
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.
Medtronic vs. Stryker Both make medical devices, and have been impacted by COVID, because operations have been delayed. But now those ops are coming back. She owns JNJ instead, which includes a medical devices division. Unless there's a sharp uptick in the virus that shuts down hospitals again, demand for medical devices should rise and should even ramp in the near future.
A dividend aristocrat, gradually increasing the dividend every year. They are in medical devices. Any increase in surgery, hospital time and heart disease would be an upside for this story. It’s been a relative laggard for the group, but has been a very good performer longer-term, and has rewarded shareholders very well. Sees this as a mutual fund of device companies.