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.
COPYRIGHT VIOLATION NOTICE: This news story was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another site, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/25/brokerages-set-integer-holdings-co-itgr-target-price-at-62-00.html.
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.
Receive News & Ratings for Integer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Integer and related companies with MarketBeat.com's FREE daily email newsletter.