How to Buy Medtronic Stock
Medtronic PLC
Medtronic is a medical device company located in Ireland, which is part of the Healthcare sector, and is traded under the ticker MDT on the NYSE exchange.
Medtronic stock last closed at $84.01, down 0.15% from the previous day, and has increased 6.29% in one year. It has overperformed other stocks in the Medical Devices industry by 0.2 percentage points. Medtronic stock is currently +10.6% from its 52-week low of $75.96, and -9.35% from its 52-week high of $92.68.
As of Dec 6, 2024, there are 1.28B MDT shares outstanding. The market capitalization of MDT is $107.72B. In the past 24 hours, 4.13M MDT shares were traded.
How to Buy Medtronic Stock
Wondering how to invest in Medtronic stock? Here's how.
- Decide where to buy Medtronic stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy Medtronic stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Choose your method of payment and add your details.
- Analyze Medtronic stock: The Medtronic ticker symbol is MDT. Is Medtronic stock a good investment? Should you buy shares of MDT? How do MDT's underlying business fundamentals look? Do top analysts think Medtronic is a good buy? Why has MDT's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if MDT is a good stock to buy).
- Make your MDT purchase: Decide if you will purchase MDT shares at the current market price or use a limit order to purchase MDT stock at a specific price.
- Monitor your MDT investment: Create a watchlist to keep tabs on your investment in Medtronic stock.
Step 1: Decide where to buy Medtronic stock
You will need a brokerage account in order to access the NYSE market and buy MDT shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the best brokerage, you'll need to fill out some personal details so you are able to invest in MDT today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start a new trading account.
- Submit your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have filled out your info on stock apps to use, you need to deposit funds:
Check out the video below to see the process of depositing funds into your new brokerage account.
Step 4: Analyze Medtronic stock
After you have identified the best place to buy Medtronic stock, it's critical to research their stock before you invest, so you can comprehend the risk and opportunity.
Medtronic Numbers
Medtronic Due Diligence Score
WallStreetZen was designed to help average investors perform more in-depth fundamental analysis.
You can view all of the due diligence checks on MDT's stock page.
Is MDT stock properly valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge MDT's intrinsic value.
Using relative valuations ratios:
- MDT may be undervalued based on its P/E ratio of 25.53x, relative to Medical Devices industry P/E ratio of 36.83x
- MDT could be undervalued based on its P/B ratio of 2.22x, relative to Medical Devices industry P/B ratio of 4.05x
- MDT could be overvalued based on its PEG ratio of 1.05x
You can access more valuation research on MDT's stock here.
MDT Financial Health Overview
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the MDT balance sheet.
- MDT earnings of $5.89B is not sufficient to cover its interest payments.
- MDT profit margin has gone up from 12.8% to 13% in the past year.
- MDT's operating cash flow of $7.20B allows it to safely service it's debt of $28.33B.
Negative Health Checks:
- Total MDT debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the MDT balance sheet.
- MDT has a relatively high debt to equity ratio of 0.85.
Is Medtronic stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 12 sell side analysts who track MDT, the consensus analyst rating on MDT is a Buy
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest MDT Analyst Upgrades/Downgrades
Shagun Singh, a top 29% analyst from RBC Capital upgrades MDT to a buy rating and raises their MDT price target from $98.00 to $105.00, on Oct 10, 2024.
Vijay Kumar, a bottom 8% analyst from Evercore ISI Group maintains MDT with a buy rating and raises their MDT price target from $100.00 to $104.00, on Oct 1, 2024.
Joanne Wuensch, a top 9% analyst from Citigroup maintains MDT with a hold rating and raises their MDT price target from $85.00 to $92.00, on Oct 1, 2024.
Steven Lichtman, a top 27% analyst from Oppenheimer maintains MDT with a hold rating and raises their MDT price target from $92.00 to $94.00, on Aug 21, 2024.
Matthew O'Brien, a bottom 5% analyst from Piper Sandler maintains MDT with a hold rating and raises their MDT price target from $85.00 to $90.00, on Aug 21, 2024.
You can dig deeper into what analysts are saying on the Medtronic stock forecast page.
MDT Technical Indicators
MDT Revenue
Last year, MDT earnings were $4.29B. During the last five year, MDT's earnings have grown by -1.12% per year. This was slower than the Medical Devices industry average of 15.82%.
Last year, MDT revenue was $33.00B. During the last 5 year, MDT's revenue has gone up by 1.33% per year. This was slower than the Medical Devices industry average of 10.42%.
You can research MDT's earnings and revenue performance here.
Latest Insiders Trades at MDT
Over the past 12 months, executives and large shareholders at MDT have sold more shares than they have bought.
Michael Marinaro, EVP President Surgical OU of MDT, was the latest MDT insider to sell. They sold $174,602.10 worth of MDT stock on Aug 20, 2024.
Research more about who owns MDT stock here.
Does MDT stock generate passive income?
Medtronic pays a dividend of 3.31%, compared to the Medical Devices industry's average dividend yield of 1.59%. If you owned $1,000 worth of MDT stock, you would have received $33.09 last year.
Medtronic dividend payments have consistently grown over the past decade and have remained stable.
Find more analysis about Medtronic dividend yield and history here.
MDT Social Trading Data
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your MDT purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually the best for newer investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount limit, use a limit order.
Click the Open button and eToro will execute your order.
If you require additional help with buying stocks on eToro, watch the helpful video below:
Step 6: Monitor your MDT investment
Now that you own some MDT stock, you'll want to stay up-to-date on your company.
Put MDT on a watchlist to track the latest developments regarding your MDT stock.
MDT Feed
How to Buy Stock in Medtronic
To summarize, here are the 6 steps for buying Medtronic stock:
- Decide where to buy Medtronic stock
- Sign up for a brokerage account
- Deposit funds into your investment account
- Analyze Medtronic stock
- Make your MDT purchase
- Monitor your MDT investment
If you require a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to track your new investment in Medtronic, create a watchlist today.
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