Medtronic (MDT) Stock News: NYSE Opens at 8032 on Thursday
Moving Averages and Analyst Price Target
The 50-day moving average for Medtronic (MDT) is 8008, while its 200-day moving average is 234 rows. Based on 12-month price targets from 11 analysts, the average price target is 8032, with a high estimate of 8032 and a low estimate of 8032.
Recent Trades and Earnings
Ascent Group LLC recently increased its position in MDT shares by 174%. Medtronic last reported its earnings on Thursday, May 23rd. The company reported $0.84 EPS, missing analysts' consensus estimate of $0.85 by $0.01.
Institutional Holdings
Ancora Advisors LLC reduced its position in MDT by 12% during the first quarter. Following this transaction, Ancora Advisors LLC owned 3,480,844 shares of the company's stock, valued at $276.54 million.
Conclusion
The recent stock movements and analyst price targets provide valuable insights into the market's expectations for Medtronic. With a solid moving average position and support from analysts, MDT remains a stock worth monitoring for potential investment opportunities.
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