
NYSE:MDT
This summary was created by AI, based on 4 opinions in the last 12 months.
Medtronic Inc (MDT) is viewed positively by various experts, benefiting from demographic tailwinds as the aging Baby Boomer population becomes a relevant customer base. The company is currently trading at a price-to-earnings (PE) ratio of 15x, complemented by a solid 7% free cash flow yield and anticipated earnings growth of 8-9% over the next several years. Recent momentum has seen the stock rise 20% in the past three months, suggesting strong market interest as it approaches its upcoming earnings report. Despite competition, particularly from Boston Scientific, Medtronic's diversified portfolio sets it apart from peers who may lack similar R&D capabilities. While short- to medium-term outlook is optimistic, some experts caution against viewing Medtronic as a long-term investment due to potential challenges in maintaining leadership and innovation in the industry.
Likes this medical device-maker. They presented at today's JPMorgan's healthcare conference. The stocked slipped 1% today after the company trimmed organic growth forecast this quarter because the explosion of Covid cases is forcing the postponement of medical procedures. This happened at a previous conference, so he's not surprised. The Covid issue is temporary and meanwhile more people will get vaccinated that will unleash pent-up demand for MDT's devices.
A large medical tech company, one of the largest in that field. It is a nice industry that he likes. They deliver consistent earnings growth. It is more of an oligopoly market. It could be a core holding in a portfolio to get medical technology exposure. He holds BSX-N, however.