Integer Holdings Co. (ITGR) Given “Overweight” Rating at KeyCorp
KeyCorp reaffirmed their overweight rating on shares of Integer Holdings Co. (NASDAQ:ITGR) in a report issued on Monday. The brokerage currently has a $62.00 target price on the medical equipment provider’s stock, up from their previous target price of $51.00.
Separately, Zacks Investment Research cut shares of Integer Holdings from a hold rating to a sell rating in a report on Tuesday, May 30th.
Integer Holdings (ITGR) opened at 48.50 on Monday. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 83.33 and a beta of 1.30. Integer Holdings has a 12 month low of $18.10 and a 12 month high of $49.75. The company’s 50-day moving average is $45.66 and its 200 day moving average is $41.73.
Integer Holdings (NASDAQ:ITGR) last posted its quarterly earnings results on Thursday, July 27th. The medical equipment provider reported $0.62 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.11). The company had revenue of $363.00 million for the quarter, compared to analyst estimates of $353.68 million. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.56 EPS. On average, equities research analysts predict that Integer Holdings will post $2.76 earnings per share for the current year.
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In other Integer Holdings news, insider John A. Harris sold 1,261 shares of Integer Holdings stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $45.40, for a total value of $57,249.40. Following the completion of the sale, the insider now directly owns 2,064 shares in the company, valued at $93,705.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. acquired a new stake in Integer Holdings in the first quarter valued at approximately $104,000. Envestnet Asset Management Inc. lifted its stake in Integer Holdings by 184.3% in the first quarter. Envestnet Asset Management Inc. now owns 3,545 shares of the medical equipment provider’s stock valued at $142,000 after acquiring an additional 2,298 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Integer Holdings by 126.2% in the first quarter. Public Employees Retirement System of Ohio now owns 4,834 shares of the medical equipment provider’s stock valued at $194,000 after acquiring an additional 2,697 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Integer Holdings in the first quarter valued at approximately $209,000. Finally, State of Alaska Department of Revenue lifted its stake in Integer Holdings by 81.0% in the second quarter. State of Alaska Department of Revenue now owns 5,502 shares of the medical equipment provider’s stock valued at $237,000 after acquiring an additional 2,462 shares during the last quarter.
Integer Holdings Company Profile
Greatbatch, Inc is a developer and manufacturer of medical devices and components. The Company operates through two segments: Greatbatch Medical and QiG Group (QiG). Greatbatch Medical designs and manufactures products where the Company either owns the intellectual property or has unique manufacturing and assembly expertise.
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