Integer Holdings Co. (ITGR) Receives $56.50 Average Target Price from Analysts
Shares of Integer Holdings Co. (NYSE:ITGR) have received an average recommendation of “Hold” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $56.50.
ITGR has been the subject of a number of recent analyst reports. KeyCorp reissued an “overweight” rating and issued a $62.00 target price (up previously from $51.00) on shares of Integer in a report on Monday, September 18th. Royal Bank of Canada reissued a “hold” rating and issued a $40.00 target price on shares of Integer in a report on Friday, September 22nd. BidaskClub raised Integer from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. TheStreet raised Integer from a “c+” rating to a “b-” rating in a report on Wednesday, October 18th. Finally, Northcoast Research downgraded Integer from a “buy” rating to a “neutral” rating in a report on Monday, October 23rd. They noted that the move was a valuation call.
In other news, COO Jeremy Friedman sold 8,163 shares of Integer stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $44.89, for a total transaction of $366,437.07. Following the completion of the transaction, the chief operating officer now owns 17,673 shares of the company’s stock, valued at approximately $793,340.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Timothy G. Mcevoy sold 3,500 shares of Integer stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $49.35, for a total value of $172,725.00. Following the transaction, the vice president now directly owns 32,401 shares of the company’s stock, valued at approximately $1,598,989.35. The disclosure for this sale can be found here. In the last three months, insiders sold 100,625 shares of company stock valued at $4,694,219. 4.80% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its stake in shares of Integer by 411.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 2,034 shares of the medical equipment provider’s stock worth $104,000 after buying an additional 1,636 shares during the last quarter. Zions Bancorporation acquired a new position in shares of Integer during the 3rd quarter worth $174,000. Amalgamated Bank acquired a new position in shares of Integer during the 3rd quarter worth $212,000. Bessemer Group Inc. acquired a new position in shares of Integer during the 3rd quarter worth $220,000. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of Integer during the 2nd quarter worth $260,000. 95.02% of the stock is owned by institutional investors and hedge funds.
Integer (NYSE ITGR) traded up $0.90 during trading hours on Wednesday, reaching $45.85. 142,646 shares of the company were exchanged, compared to its average volume of 156,187. Integer has a 1 year low of $29.00 and a 1 year high of $55.20. The company has a current ratio of 2.58, a quick ratio of 1.37 and a debt-to-equity ratio of 1.95. The stock has a market cap of $1,420.00, a price-to-earnings ratio of 71.64, a price-to-earnings-growth ratio of 0.94 and a beta of 1.07.
Integer (NYSE:ITGR) last posted its quarterly earnings data on Thursday, October 26th. The medical equipment provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. Integer had a net margin of 1.42% and a return on equity of 11.22%. The firm had revenue of $363.31 million for the quarter, compared to analyst estimates of $354.83 million. During the same period last year, the firm posted $0.83 EPS. Integer’s quarterly revenue was up 4.8% on a year-over-year basis. equities research analysts anticipate that Integer will post 2.62 earnings per share for the current year.
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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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