SunTrust Banks, Inc. Reiterates Buy Rating for Medtronic PLC (MDT)

Sunday, 05 Nov, 2017

SunTrust Banks, Inc. reissued a "buy" rating and set a $96.00 price target on shares of Medtronic PLC in a research report on Monday, October 2nd. The firm has a market cap of $106,240.57, a price-to-earnings ratio of 16.72, a P/E/G ratio of 2.17 and a beta of 1.00. It is down 42.81% since November 5, 2016 and is uptrending. It has outperformed by 149.00% the S&P500.

In other Medtronic PLC news, CEO Omar Ishrak sold 140,407 shares of Medtronic PLC stock in a transaction on Friday, September 15th. The Confluence Investment Management Llc holds 45,623 shares with $4.21 million value, down from 49,532 last quarter. First Trust Advisors LP increased its stake in shares of Medtronic PLC by 35.9% in the third quarter. Corporate insiders own 0.31% of the company's stock. About 6.94 million shares traded or 19.04% up from the average. Todd Asset Management LLC acquired a new stake in shares of Medtronic PLC during the third quarter worth $200,000. It has underperformed by 12.66% the S&P500. Ordinary Shares (NYSE:MDT). Winslow Evans & Crocker Inc holds 0% or 3,508 shares in its portfolio. During the same period in the prior year, the firm posted $1.03 EPS. equities research analysts forecast that Medtronic PLC will post 4.64 earnings per share for the current fiscal year.

Investors sentiment decreased to 0.9 in 2017 Q2. Its down 0.10, from 1 in 2017Q1. It fall, as 72 investors sold MDT shares while 449 reduced holdings. 99 funds opened positions while 370 raised stakes. Quantitative Systematic Strategies Llc reported 4,819 shares. Medtronic PLC had a net margin of 13.75% and a return on equity of 12.92%. 17,173 were accumulated by Fernwood Investment Ltd. The Pennsylvania-based Minerva Advisors Llc has invested 0.06% in the stock. Ordinary Shares (NYSE:MDT). Willis Counsel reported 0.66% stake. 223,000 are owned by Menora Mivtachim Limited. Live Your Vision Llc stated it has 0.13% in Medtronic plc. Ordinary Shares (NYSE:MDT) for 18,470 shares. Medtronic PLC's dividend payout ratio (DPR) is 61.95%. Cadiz Inc (NASDAQ:CDZI) has risen 165.70% since November 4, 2016 and is uptrending.

Healthinvest Partners Ab holds 1.66% of its portfolio in ImmuCell Corporation for 182,133 shares. D E Shaw And Communication has 618,276 shares. Whittier Trust Of Nevada has invested 0.15% in Medtronic plc. Ordinary Shares (NYSE:MDT) for 14,755 shares. The medical technology company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.01 by $0.02. Vetr raised shares of Medtronic PLC from a "buy" rating to a "strong-buy" rating and set a $91.28 price objective for the company in a research note on Tuesday. Therefore 67% are positive. Medtronic had 69 analyst reports since August 10, 2015 according to SRatingsIntel. As per Tuesday, August 22, the company rating was maintained by Stifel Nicolaus. As per Tuesday, August 23, the company rating was initiated by Citigroup.

Parke Bancorp, Inc.is a bank holding firm of Parke Bank. The stock of Kinder Morgan Inc (NYSE:KMI) earned "Buy" rating by Tudor Pickering on Friday, August 14. Jefferies maintained the shares of MDT in report on Tuesday, June 27 with "Buy" rating. Evercore upgraded the shares of MDT in report on Thursday, October 8 to "Buy" rating. As per Wednesday, October 11, the company rating was maintained by RBC Capital Markets. Motco lifted its position in shares of Medtronic PLC by 8.7% during the second quarter. Bank of America reinitiated the stock with "Buy" rating in Thursday, September 29 report. Bowen Hanes & Com holds 0.02% in Medtronic plc. Ordinary Shares (NYSE:MDT) news was published by Investorplace.com which published an article titled: "3 Big Stock Charts for Monday: Activision Blizzard, Inc". Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company's stock. Therefore 59% are positive. The firm has "Outperform" rating by William Blair given on Thursday, July 6. The rating was maintained by Goldman Sachs with "Buy" on Sunday, August 16. The rating was maintained by Compass Point on Thursday, January 21 with "Buy". The stock of Tailored Brands Inc (NYSE:TLRD) has "Buy" rating given on Friday, May 5 by Johnson Rice. Following the completion of the transaction, the chief executive officer now owns 668,503 shares of the company's stock, valued at $54,569,899.89. It also increased its holding in Dominion Diamond Corp (NYSE:DDC) by 2.53M shares in the quarter, for a total of 4.05 million shares, and has risen its stake in Nxp Semiconductors N V (Call) (NASDAQ:NXPI).

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