Stock Update: Medtronic Inc (NYSE:MDT) – Medtronic to Present Data on Micra® Transcatheter Pacing System at Upcoming FDA Advisory Committee Meeting

[GlobeNewswire] – DUBLIN – January 29, 2016 – Medtronic plc (NYSE: MDT) will present data on the world`s smallest pacemaker, the Micra ® Transcatheter Pacing System (TPS), at the U.S. Food and Drug Administration (FDA) … Read more on this. Medtronic plc (MDT) , currently valued at $106.76B, began trading this morning at $74.36. Looking at the stock, its one day range is $74.30 to $76.16 and has traded between $55.54 and $79.50 over the past 12 months. Medtronic (MDT) shares are currently priced at 16.87x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 4.27x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.52 per share annually in dividends, yielding 2.01%. Consensus earnings for the current quarter by the 22 sell-side analysts covering the stock is an estimate of $1.06 per share, which would be $0.07 worse than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $4.38 which would be a $0.10 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.98 Billion. If reported, that would be a 61.57% increase over the year-ago quarter. Recently, Needham Initiated MDT at Buy (Sep 30, 2014). Previously, Barclays upgraded MDT from Equal Weight to Overweight. When considering if the stock is under or overvalued, the average price target is $87.36, which is 17.48% above where the stock opened this morning. See more in (NYSE:MDT) Similar Articles: Stock Update: Medtronic Inc (NYSE:MDT) – Medical Appliances & Equipment Stocks Technical Report — Boston Scientific, Abbott Laboratories, Medtronic, and Hologic Company Update: Medtronic Inc (NYSE:MDT) – Medtronic TYRX(TM) Neuro Absorbable Antibacterial Envelope now Available for Use with Implantable Neurostimulators Company Update: Medtronic Inc (NYSE:MDT) – Medtronic EVP & CFO Gary Ellis to Speak at Wells Fargo Healthcare Conference