As one of the 782 companies in the GICS Health Care sector Medtronic Plc (NYSE:MDT) is a member of the 161 company Health Care Equipment & Supplies GICS industry group within this sector. MDT has a market value of $109.7 billion which is in the top 10% of its industry group. The ranking for MDT by Portfolio Grader places it 59 among the 161 companies in this industry group, giving it an above-average position; in the top half of the sector with a ranking of 241 among the 782 companies in the sector, and number 1,399 in the nearly 5,000 company Portfolio Grader universe.
MDT is rated as a Buy using Louis Navellier's Portfolio Grader stock evaluator, which incorporates his investing methodology. MDT has been upgraded from a Hold to a Buy in the last week.
The Health Care sector is ranked number 8 among the 12 sectors in the Portfolio Grader universe putting it in the third quartile of all the GICS sectors. The Health Care Equipment & Supplies industry group is ranked 31 among the 69 industry groups within the GICS sectors, placing it near the average in terms of the Navellier scoring system.
Medtronic has received above-average scores in 5 of the 8 fundamental areas evaluated by Portfolio Grader and average or below-average grades in 3 of the areas used in the ranking of company stocks.
The company's operational scores provide mixed results with rankings for earnings growth and operating margin that are significantly above average, while the score for sales growth is well below average. Scores for visibility of earnings are mixed, with rankings for earnings surprises and earnings momentum that are better than average, while the score for earnings revisions is worse than average. MDT's metric for return on equity is noticeably better than its industry group average but its ranking for cash flow is below-average. Based on these fundamental scores, Medtronic places in the top quartile of the industry group.
Quantitatively, Portfolio Grader uses the Navellier Proprietary Quantitative Score to gauge MDT's shares from the viewpoint of risk/reward. This unique scoring system 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 above-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.
