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Medtronic (MDT) Competitors

Medtronic logo
$86.54 +0.27 (+0.31%)
(As of 11/29/2024 05:27 PM ET)

MDT vs. ABT, ISRG, SYK, BSX, BDX, EW, RMD, IDXX, 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), ResMed (RMD), IDEXX Laboratories (IDXX), 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 better business? We will contrast the two businesses based on the strength of their media sentiment, institutional ownership, risk, analyst recommendations, community ranking, dividends, valuation, earnings and profitability.

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$32.36B3.43$3.68B$3.2726.46
Abbott Laboratories$40.11B5.14$5.72B$3.2936.10

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 1.9%. Medtronic pays out 85.6% 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 66.9% of its earnings in the form of a dividend. Medtronic has increased its dividend for 48 consecutive years and Abbott Laboratories has increased its dividend for 53 consecutive years.

Medtronic presently has a consensus target price of $95.27, indicating a potential upside of 10.08%. Abbott Laboratories has a consensus target price of $130.07, indicating a potential upside of 9.51%. Given Medtronic's higher possible upside, analysts plainly believe Medtronic is more favorable than Abbott Laboratories.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Medtronic
1 Sell rating(s)
9 Hold rating(s)
6 Buy rating(s)
1 Strong Buy rating(s)
2.41
Abbott Laboratories
0 Sell rating(s)
4 Hold rating(s)
12 Buy rating(s)
0 Strong Buy rating(s)
2.75

Medtronic has a beta of 0.84, meaning that its share price is 16% less volatile than the S&P 500. Comparatively, Abbott Laboratories has a beta of 0.72, meaning that its share price is 28% less volatile than the S&P 500.

In the previous week, Medtronic had 3 more articles in the media than Abbott Laboratories. MarketBeat recorded 48 mentions for Medtronic and 45 mentions for Abbott Laboratories. Abbott Laboratories' average media sentiment score of 1.22 beat Medtronic's score of 1.13 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
35 Very Positive mention(s)
7 Positive mention(s)
4 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Abbott Laboratories
37 Very Positive mention(s)
1 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
1 Very Negative mention(s)
Positive

82.1% of Medtronic shares are owned by institutional investors. Comparatively, 75.2% of Abbott Laboratories shares are owned by institutional investors. 0.2% of Medtronic shares are owned by company insiders. Comparatively, 1.1% of Abbott Laboratories shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Medtronic received 653 more outperform votes than Abbott Laboratories when rated by MarketBeat users. Likewise, 75.64% of users gave Medtronic an outperform vote while only 69.70% of users gave Abbott Laboratories an outperform vote.

CompanyUnderperformOutperform
MedtronicOutperform Votes
1587
75.64%
Underperform Votes
511
24.36%
Abbott LaboratoriesOutperform Votes
934
69.70%
Underperform Votes
406
30.30%

Abbott Laboratories has a net margin of 13.99% compared to Medtronic's net margin of 13.00%. Abbott Laboratories' return on equity of 20.18% beat Medtronic's return on equity.

Company Net Margins Return on Equity Return on Assets
Medtronic13.00% 13.79% 7.62%
Abbott Laboratories 13.99%20.18%10.84%

Summary

Abbott Laboratories beats Medtronic on 14 of the 22 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} 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$110.97B$3.62B$5.36B$20.30B
Dividend Yield3.24%1.68%5.36%3.45%
P/E Ratio26.4613.6276.9839.29
Price / Sales3.4388.291,293.0020.42
Price / Cash12.0149.3944.0322.40
Price / Book2.284.307.434.77
Net Income$3.68B$92.21M$120.35M$982.54M
7 Day Performance0.38%4.85%3.95%1.28%
1 Month Performance-3.92%6.39%1.59%6.85%
1 Year Performance8.19%15.44%36.80%25.02%

Medtronic Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
MDT
Medtronic
4.9383 of 5 stars
$86.54
+0.3%
$95.27
+10.1%
+9.2%$110.97B$32.36B26.4695,000Analyst Forecast
Positive News
ABT
Abbott Laboratories
4.9656 of 5 stars
$117.99
+0.2%
$130.07
+10.2%
+13.9%$204.65B$40.11B35.79114,000Short Interest ↓
Positive News
ISRG
Intuitive Surgical
4.5574 of 5 stars
$535.53
-2.3%
$524.61
-2.0%
+74.4%$190.75B$7.12B88.0813,676Analyst Forecast
Short Interest ↑
Analyst Revision
News Coverage
Positive News
SYK
Stryker
4.8625 of 5 stars
$382.91
-0.5%
$393.65
+2.8%
+32.3%$145.97B$20.50B41.2552,000Positive News
BSX
Boston Scientific
4.6374 of 5 stars
$88.97
-1.1%
$93.39
+5.0%
+62.2%$131.13B$14.24B74.3848,000Analyst Forecast
Short Interest ↓
BDX
Becton, Dickinson and Company
4.9818 of 5 stars
$224.10
+0.0%
$283.00
+26.3%
-6.0%$64.77B$20.18B37.7873,000Analyst Revision
Positive News
EW
Edwards Lifesciences
4.265 of 5 stars
$70.69
+0.3%
$75.67
+7.0%
+5.4%$41.69B$6.00B10.1719,800Analyst Forecast
Short Interest ↓
Analyst Revision
RMD
ResMed
4.899 of 5 stars
$246.07
+0.9%
$225.70
-8.3%
+57.9%$36.12B$4.81B32.559,980News Coverage
IDXX
IDEXX Laboratories
4.974 of 5 stars
$424.23
+1.7%
$552.38
+30.2%
-9.5%$34.74B$3.84B41.3611,000Analyst Upgrade
Insider Trade
Short Interest ↓
News Coverage
Positive News
DXCM
DexCom
4.9909 of 5 stars
$76.46
+5.0%
$104.59
+36.8%
-32.5%$29.86B$3.95B44.019,600Analyst Revision
News Coverage
Positive News
STE
STERIS
4.9944 of 5 stars
$217.24
+1.4%
$253.00
+16.5%
+9.0%$21.44B$5.14B48.9418,179Insider Trade
Short Interest ↓
Analyst Revision
News Coverage
Positive News

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This page (NYSE:MDT) was last updated on 12/1/2024 by MarketBeat.com Staff
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