Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Medtronic PLC before investing.

In this article, we go over a few key elements for understanding Medtronic PLC’s stock price such as:

• Medtronic PLC’s current stock price and volume
• Why Medtronic PLC’s stock price changed recently
• Upgrades and downgrades for MDT from analysts
• MDT’s stock price momentum as measured by its relative strength

About Medtronic PLC (MDT)

Before we jump into Medtronic PLC’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Medtronic Public Limited Company is an Ireland-based company, which provides healthcare technology solutions. The Company?s products category includes Advanced Surgical Technology; Cardiac Rhythm; Cardiovascular; Digestive & Gastrointestinal; Ear, Nose & Throat; General Surgery; Gynecological; Neurological; Oral & Maxillofacial; Patient Monitoring; Renal Care; Respiratory; Spinal & Orthopedic; Surgical Navigation & Imaging; Urological; Product Manuals; Product Ordering & Inquiries; and Product Performance & Advisories. Its products include Cardiac Implantable Electronic Device (CIED) Stabilization, Aortic Stent Graft Products, CareLink Personal Therapy Management Software, CareLink Pro Therapy Management Software. Its services and solutions include Ambulatory Surgery Center Resources, Care Management Services, Digital Connectivity Information Technology (IT) Support, Equipment Services and Support, Innovation Lab, Medtronic Healthcare Consulting, and Office-Based Sinus Surgery.

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Medtronic PLC’s Stock Price as of Market Close

As of November 21, 2023, 4:00 PM, CST, Medtronic PLC’s stock price was $78.62.

Medtronic PLC is up 4.6% from its previous closing price of $75.16.

During the last market session, Medtronic PLC’s stock traded between $74.66 and $75.64. Currently, there are 1,330.50 million shares of Medtronic PLC stock available for purchase.

Medtronic PLC’s price-earnings (P/E) ratio is currently at 27.7, which is low compared to the Medical Equipment, Supplies & Distribution industry median of 35.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Medtronic PLC Stock Price History

Medtronic PLC’s (MDT) price is currently up 11.42% so far this month.

During the month of November, Medtronic PLC’s stock price has reached a high of $78.82 and a low of $69.32.

Over the last year, Medtronic PLC has hit prices as high as $92.02 and as low as $68.84. Year to date, Medtronic PLC’s stock is down 24%.

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What Caused Medtronic PLC Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of November 20, 2023, there were 0 analysts who downgraded Medtronic PLC’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Medtronic PLC’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Medtronic PLC’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Medtronic PLC’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Medtronic PLC (MDT) by visiting AAII Stock Evaluator.

Relative Price Strength of Medtronic PLC

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of November 20, 2023, Medtronic PLC has a weighted four-quarter relative price strength of -6.50%, which translates to a Momentum Score of 45 and is considered to be Average.

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Medtronic PLC Stock Price: Bottom Line

As of November 21, 2023, Medtronic PLC’s stock price is $78.62, which is up 4.6% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Medtronic PLC stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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