MDT - Medtronic: Why I Disagree With The Crowd
2024-06-14 01:05:50 ET
Summary
- MDT stock enjoys a bullish rating from analysts and Seeking Alpha writers.
- But insider transactions are completely dominated by selling - for good reasons in my view.
- The valuation is not as attractive as on the surface once growth is factored in.
- I also see profitability and growth pressure judging by its recent ROCE data.
MDT stock: Buy rating meets insider selling
The prevailing sentiment surrounding Medtronic plc ( MDT ) stock is very bullish as you can see from the chart below. The chart shows that both Seeking Alpha writers and Wall Street analysts rate MDT as a buy. To wit, Wall Street analysts have a majority buy rating on MDT, with 11 analysts recommending a strong buy and 5 recommending a buy (out of 33 analysts in the last 90 days). Only 2 analysts recommend selling the stock. Seeking Alpha writers have an even more bearish sentiment on MDT. All of the 6 authors who rated the stock in the last 90 days recommended either buy or strong buy....
Medtronic: Why I Disagree With The Crowd