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Medtronic (MDT) Competitors

$87.51
+2.13 (+2.49%)
(As of 08/21/2024 ET)

MDT vs. ABT, ISRG, SYK, BSX, BDX, EW, IDXX, RMD, DXCM, and STE

Should you be buying Medtronic stock or one of its competitors? The main competitors of Medtronic include Abbott Laboratories (ABT), Intuitive Surgical (ISRG), Stryker (SYK), Boston Scientific (BSX), Becton, Dickinson and Company (BDX), Edwards Lifesciences (EW), IDEXX Laboratories (IDXX), ResMed (RMD), DexCom (DXCM), and STERIS (STE). These companies are all part of the "health care equipment" industry.

Medtronic vs.

Medtronic (NYSE:MDT) and Abbott Laboratories (NYSE:ABT) are both large-cap medical companies, but which is the superior business? We will contrast the two businesses based on the strength of their community ranking, valuation, profitability, institutional ownership, media sentiment, earnings, dividends, risk and analyst recommendations.

Abbott Laboratories has higher revenue and earnings than Medtronic. Medtronic is trading at a lower price-to-earnings ratio than Abbott Laboratories, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Medtronic$32.36B3.47$3.68B$2.7531.82
Abbott Laboratories$40.73B4.76$5.72B$3.2134.70

Medtronic has a beta of 0.82, meaning that its stock price is 18% less volatile than the S&P 500. Comparatively, Abbott Laboratories has a beta of 0.72, meaning that its stock price is 28% less volatile than the S&P 500.

Medtronic received 657 more outperform votes than Abbott Laboratories when rated by MarketBeat users. Likewise, 75.89% of users gave Medtronic an outperform vote while only 69.66% of users gave Abbott Laboratories an outperform vote.

CompanyUnderperformOutperform
MedtronicOutperform Votes
1580
75.89%
Underperform Votes
502
24.11%
Abbott LaboratoriesOutperform Votes
923
69.66%
Underperform Votes
402
30.34%

Medtronic currently has a consensus target price of $91.50, suggesting a potential upside of 4.56%. Abbott Laboratories has a consensus target price of $121.00, suggesting a potential upside of 8.64%. Given Abbott Laboratories' stronger consensus rating and higher probable upside, analysts plainly believe Abbott Laboratories is more favorable than Medtronic.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Medtronic
1 Sell rating(s)
9 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.15
Abbott Laboratories
0 Sell rating(s)
2 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
2.78

In the previous week, Medtronic had 46 more articles in the media than Abbott Laboratories. MarketBeat recorded 63 mentions for Medtronic and 17 mentions for Abbott Laboratories. Abbott Laboratories' average media sentiment score of 0.74 beat Medtronic's score of 0.60 indicating that Abbott Laboratories is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Medtronic
15 Very Positive mention(s)
9 Positive mention(s)
27 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Abbott Laboratories
8 Very Positive mention(s)
2 Positive mention(s)
7 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Medtronic pays an annual dividend of $2.80 per share and has a dividend yield of 3.2%. Abbott Laboratories pays an annual dividend of $2.20 per share and has a dividend yield of 2.0%. Medtronic pays out 101.8% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Abbott Laboratories pays out 68.5% of its earnings in the form of a dividend.

82.1% of Medtronic shares are held by institutional investors. Comparatively, 75.2% of Abbott Laboratories shares are held by institutional investors. 0.3% of Medtronic shares are held by company insiders. Comparatively, 1.1% of Abbott Laboratories shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Abbott Laboratories has a net margin of 13.65% compared to Medtronic's net margin of 11.36%. Abbott Laboratories' return on equity of 20.18% beat Medtronic's return on equity.

Company Net Margins Return on Equity Return on Assets
Medtronic11.36% 13.47% 7.65%
Abbott Laboratories 13.65%20.18%10.77%

Summary

Abbott Laboratories beats Medtronic on 14 of the 20 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding MDT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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MDT vs. The Competition

MetricMedtronicElectromedical equipment IndustryMedical SectorNYSE Exchange
Market Cap$112.21B$3.18B$5.67B$18.78B
Dividend Yield3.35%1.66%2.79%3.52%
P/E Ratio31.829.50137.9225.50
Price / Sales3.4742.701,633.0715.91
Price / Cash11.1782.1836.3419.87
Price / Book2.304.084.885.09
Net Income$3.68B$85.14M$112.98M$980.52M
7 Day Performance7.07%-0.71%9.34%4.51%
1 Month Performance10.10%-9.00%7.34%1.63%
1 Year Performance7.23%8.87%14.74%13.08%

Medtronic Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ABT
Abbott Laboratories
4.7421 of 5 stars
4.74 / 5 stars
$110.77
-1.0%
$121.00
+9.2%
+7.2%$192.70B$40.73B34.51114,000
ISRG
Intuitive Surgical
4.7025 of 5 stars
4.70 / 5 stars
$483.21
+0.2%
$442.30
-8.5%
+70.0%$171.39B$7.57B87.2213,676
SYK
Stryker
4.876 of 5 stars
4.88 / 5 stars
$342.91
+0.5%
$373.11
+8.8%
+25.0%$130.63B$21.39B39.1452,000Analyst Revision
BSX
Boston Scientific
4.6516 of 5 stars
4.65 / 5 stars
$78.48
-0.3%
$84.76
+8.0%
+56.3%$115.14B$15.23B65.9545,000Short Interest ↓
BDX
Becton, Dickinson and Company
4.981 of 5 stars
4.98 / 5 stars
$234.69
-0.5%
$279.50
+19.1%
-14.8%$67.83B$19.83B51.6973,000Positive News
EW
Edwards Lifesciences
4.7252 of 5 stars
4.73 / 5 stars
$69.36
+1.6%
$82.10
+18.4%
-8.2%$41.13B$6.20B29.9019,800Analyst Revision
IDXX
IDEXX Laboratories
4.3257 of 5 stars
4.33 / 5 stars
$494.01
-0.6%
$582.25
+17.9%
+2.7%$40.80B$3.78B47.8211,000
RMD
ResMed
4.4129 of 5 stars
4.41 / 5 stars
$223.15
-3.5%
$204.70
-8.3%
+35.1%$32.78B$4.69B34.2810,140Insider Selling
DXCM
DexCom
4.995 of 5 stars
5.00 / 5 stars
$72.85
-6.2%
$111.63
+53.2%
-30.1%$28.97B$3.93B47.009,600Options Volume
High Trading Volume
STE
STERIS
4.2031 of 5 stars
4.20 / 5 stars
$233.27
-0.1%
$243.60
+4.4%
+5.2%$22.91B$5.14B61.0718,179

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This page (NYSE:MDT) was last updated on 8/22/2024 by MarketBeat.com Staff

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