Analysts Taking Aim at Medtronic, Inc. (NYSE:MDT), Applied Materials, Inc. (NASDAQ:AMAT)

According to data provided by Zacks Research, Medtronic, Inc. (NYSE:MDT) has a consensus target price of $87.437 on the stock. Out of the polled analysts providing targets, the high is currently $96, while the low is resting at $80. Analyst price targets may vary depending on the individual method used to calculate the estimate.
Turning to earnings, analysts are expecting Medtronic, Inc. (NYSE:MDT) to post a current quarter EPS of $1.31. This consensus number is compiled by Zacks Research. For the period ending on 2017-01-31, the company reported EPS for the quarter of $1.12. The resulting surprise factor from the difference between the reported number and the consensus estimate going into earnings was 0.9%. After a company reports earnings, the stock may see increased activity. The next earnings report date is scheduled on or near 2017-05-30.
In terms of analyst ratings, Medtronic, Inc. (NYSE:MDT) has a current ABR of 1.95. This average broker recommendation is given by Zacks using a scale from 1 to 5. According to this scale, a rating of 1 or 2 would indicate a Buy, and a rating of 4 or 5 would signify a Sell recommendation. A 3 would indicate a Hold on the stock.

Applied Materials, Inc. (NASDAQ:AMAT) shares have a current ABR (average broker recommendation) of 1.38. This recommendation is offered by Zacks Research. The rating lands on a sliding numerical scale from 1 to 5. A recommendation of 5 would indicate a Strong Sell, and a 1 would signify a Strong Buy. The mean rating may help provide a general sense of analyst sentiment on company shares.

Sell-side analysts taken into consideration by Zacks have also provided price target estimates on shares of Applied Materials, Inc. (NASDAQ:AMAT). The highest current target is $45. The lowest price target out of the polled analysts is presently $28. The consensus target price is currently noted at $39. Analysts may employ various techniques to help predict future stock price levels.

On the earnings front, Applied Materials, Inc. (NASDAQ:AMAT) is expected to post quarterly earnings per share of $0.76. This is the current consensus figure provided by Zacks. Investors and analysts will be looking for the company to next post earnings on or around 2017-05-18. Applied Materials, Inc. (NASDAQ:AMAT) most recently reported quarterly EPS of $0.67 for the quarter ending 2017-01-31. The gap between the actual and the projected estimate leading up to earnings created a surprise factor of 1.52%.

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