Medtronic Plc (NYSE:MDT) is classified as a component of the 164 company Health Care Equipment & Supplies GICS industry group, which is a segment of the 785 company GICS Health Care sector. The market value of MDT is $106.2 billion which places it in the top decile in its industry group. The ranking for MDT by Portfolio Grader places it 105 among the 164 companies in this industry group, which is a below-average position; in the third quartile of the sector with a ranking of 477 among the 785 companies in the sector, and number 3,089 in the nearly 5,000 company Portfolio Grader universe.
Portfolio Grader currently ranks MDT as a Sell. Using Louis Navellier's investing methodology this stock analysis tool assesses stocks with fundamental and quantitative metrics. MDT has recently seen its Portfolio Grader rating downgraded over the last month from a Hold to a Sell.
The Health Care sector is ranked number 10 among the 12 sectors in the Portfolio Grader universe putting it in the bottom quartile of all the GICS sectors. The Health Care Equipment & Supplies industry group is ranked 40 among the 69 industry groups within the GICS sectors, placing it below-average in terms of the Navellier scoring system.
The scores earned by MDT are average or below-average scores in 6 of the 8 areas appraised by Portfolio Grader in the ranking of company stocks.
The company's operational scores provide mixed results with rankings for operating margin and earnings growth that are above average, while the score for sales growth is below average. Scores for visibility of earnings are worse than the industry norms for earnings revisions, earnings surprises, and earnings momentum. MDT's grades for cash flow and return on equity are worse than its industry group average. Based on these fundamental scores, Medtronic places in the third quartile of the industry group.
Quantitatively, Portfolio Grader uses the Navellier Proprietary Quantitative Score to measure MDT's shares from the angle of risk/reward. This proprietary scoring methodology assesses the relative value of the company's shares based on the current price of the shares relative to its peers, the market and risk associated with its industry and sector groups. Based on this risk/reward calculation, MDT currently scores below-average in its industry group compared to its peers.
Louis Navellier's proprietary Portfolio Grader stock ranking system assesses roughly 5,000 companies every week based on a number of fundamental and quantitative measures. Stocks are given a letter grade based on their results, with A being 'strong buy' and F being 'strong sell'. Explore the tool here.
Commentary provided by UpTick Data Technologies.
