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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 $81.26, up 4.05% from the previous day, and has decreased 6.29% in one year. It has overperformed other stocks in the Medical Devices industry by 0.16 percentage points. Medtronic stock is currently +18.04% from its 52-week low of $68.84, and -10.7% from its 52-week high of $91.00.

As of Jul 17, 2024, there are 1.28B MDT shares outstanding. The market capitalization of MDT is $104.20B. In the past 24 hours, 9.56M MDT shares were traded.

How to Buy Medtronic Stock

Wondering how to invest in Medtronic stock? Here's how.
  1. 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.
  2. Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit funds into your investment account: Choose your method of payment and add your details.
  4. 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).
  5. 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.
  6. 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.

A brokerage account enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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.

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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

MDT Price
$81.26
1w %
5.45%
1y %
-6.29%
5y %
-19.48%
P/E
29.34x
P/B
2.08x
P/S
3.33x
PEG
0.93x
Revenue
$32.36B
Earnings
$3.68B
Fore. Rev. Growth
4.16%
Fore. Earn. Growth
31.41%
Market Cap
$104.20B
Next Earnings
Aug 20, 2024
Next Dividend
N/A

Medtronic Zen 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 29.34x, relative to Medical Devices industry P/E ratio of 30.16x
  • MDT could be undervalued based on its P/B ratio of 2.08x, relative to Medical Devices industry P/B ratio of 3.92x
  • MDT could be undervalued based on its PEG ratio of 0.93x

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's operating cash flow of $6.79B allows it to safely service it's debt of $25.02B.
  • MDT earnings of $5.53B is not sufficient to cover its interest payments.
  • Total MDT debt is lower than 5 years ago, relative to shareholder equity.

Negative Health Checks:

  • MDT has a relatively high debt to equity ratio of 0.79.
  • There are more long-term liabilities than short-term assets on the MDT balance sheet.
  • MDT profit margin has gone down from 12% to 11.4% in the past year.

Is Medtronic stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 8 sell side analysts who track MDT, the consensus analyst rating on MDT is a Hold

Please note that analyst forecasts are not stock recommendations, nor are they investment advice.

Latest MDT Analyst Upgrades/Downgrades

Matthew Taylor, a top 12% analyst from UBS maintains MDT with a strong sell rating and raises their MDT price target from $75.00 to $76.00, on May 24, 2024.

Steven Lichtman, a top 28% analyst from Oppenheimer maintains MDT with a hold rating and raises their MDT price target from $89.00 to $92.00, on Feb 21, 2024.

Anthony Petrone, a top 10% analyst from Mizuho maintains MDT with a strong buy rating and raises their MDT price target from $95.00 to $98.00, on Feb 21, 2024.

You can dig deeper into what analysts are saying on the Medtronic stock forecast page.

MDT Technical Indicators

SMA10
77.8
SMA20
78.68
SMA50
81.14
SMA100
82.1
SMA200
80.92
MACD
-0.76
MACD Signal
-1.09
MACD Histogram
0.33
RSI
59.01
Stochastic %K
55.32
Stochastic %D
39.96
StochRSI %K
82.1
StochRSI %D
69.94

MDT Revenue

Last year, MDT earnings were $3.68B. During the last five year, MDT's earnings have grown by -4.24% per year. This was slower than the Medical Devices industry average of 7.87%.

Last year, MDT revenue was $32.36B. During the last 5 year, MDT's revenue has gone up by 1.16% per year. This was slower than the Medical Devices industry average of 11.58%.

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.

Geoffrey Martha, Chairman and CEO of MDT, was the latest MDT insider to sell. They sold $133,609.08 worth of MDT stock on Jun 7, 2024.

Research more about who owns MDT stock here.

Does MDT stock generate passive income?

Medtronic pays a dividend of 3.41%, compared to the Medical Devices industry's average dividend yield of 1.55%. If you owned $1,000 worth of MDT stock, you would have received $34.09 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

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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.

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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:

  1. Decide where to buy Medtronic stock
  2. Sign up for a brokerage account
  3. Deposit funds into your investment account
  4. Analyze Medtronic stock
  5. Make your MDT purchase
  6. Monitor your MDT investment

If you require a place to buy stocks, eToro is our favorite option.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to track your new investment in Medtronic, create a watchlist today.

NYSE: MDT
$81.26+3.16 (+4.05%)
Updated Jul 17, 2024
Open eToro Account
NYSE: MDT
$81.26+3.16 (+4.05%)
Updated Jul 17, 2024
Open eToro Account

FAQ

How much does it cost to buy one Medtronic share?

As of Jul 17, 2024, it costs $81.26 to buy one share of Medtronic stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.123 shares of MDT.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Medtronic stock?

According to 8 Wall Street analysts who monitor Medtronic, their consensus recommendation is to hold Medtronic stock.

What is the best way to buy Medtronic stock?

One way to place an order for Medtronic stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.