Brokerages Set Integer Holdings Co. (ITGR) Target Price at $62.00

Shares of Integer Holdings Co. (NYSE:ITGR) have been given an average rating of “Hold” by the eight ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $62.00.

Several equities analysts have recently weighed in on ITGR shares. BidaskClub lowered shares of Integer from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. TheStreet lowered shares of Integer from a “b-” rating to a “c+” rating in a research report on Thursday, November 9th. ValuEngine raised shares of Integer from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research raised shares of Integer from a “sell” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Wednesday, December 27th.

In related news, CFO Gary J. Haire sold 731 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $44.89, for a total transaction of $32,814.59. Following the transaction, the chief financial officer now directly owns 1,911 shares of the company’s stock, valued at $85,784.79. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Joseph W. Dziedzic sold 3,182 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $44.89, for a total transaction of $142,839.98. Following the transaction, the chief executive officer now directly owns 21,351 shares in the company, valued at $958,446.39. The disclosure for this sale can be found here. Insiders sold 64,286 shares of company stock worth $2,996,350 over the last three months. Insiders own 4.80% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in ITGR. Meeder Asset Management Inc. increased its position in Integer by 411.1% during the third 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 period. Zions Bancorporation bought a new position in Integer during the third quarter worth about $174,000. Advisor Group Inc. increased its position in Integer by 340.0% during the fourth quarter. Advisor Group Inc. now owns 4,154 shares of the medical equipment provider’s stock worth $188,000 after acquiring an additional 3,210 shares during the period. LS Investment Advisors LLC increased its position in Integer by 298.1% during the fourth 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 period. Finally, Capital Fund Management S.A. bought a new position in Integer during the fourth quarter worth about $204,000. 99.00% of the stock is currently owned by institutional investors and hedge funds.

Shares of Integer (NYSE:ITGR) traded up $7.20 during mid-day trading on Thursday, reaching $52.55. 805,676 shares of the company’s stock were exchanged, compared to its average volume of 130,648. The firm has a market capitalization of $1,676.40, a PE ratio of 18.70, a P/E/G ratio of 1.15 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 $33.90 and a 12-month high of $55.20.

Integer (NYSE:ITGR) last announced its quarterly earnings results on Thursday, February 22nd. The medical equipment provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.17. The firm had revenue of $390.50 million during the quarter, compared to analysts’ expectations of $358.42 million. Integer had a net margin of 4.56% and a return on equity of 11.52%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 earnings per share. research analysts expect that Integer will post 3.3 EPS for the current fiscal year.

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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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