share. Analysts predict that Medtronic will post 5.12 EPS for the current fiscal year.

Several equities research analysts recently weighed in on the stock. Raymond James reduced their price target on shares of Medtronic from $105.00 to $104.00 and set an “outperform” rating on the stock in a research report on Wednesday. Oppenheimer restated a “buy” rating and issued a $104.00 price target on shares of Medtronic in a research report on Tuesday. Zacks Investment Research cut shares of Medtronic from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. Barclays assumed coverage on shares of Medtronic in a research report on Monday, October 15th. They issued an “overweight” rating and a $113.00 price target on the stock. Finally, Argus boosted their price target on shares of Medtronic from $108.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, October 8th. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $102.98.

In other Medtronic news, SVP Richard Kuntz sold 47,176 shares of Medtronic stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $95.88, for a total transaction of $4,523,234.88. Following the completion of the transaction, the senior vice president now directly owns 152,579 shares of the company’s stock, valued at $14,629,274.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Hooman Hakami sold 26,159 shares of Medtronic stock in a transaction on Friday, August 31st. The stock was sold at an average price of $96.29, for a total transaction of $2,518,850.11. Following the transaction, the executive vice president now directly owns 63,046 shares of the company’s stock, valued at $6,070,699.34. The disclosure for this sale can be found here. Insiders have sold 123,134 shares of company stock valued at $11,918,901 over the last ninety days. 0.28% of the stock is owned by insiders.

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About Medtronic

Medtronic plc develops, manufactures, distributes, and sells device-based medical therapies to hospitals, physicians, clinicians, and patients worldwide. It operates through four segments: Cardiac and Vascular Group, Minimally Invasive Therapies Group, Restorative Therapies Group, and Diabetes Group.

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