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 $79.48, up 0.37% from the previous day, and has decreased 6.35% in one year. It has overperformed other stocks in the Medical Devices industry by 0.12 percentage points. Medtronic stock is currently +15.46% from its 52-week low of $68.84, and -13.63% from its 52-week high of $92.02.
As of Apr 19, 2024, there are 1.33B MDT shares outstanding. The market capitalization of MDT is $105.54B. In the past 24 hours, 6.72M 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.
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- 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.
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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.
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 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 25.23x, relative to Medical Devices industry P/E ratio of 28.69x
- MDT could be undervalued based on its P/B ratio of 2.04x, relative to Medical Devices industry P/B ratio of 3.63x
- MDT could be undervalued based on its PEG ratio of 0.91x
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 $6.47B allows it to safely service it's debt of $25.18B.
- MDT earnings of $6.20B 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 0.75.
- There are more long-term liabilities than short-term assets on the MDT balance sheet.
- MDT profit margin has gone down from 13.2% to 13% in the past year.
Is Medtronic stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 5 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.
You can dig deeper into what analysts are saying on the Medtronic stock forecast page.
MDT Technical Indicators
MDT Performance Numbers
Last year, MDT earnings were $4.20B. In the last five year, MDT's earnings have gone up by -2.9% per year. This was slower than the Medical Devices industry average of 9.2%.
Last year, MDT revenue was $32.32B. During the past five year, MDT's revenue has gone up by 1.13% per year. This was slower than the Medical Devices industry average of 13.38%.
Dive into MDT's earnings and revenue performance here.
Who is buying/selling MDT?
In the last year, insiders 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 $71,001.56 worth of MDT stock on Apr 8, 2024.
Research more about who owns MDT shares here.
Does MDT provide a stable income stream?
Medtronic pays a dividend of 3.47%, compared to the Medical Devices industry's average dividend yield of 1.58%. If you owned $1,000 worth of MDT stock, you would have been paid $34.73 in the past 12 months.
Medtronic dividend payments have consistently grown over the past decade and have remained stable.
Find more info about Medtronic dividend yield and history here.
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Step 5: Make your MDT purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given price, place a limit order.
Press the Open Trade button and your broker will place the order.
If you require more assistance investing in stocks on eToro, watch the how to video below:
Step 6: Monitor your MDT investment
Now that you own some MDT shares, you'll want to keep up with your stock purchase.
Add MDT to a watchlist to track the most important metrics related to 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 are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep tabs on your new investment in Medtronic, click below.
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