Integer Holdings Co. (NYSE:ITGR) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Integer Holdings Co. (NYSE:ITGRGet Free Report) have received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $128.67.

A number of research firms recently weighed in on ITGR. Bank of America upgraded Integer from a “neutral” rating to a “buy” rating and upped their price target for the stock from $105.00 to $135.00 in a report on Monday, April 15th. Benchmark reiterated a “buy” rating and issued a $130.00 price objective on shares of Integer in a research report on Friday, May 10th. Truist Financial started coverage on shares of Integer in a report on Wednesday, May 15th. They set a “buy” rating and a $137.00 target price for the company. KeyCorp upped their price target on shares of Integer from $123.00 to $139.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. Finally, CL King started coverage on shares of Integer in a research note on Thursday, March 14th. They set a “buy” rating and a $137.00 price objective for the company.

Check Out Our Latest Report on ITGR

Insider Buying and Selling

In other Integer news, VP Tommy P. Thomas sold 1,500 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $114.00, for a total transaction of $171,000.00. Following the transaction, the vice president now owns 2,813 shares of the company’s stock, valued at approximately $320,682. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Tommy P. Thomas sold 1,500 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $114.00, for a total transaction of $171,000.00. Following the completion of the transaction, the vice president now owns 2,813 shares of the company’s stock, valued at approximately $320,682. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Andrew Senn sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $113.14, for a total transaction of $565,700.00. Following the completion of the sale, the senior vice president now owns 4,658 shares of the company’s stock, valued at $527,006.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,812 shares of company stock worth $771,956. 2.00% of the stock is owned by insiders.

Institutional Trading of Integer

A number of institutional investors and hedge funds have recently made changes to their positions in the company. North Growth Management Ltd. acquired a new stake in Integer during the fourth quarter worth about $9,155,000. GSA Capital Partners LLP purchased a new position in Integer in the third quarter valued at approximately $816,000. Dark Forest Capital Management LP lifted its position in Integer by 69.8% during the third quarter. Dark Forest Capital Management LP now owns 11,984 shares of the medical equipment provider’s stock valued at $940,000 after buying an additional 4,926 shares in the last quarter. Legacy Wealth Asset Management LLC purchased a new stake in Integer during the fourth quarter worth approximately $239,000. Finally, Trust Point Inc. acquired a new stake in shares of Integer in the fourth quarter worth $874,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Integer Trading Down 0.6 %

NYSE:ITGR opened at $120.23 on Thursday. Integer has a 1 year low of $69.40 and a 1 year high of $123.99. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.01 and a current ratio of 3.32. The stock has a fifty day moving average price of $115.12 and a two-hundred day moving average price of $104.32. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 41.60, a PEG ratio of 1.79 and a beta of 1.12.

Integer (NYSE:ITGRGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The medical equipment provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. Integer had a net margin of 6.01% and a return on equity of 11.25%. The business had revenue of $414.80 million during the quarter, compared to the consensus estimate of $412.78 million. During the same quarter last year, the firm posted $0.87 EPS. The business’s revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Integer will post 5.27 earnings per share for the current fiscal year.

About Integer

(Get Free Report

Integer Holdings Corporation operates as a medical device outsource manufacturer in the United States, Puerto Rico, Costa Rica, and internationally. It operates through two segments, Medical and Non-Medical. The company offers products for interventional cardiology, structural heart, heart failure, peripheral vascular, neurovascular, interventional oncology, electrophysiology, vascular access, infusion therapy, hemodialysis, non-vascular, urology, and gastroenterology procedures.

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Analyst Recommendations for Integer (NYSE:ITGR)

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