3 Things You Need to Know if You Buy Medtronic Today
(NYSE: MDT) isn't getting much love on Wall Street today. The stock has fallen around 33% since hitting a peak in mid-2021. That's a huge decline, but it may be overdone. Sure, there are problems for Medtronic to deal with, but it has an impressive business, a strong operating history, and a long track record of rewarding investors.
Here are three key things you need to know about Medtronic that may get you to buy the stock today.
Medtronic's stock decline isn't great for shareholders who bought in early 2021, but it could be an opportunity for new investors. That's particularly true if you love dividends. The stock's dividend yield is currently around 3.1%. That's historically high for the stock, well above the S 500 index's 1.2% yield, and greater than the 1.8% yield of the average healthcare stock.
Source Fool.com
Medtronic plc Stock
The stock is one of the favorites of our community with 21 Buy predictions and 1 Sell predictions.
With a target price of 88 € there is a slightly positive potential of 6.65% for Medtronic plc compared to the current price of 82.51 €.
