Teleflex Incorporated (TFX) Receives $286.25 Consensus Price Target from Analysts

Teleflex Incorporated (NYSE:TFX) has been given an average recommendation of “Hold” by the twelve brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $283.63.

TFX has been the subject of a number of analyst reports. Needham & Company LLC raised their price target on shares of Teleflex from $237.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Jefferies Group raised their price objective on shares of Teleflex from $270.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Morgan Stanley raised their price objective on shares of Teleflex from $274.00 to $290.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. Piper Jaffray Companies began coverage on shares of Teleflex in a report on Friday, November 10th. They set an “overweight” rating and a $295.00 price objective for the company. Finally, Deutsche Bank lowered shares of Teleflex from a “buy” rating to a “hold” rating and set a $251.00 price objective for the company. in a report on Tuesday, November 14th.

Shares of Teleflex (TFX) traded up $5.77 on Tuesday, reaching $255.21. 348,171 shares of the company’s stock were exchanged, compared to its average volume of 296,133. The company has a market capitalization of $12,163.30, a PE ratio of 46.67, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15. The company has a current ratio of 4.72, a quick ratio of 3.70 and a debt-to-equity ratio of 0.88. Teleflex has a 1 year low of $183.92 and a 1 year high of $288.78.

Teleflex (NYSE:TFX) last announced its quarterly earnings results on Thursday, February 22nd. The medical technology company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.04. The firm had revenue of $595.10 million during the quarter, compared to analysts’ expectations of $601.17 million. Teleflex had a net margin of 12.41% and a return on equity of 16.27%. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.13 earnings per share. analysts expect that Teleflex will post 8.36 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, March 1st. Teleflex’s payout ratio is 24.82%.

In related news, Director Stephen K. M.D. Klasko sold 200 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $265.32, for a total value of $53,064.00. Following the completion of the sale, the director now owns 8,080 shares of the company’s stock, valued at $2,143,785.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director George Babich, Jr. sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $263.38, for a total transaction of $658,450.00. Following the completion of the sale, the director now directly owns 10,583 shares of the company’s stock, valued at approximately $2,787,350.54. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,100 shares of company stock valued at $2,671,994. Company insiders own 2.39% of the company’s stock.

Several institutional investors have recently modified their holdings of TFX. American Century Companies Inc. increased its holdings in shares of Teleflex by 41.6% in the third quarter. American Century Companies Inc. now owns 1,187,909 shares of the medical technology company’s stock valued at $287,438,000 after purchasing an additional 348,829 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Teleflex in the fourth quarter valued at approximately $53,163,000. Renaissance Technologies LLC increased its holdings in shares of Teleflex by 511.6% in the fourth quarter. Renaissance Technologies LLC now owns 195,700 shares of the medical technology company’s stock valued at $48,694,000 after purchasing an additional 163,700 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Teleflex by 3.4% in the fourth quarter. BlackRock Inc. now owns 4,709,341 shares of the medical technology company’s stock valued at $1,171,779,000 after purchasing an additional 156,527 shares in the last quarter. Finally, Redmile Group LLC increased its holdings in shares of Teleflex by 449.9% in the fourth quarter. Redmile Group LLC now owns 172,486 shares of the medical technology company’s stock valued at $42,918,000 after purchasing an additional 141,121 shares in the last quarter. 88.98% of the stock is owned by institutional investors and hedge funds.

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Teleflex Company Profile

Teleflex Incorporated is a provider of medical technology products. The Company designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for diagnostic and therapeutic procedures in critical care and surgical applications. The Company operates through six segments: Vascular North America; Anesthesia North America; Surgical North America; Europe, the Middle East and Africa (EMEA); Asia, and Original Equipment Manufacturer (OEM).

Analyst Recommendations for Teleflex (NYSE:TFX)

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