Integer Holdings Corp (NYSE:ITGR) has received an average recommendation of “Buy” from the seven analysts that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $62.00.
A number of research firms recently issued reports on ITGR. Zacks Investment Research lowered Integer from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. TheStreet cut Integer from a “b” rating to a “c+” rating in a research report on Thursday, May 3rd. KeyCorp boosted their target price on Integer from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, May 4th. Finally, ValuEngine upgraded Integer from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 7th.
In related news, insider Jennifer M. Bolt sold 3,586 shares of the business’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $66.09, for a total transaction of $236,998.74. Following the completion of the transaction, the insider now directly owns 17,878 shares in the company, valued at $1,181,557.02. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Declan Smyth sold 2,913 shares of the company’s stock in a transaction dated Wednesday, May 9th. The stock was sold at an average price of $66.49, for a total value of $193,685.37. Following the completion of the transaction, the insider now owns 6,766 shares of the company’s stock, valued at $449,871.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,881 shares of company stock valued at $1,914,336. 3.60% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Integer by 7.3% in the 1st quarter. BlackRock Inc. now owns 3,968,335 shares of the medical equipment provider’s stock worth $224,411,000 after purchasing an additional 270,750 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Integer by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,679,729 shares of the medical equipment provider’s stock worth $151,539,000 after purchasing an additional 10,428 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Integer by 0.8% in the 4th quarter. LSV Asset Management now owns 1,689,257 shares of the medical equipment provider’s stock worth $76,523,000 after purchasing an additional 14,200 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Integer by 0.5% in the 1st quarter. JPMorgan Chase & Co. now owns 833,032 shares of the medical equipment provider’s stock worth $47,107,000 after purchasing an additional 4,143 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Integer by 6.1% in the 1st quarter. Wells Fargo & Company MN now owns 736,235 shares of the medical equipment provider’s stock worth $41,634,000 after purchasing an additional 42,265 shares in the last quarter. Hedge funds and other institutional investors own 97.08% of the company’s stock.
Shares of NYSE:ITGR traded down $1.70 during midday trading on Friday, reaching $65.80. 153,300 shares of the company traded hands, compared to its average volume of 203,661. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.29 and a current ratio of 2.35. Integer has a 12 month low of $40.01 and a 12 month high of $67.90. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 1.34 and a beta of 0.90.
Integer (NYSE:ITGR) last released its quarterly earnings data on Thursday, May 3rd. The medical equipment provider reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.09). Integer had a net margin of 5.28% and a return on equity of 11.34%. The company had revenue of $381.75 million for the quarter, compared to the consensus estimate of $364.97 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. equities analysts predict that Integer will post 3.37 EPS for the current fiscal year.
Integer Company Profile
Integer Holdings Corporation operates as a medical device outsource manufacturer worldwide. It operates through two segments, Medical and Non-Medical. The company offers arthroscopic devices and components, such as shaver blades and burrs, ablation probes, and suture anchors; laparoscopic and general surgery products, including trocars, endoscopes and laparoscopes, closure devices, harmonic scalpels, bipolar energy delivery devices, radio frequency probes, thermal tumor ablation devices, and ophthalmic surgery devices; and biopsy and drug delivery products.
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