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Main » Morgan Stanley Cuts Medtronic (NYSE:MDT) Price Target to $90.00

Morgan Stanley Cuts Medtronic (NYSE:MDT) Price Target to $90.00

23 April 2018

Bb&T Secs Ltd Liability Corp accumulated 228,870 shares or 0.24% of the stock. The medical technology company reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.01. Orca Investment Management Llc who had been investing in Nutri System Inc for a number of months, seems to be bullish on the $843.76 million market cap company. The stock had a trading volume of 3,690,928 shares, compared to its average volume of 5,425,114. Medtronic plc (NYSE:MDT) has declined 3.54% since April 21, 2017 and is downtrending. The stock underperformed the S&P 500 by 15.09%. The institutional investor held 94,136 shares of the electromedical & electrotherapeutic apparatus company at the end of 2017Q4, valued at $7.60M, up from 3,396 at the end of the previous reported quarter. Gendell Jeffrey L who had been investing in Skyline Corp for a number of months, seems to be bullish on the $208.86M market cap company. The stock decreased 0.33% or $0.1 during the last trading session, reaching $30.66. About 3.69 million shares traded. Hub Group, Inc. (NASDAQ:HUBG) has declined 10.55% since April 21, 2017 and is downtrending. It has outperformed by 10.69% the S&P500. As per Tuesday, June 7, the company rating was maintained by Needham. The firm has "Buy" rating by BMO Capital Markets given on Friday, November 10. Citigroup reiterated a buy rating and set a $93.00 price objective (down from $100.00) on shares of Medtronic in a research note on Thursday, February 22nd. The stock of Nutrisystem, Inc. Craig Hallum maintained Nutrisystem, Inc. (NASDAQ:VIAB) earned "Underperform" rating by RBC Capital Markets on Tuesday, December 13. The stock now has a consensus rating of Buy and a consensus target price of $91.24. On Tuesday, January 3 the stock rating was downgraded by JP Morgan to "Neutral". The stock has "Outperform" rating by William Blair on Thursday, July 6. (NYSE:PX) on Wednesday, August 12 to "Sell" rating. The firm has "Equal-Weight" rating by Morgan Stanley given on Thursday, March 29.

During 2017 Q4 the big money sentiment decreased to 1.02. Thrivent Fincl For Lutherans holds 0.54% or 1.99M shs. 104 funds opened positions while 254 raised stakes. Atlanta Capital Management L L C invested in 0.03% or 67,354 shares. Etrade Cap Limited Liability Company accumulated 63,286 shares. (NYSE:PX) for 39,000 shares. Lowe Brockenbrough And has invested 0.1% in Praxair, Inc. Forbes J M And Ltd Liability Partnership holds 2.26% or 121,066 shs. Lee Danner And Bass invested in 57,419 shares or 0.47% of the stock. (NYSE:PX). Ci Investments owns 198,822 shares. Sectoral Asset Management Inc owns 181,610 shares for 1.83% of their portfolio. State Of Alaska Department Of Revenue holds 127,593 shares. 33,243 are held by Connors Investor Service Inc. Mitchell Management Communications reported 2,607 shares or 0.07% of all its holdings. Sta Wealth Management Limited Liability accumulated 14,530 shares. The shares were sold at an average price of $78.18, for a total transaction of $1,913,768.22. PX's profit will be $447.94M for 24.15 P/E if the $1.56 EPS becomes a reality. KCM Investment Advisors LLC increased its holdings in shares of Medtronic by 1.9% in the fourth quarter. Medtronic's quarterly revenue was up 1.2% compared to the same quarter last year. equities analysts anticipate that Medtronic plc. will post 4.74 EPS for the current fiscal year. The company's revenue for the quarter was up 1.2% compared to the same quarter past year. After $1.17 actual EPS reported by Medtronic plc for the previous quarter, Wall Street now forecasts 17.95% EPS growth. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the stock. Therefore 64% are positive. Medtronic had 13 analyst reports since November 10, 2017 according to SRatingsIntel. The company presently has a consensus rating of "Buy" and an average price target of $91.24. As per Thursday, May 25, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Barclays Capital with "Overweight" on Wednesday, August 23. The brokerage now has an equal weight rating on the medical technology company's stock. On Wednesday, November 22 the stock has "Hold" rating by Stifel Nicolaus. On Tuesday, December 12 the stock has "Buy" rating by Argus Research. Stillwater Cap Advsr Lc holds 2.34% or 123,405 shares in its portfolio. BB&T Investment Services Inc. increased its holdings in Medtronic by 147.6% in the fourth quarter. The decrease is 1.46% according to 2017Q4 SEC filling. Its down 0.10, from 1.12 in 2017Q3. It worsened, as 65 investors sold MDT shares while 427 reduced holdings. 111 funds opened positions while 393 raised stakes. 2,546 are held by Personal Capital Advisors Corp. 164,198 are owned by Fisher Asset Management Limited. River & Mercantile Asset Mngmt Llp owns 42,508 shares. Global Thematic Ltd Com owns 676,226 shares.

Media stories about Medtronic (NYSE:MDT) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Sumitomo Life Insurance Com has 52,479 shares for 0.53% of their portfolio. The stock of Medtronic plc (NYSE:MDT) has "Buy" rating given on Tuesday, January 2 by Bank of America. Mitsubishi Ufj Holding holds 130 shares or 0.04% of its portfolio.