After Piper Sandler and Cowen & Co. gave Medtronic (NYSE: MDT) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Steven Lichtman maintained a Buy rating on Medtronic today. The company’s shares closed last Monday at $117.33, close to its 52-week high of $122.15.
According to TipRanks.com, Lichtman has currently no stars on a ranking scale of 0-5 stars, with an average return of -4.0% and a 51.2% success rate. Lichtman covers the Healthcare sector, focusing on stocks such as Zimmer Biomet Holdings, Merit Medical Systems, and Integra Lifesciences.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Medtronic with a $127.75 average price target, representing a 9.3% upside. In a report issued on February 7, Needham also reiterated a Buy rating on the stock with a $134.00 price target.
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Based on Medtronic’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $7.71 billion and net profit of $1.36 billion. In comparison, last year the company earned revenue of $7.55 billion and had a net profit of $1.27 billion.
Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is neutral on the stock. Most recently, in December 2019, Richard Kuntz, the SVP & Chief Medical & Science of MDT sold 50,856 shares for a total of $5,776,101.
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