Integer Holdings Co. (NYSE:ITGR) Given Average Rating of “Moderate Buy” by Analysts

Integer Holdings Co. (NYSE:ITGRGet Free Report) has received a consensus rating of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $128.00.

ITGR has been the subject of a number of recent research reports. Truist Financial assumed coverage on Integer in a report on Wednesday, May 15th. They issued a “buy” rating and a $137.00 target price for the company. Bank of America upgraded Integer from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $105.00 to $135.00 in a research note on Monday, April 15th. KeyCorp upped their target price on shares of Integer from $123.00 to $139.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Citigroup lifted their price target on shares of Integer from $118.00 to $124.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. Finally, CL King began coverage on shares of Integer in a research report on Thursday, March 14th. They issued a “buy” rating and a $137.00 price objective on the stock.

Check Out Our Latest Stock Analysis on Integer

Insiders Place Their Bets

In related news, Director James F. Hinrichs sold 9,603 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $122.44, for a total value of $1,175,791.32. Following the completion of the sale, the director now directly owns 7,424 shares of the company’s stock, valued at $908,994.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Integer news, Director James F. Hinrichs sold 9,603 shares of Integer stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $122.44, for a total transaction of $1,175,791.32. Following the transaction, the director now owns 7,424 shares of the company’s stock, valued at $908,994.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Tommy P. Thomas sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $114.00, for a total value of $171,000.00. Following the completion of the sale, the vice president now owns 2,813 shares of the company’s stock, valued at approximately $320,682. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,936 shares of company stock valued at $2,130,937. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of Integer

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Integer by 0.4% during the third quarter. Vanguard Group Inc. now owns 3,843,992 shares of the medical equipment provider’s stock worth $301,484,000 after buying an additional 15,300 shares during the period. abrdn plc grew its stake in shares of Integer by 0.6% in the 4th quarter. abrdn plc now owns 520,646 shares of the medical equipment provider’s stock valued at $51,586,000 after purchasing an additional 3,013 shares during the last quarter. Congress Asset Management Co. MA increased its holdings in shares of Integer by 7.5% in the first quarter. Congress Asset Management Co. MA now owns 453,260 shares of the medical equipment provider’s stock valued at $52,886,000 after purchasing an additional 31,736 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Integer by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 382,936 shares of the medical equipment provider’s stock worth $37,941,000 after purchasing an additional 3,504 shares during the last quarter. Finally, Tributary Capital Management LLC raised its stake in shares of Integer by 1.2% during the first quarter. Tributary Capital Management LLC now owns 285,677 shares of the medical equipment provider’s stock worth $33,333,000 after purchasing an additional 3,513 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Integer Stock Down 0.6 %

Shares of ITGR opened at $115.03 on Friday. The company’s 50-day simple moving average is $116.73 and its 200-day simple moving average is $110.75. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.01 and a current ratio of 3.32. Integer has a 1 year low of $69.40 and a 1 year high of $123.99. The stock has a market capitalization of $3.85 billion, a PE ratio of 39.80, a P/E/G ratio of 1.71 and a beta of 1.11.

Integer (NYSE:ITGRGet Free Report) last released its earnings results on Thursday, April 25th. The medical equipment provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. The company had revenue of $414.80 million for the quarter, compared to analyst estimates of $412.78 million. Integer had a net margin of 6.01% and a return on equity of 11.25%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.87 EPS. Analysts forecast that Integer will post 5.27 earnings per share for the current fiscal year.

Integer Company Profile

(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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