In a report released yesterday, Ryan Daniels from William Blair reiterated a Hold rating on Medtronic (NYSE: MDT). The company’s shares closed yesterday at $90.60, close to its 52-week high of $91.50.
According to TipRanks.com, Daniels is a 4-star analyst with an average return of 20.6% and a 54.0% success rate. Daniels covers the Services sector, focusing on stocks such as Healthcare Services, Envision Healthcare, and Cotiviti Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Medtronic with a $96.58 average price target.
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Medtronic’s market cap is currently $122.7B and has a P/E ratio of 40.09. The company has a Price to Book ratio of 2.42.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock.
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