P/E Ratio Insights for Medtronic
Portfolio Pulse from Benzinga Insights
Medtronic Inc.'s (NYSE:MDT) stock price is currently at $71.64, after a 0.50% increase. However, the stock has decreased by 12.38% over the past month and by 13.43% over the past year. The company's P/E ratio of 26.31 is lower than the Health Care Equipment & Supplies industry average of 62.31, which could indicate that the stock is undervalued or that shareholders do not expect future growth.
October 13, 2023 | 5:30 pm
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Medtronic's stock price has increased by 0.50% to $71.64. However, it has decreased by 12.38% over the past month and 13.43% over the past year. The company's P/E ratio of 26.31 is lower than the industry average, which could indicate that the stock is undervalued or that shareholders do not expect future growth.
The stock price of Medtronic has increased in the current market session but has shown a decrease over the past month and year. The company's P/E ratio is lower than the industry average, which could indicate that the stock is undervalued. However, it could also suggest that shareholders do not expect future growth. This uncertainty makes the short-term impact on the stock price neutral.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100