[GlobeNewswire] – Places ICD Leads Under Rib Cage, Outside Heart and Veins DUBLIN and NICE, FRANCE – JUNE 8, 2016 – Medtronic plc (NSYE: MDT) today announced results from several feasibility studies evaluating a new approach … Read more on this. Medtronic plc (MDT) , with a current market cap of $117.51B, ended trading yesterday at $83.72. Shares have traded today between $83.58 and $83.92 per share and has traded between $55.54 and $84.13 over the past 12 months. MDT shares are currently priced at 17.97x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.26x earnings multiple. And for dividend hunters, the company pays shareholders $1.52 per share annually in dividends, yielding 1.82%. In a review of the consensus earnings estimate this quarter, 23 sell-side analysts are looking at $1.02 per share, which would be $0.00 worse than the year-ago quarter and a $0.05 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $4.66 would be a $0.29 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.20 Billion. If realized, that would be a 0.96% decrease over the year-ago quarter. In terms of ratings, Sun Trust Rbsn Humphrey Initiated MDT at Buy (Apr 25, 2016). Previously, Nomura Initiated MDT at to Buy. Investors should keep in mind is that the average price target is $87.83, which is 4.91% above where the stock opened this morning. See more in (NYSE:MDT) Similar Articles: Company Update: Medtronic Inc (NYSE:MDT) – Medtronic Announces 2016 Institutional Investor and Analyst Meeting and Webcast Market Update: Medtronic Inc (NYSE:MDT) – Medtronic Announces the Early Results and Upsizing of Its Cash Tender Offer for Certain Outstanding Debt Securities Issued by Medtronic, Inc. and Covidien International Finance S.A. Stock Update: Medtronic Inc (NYSE:MDT) – Medtronic Receives CE Mark for Full Line of Cardiac Resynchronization Therapy-Defibrillators Compatible with MRI Scans