Medtronic (NYSE symbol MDT) is a large cap stock of one of the world's biggest biomedical device manufacturers. It belongs to the health sector under the sub industry heading of "health care equipment." MDT's products have exposure to both national and international medical markets.
Statistics
The stock's 52 weeks range has vacillated between $24 and $56.97, and is currently trading at $34.89 (as of June 2009). The current market capitalization stands at $38.89 billion, with a current dividend rate of $0.82 per share.
Risk
Standard & Poor's rates MDT as a medium risk stock. The rationale for their evaluation resides in the fact that the sector is extremely competitive and susceptible to share loss through technological developments from competitors.
Revenue
MDT has managed to consistently produce yearly revenue since 2004. From 2004 to 2009, the company's revenue has increased over 50 percent, from $9 billion to $14.6 billion.
Earnings per share
From 2007 to 2008, the company's EPS fell from $2.41 to $1.95. Although earnings per share from 2008 to 2009 fell two cents to $1.93, the reduction was not as sharp as the previous year's. Although EPS has fallen, it has not been in negative territory.
Valuation
The current S&P fair market price valuation of MDT is at $51.50. The volatility of the stock is ranked low and the technical evaluation is ranked as bullish, meaning that MDT is a good buy at current price levels.
