ValuEngine Upgrades Integer (ITGR) to “Buy”

ValuEngine upgraded shares of Integer (NYSE:ITGR) from a hold rating to a buy rating in a research note published on Friday, February 2nd.

A number of other brokerages also recently weighed in on ITGR. TheStreet upgraded Integer from a c+ rating to a b- rating in a report on Wednesday, October 18th. 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. BidaskClub downgraded Integer from a strong-buy rating to a buy rating in a report on Saturday, October 28th. Royal Bank of Canada restated a neutral rating on shares of Integer in a report on Friday, October 27th. Finally, Zacks Investment Research upgraded Integer from a sell rating to a buy rating and set a $51.00 price target for the company in a report on Wednesday, December 27th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $51.00.

Integer (NYSE:ITGR) opened at $44.45 on Friday. The company has a quick ratio of 1.37, a current ratio of 2.58 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $1,398.22, a P/E ratio of 70.79, a P/E/G ratio of 0.93 and a beta of 1.05. Integer has a 12 month low of $33.90 and a 12 month high of $55.20.

In related news, VP Timothy G. Mcevoy sold 3,500 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $49.35, for a total transaction of $172,725.00. Following the sale, the vice president now directly owns 32,401 shares in the company, valued at approximately $1,598,989.35. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Joseph W. Dziedzic sold 3,182 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $44.89, for a total value of $142,839.98. Following the sale, the chief executive officer now owns 21,351 shares in the company, valued at $958,446.39. The disclosure for this sale can be found here. In the last three months, insiders sold 69,876 shares of company stock worth $3,259,136. Insiders own 4.80% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. increased its stake in Integer by 411.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,034 shares of the medical equipment provider’s stock worth $104,000 after acquiring an additional 1,636 shares during the last quarter. Zions Bancorporation bought a new position in Integer in the 3rd quarter worth about $174,000. LS Investment Advisors LLC increased its stake in Integer by 298.1% in the 4th quarter. LS Investment Advisors LLC now owns 4,339 shares of the medical equipment provider’s stock worth $197,000 after acquiring an additional 3,249 shares during the last quarter. Capital Fund Management S.A. bought a new position in Integer in the 4th quarter worth about $204,000. Finally, Amalgamated Bank bought a new position in Integer in the 3rd quarter worth about $212,000. Institutional investors and hedge funds own 95.57% of the company’s stock.

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About Integer

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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