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 (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.
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.
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.
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.
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.
Summary
Abbott Laboratories beats Medtronic on 14 of the 20 factors compared between the two stocks.
Get Medtronic News Delivered to You Automatically
Sign up to receive the latest news and ratings for MDT and its competitors with MarketBeat's FREE daily newsletter.
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.
Skip ChartThis 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.
Skip Chart
Medtronic Competitors List
Related Companies and Tools