Integer (ITGR) Upgraded at ValuEngine
ValuEngine upgraded shares of Integer (NYSE:ITGR) from a hold rating to a buy rating in a report issued on Friday morning.
Several other equities research analysts have also recently weighed in on ITGR. Zacks Investment Research cut Integer from a buy rating to a hold rating in a research note on Tuesday, January 23rd. Royal Bank of Canada reissued a neutral rating on shares of Integer in a research note on Friday, October 27th. BidaskClub cut Integer from a strong-buy rating to a buy rating in a research note on Saturday, October 28th. TheStreet raised Integer from a c+ rating to a b- rating in a research note on Wednesday, October 18th. Finally, Northcoast Research cut Integer from a buy rating to a neutral rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $51.00.
Shares of Integer (NYSE ITGR) traded down $1.35 during mid-day trading on Friday, hitting $50.10. The stock had a trading volume of 93,759 shares, compared to its average volume of 145,164. The firm has a market capitalization of $1,629.41, a PE ratio of 79.53, a price-to-earnings-growth ratio of 1.08 and a beta of 1.05. The company has a current ratio of 2.58, a quick ratio of 1.37 and a debt-to-equity ratio of 1.95. Integer has a 12 month low of $32.35 and a 12 month high of $55.20.
A number of institutional investors have recently made changes to their positions in ITGR. Meeder Asset Management Inc. grew its stake in Integer by 411.1% in the third quarter. Meeder Asset Management Inc. now owns 2,034 shares of the medical equipment provider’s stock valued at $104,000 after acquiring an additional 1,636 shares during the period. Zions Bancorporation acquired a new stake in Integer in the third quarter valued at approximately $174,000. Amalgamated Bank acquired a new stake in Integer in the third quarter valued at approximately $212,000. Bessemer Group Inc. acquired a new stake in Integer in the third quarter valued at approximately $220,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in Integer in the second quarter valued at approximately $260,000. 95.26% of the stock is owned by hedge funds and other institutional investors.
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Integer 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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