Integer Holdings Corp (NYSE:ITGR) Receives $68.07 Consensus Price Target from Analysts
Integer Holdings Corp (NYSE:ITGR) has earned a consensus rating of “Buy” from the seven research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $68.07.
A number of analysts have weighed in on ITGR shares. ValuEngine lowered Virtu Financial from a “hold” rating to a “sell” rating in a report on Tuesday, June 18th. Zacks Investment Research lowered shares of GenMark Diagnostics from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. Finally, Argus raised their price target on shares of Aqua America from $2.00 to $43.00 in a report on Wednesday, June 5th. They noted that the move was a valuation call.
NYSE ITGR traded down $0.47 on Friday, hitting $81.65. The company’s stock had a trading volume of 9,268 shares, compared to its average volume of 230,030. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 21.53 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.49 and a current ratio of 2.55. The firm’s 50-day simple moving average is $77.87. Integer has a 52-week low of $67.25 and a 52-week high of $92.61.
In other news, Director James F. Hinrichs bought 3,750 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average cost of $68.47 per share, with a total value of $256,762.50. Following the completion of the transaction, the director now directly owns 6,549 shares in the company, valued at approximately $448,410.03. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.24% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of ITGR. Optimum Investment Advisors acquired a new stake in Integer during the 1st quarter valued at $30,000. Robeco Institutional Asset Management B.V. bought a new stake in Integer during the first quarter worth $40,000. Financial Gravity Wealth Inc. purchased a new stake in Integer during the 1st quarter worth about $45,000. PNC Financial Services Group Inc. lifted its holdings in Integer by 15.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,065 shares of the medical equipment provider’s stock worth $81,000 after purchasing an additional 145 shares in the last quarter. Finally, Pearl River Capital LLC bought a new position in Integer in the 1st quarter worth about $120,000. Institutional investors and hedge funds own 96.00% of the company’s stock.
Integer Holdings Corporation operates as a medical device outsource manufacturer worldwide. It operates in two segments, Medical and Non-Medical. The company offers products for vascular, cardiac surgery, and structural heart diseases; peripheral vascular, neurovascular, urology, and oncology products; and electrophysiology, infusion therapy, and hemodialysis products.
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