Medtronic PLC (MDT) is Initiated by Citigroup to Buy, Price Target at $102

Medtronic PLC (MDT) was Initiated by Citigroup to “Buy” and the brokerage firm has set the Price Target at $102. Citigroup advised their investors in a research report released on Aug 23, 2016.

Many Wall Street Analysts have commented on Medtronic PLC. Medtronic PLC was Initiated by Guggenheim to “Neutral” on Jun 9, 2016. Company shares were Reiterated by Needham on Jun 7, 2016 to “Buy”, Firm has raised the Price Target to $ 93 from a previous price target of $90 .Company shares were Reiterated by Wedbush on Jun 1, 2016 to “Neutral”, Firm has raised the Price Target to $ 82 from a previous price target of $79 .

On the company’s financial health, Medtronic PLC reported $1.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 31, 2016. Analyst had a consensus of $1.26. The company had revenue of $7567.00 million for the quarter, compared to analysts expectations of $7488.95 million. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS.

Medtronic PLC closed down -0.04 points or -0.05% at $87.04 with 54,05,005 shares getting traded on Friday. Post opening the session at $86.77, the shares hit an intraday low of $86.44 and an intraday high of $87.32 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jul 27, 2016, Bryan C Hanson (EVP, President, MITG) sold 15,000 shares at $87.00 per share price. According to the SEC, on Jul 19, 2016, Geoffrey Martha (EVP & GroupPres Restora Therap) sold 3,766 shares at $88.26 per share price. On Jul 14, 2016, Gary Lee Ellis (EVP & Global Ops and IT) sold 35,495 shares at $88.64 per share price, according to the Form-4 filing with the securities and exchange commission.

Medtronic plc (Medtronic) is a medical technology and services company. The Company develops manufactures and markets its medical devices and technologies to hospitals physicians clinicians and patients in approximately 160 countries. The Company operates in four segments: Cardiac and Vascular Group Minimally Invasive Technologies Group Restorative Therapies Group and Diabetes Group. The Cardiac and Vascular Group segment includes Cardiac Rhythm & Heart Failure Coronary & Structural Heart and Aortic & Peripheral Vascula. Its Minimally Invasive Technologies Group segment includes Surgical Solutions and Patient Monitoring and Recovery. Its Restorative Therapies Group segment includes Spine Neuromodulation Surgical Technologies and Neurovascular. Its Diabetes Group segment includes Intensive Insulin Management Non-Intensive Diabetes Therapies and Diabetes Services & Solutions. Medtronic Inc. is a subsidiary of the Company.

Medtronic PLC

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