Integer Holdings Co. (NYSE:ITGR) Receives Consensus Rating of “Moderate Buy” from Analysts

Integer Holdings Co. (NYSE:ITGR) has earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $133.86.

A number of research analysts recently weighed in on the company. Truist Financial started coverage on Integer in a report on Wednesday, May 15th. They issued a “buy” rating and a $137.00 target price on the stock. Benchmark reiterated a “buy” rating and set a $130.00 target price on shares of Integer in a report on Friday, August 2nd. Oppenheimer initiated coverage on shares of Integer in a report on Tuesday, July 16th. They issued an “outperform” rating and a $135.00 price target on the stock. Finally, Citigroup boosted their price objective 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.

Insider Activity at Integer

In other Integer news, EVP John A. Harris sold 1,521 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $120.44, for a total value of $183,189.24. Following the completion of the transaction, the executive vice president now directly owns 4,922 shares of the company’s stock, valued at approximately $592,805.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Integer news, EVP John A. Harris sold 1,521 shares of Integer stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $120.44, for a total transaction of $183,189.24. Following the sale, the executive vice president now directly owns 4,922 shares in the company, valued at approximately $592,805.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jean M. Hobby sold 11,960 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $119.66, for a total value of $1,431,133.60. Following the transaction, the director now owns 2,280 shares of the company’s stock, valued at $272,824.80. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Integer

A number of institutional investors have recently modified their holdings of the stock. Quest Partners LLC increased its holdings in Integer by 3,688.9% in the second quarter. Quest Partners LLC now owns 341 shares of the medical equipment provider’s stock valued at $39,000 after buying an additional 332 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Integer by 60.9% in the 2nd quarter. GAMMA Investing LLC now owns 375 shares of the medical equipment provider’s stock worth $43,000 after buying an additional 142 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of Integer in the 4th quarter valued at about $67,000. Headlands Technologies LLC acquired a new stake in Integer during the first quarter worth about $106,000. Finally, Innealta Capital LLC bought a new position in Integer in the second quarter worth about $110,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Integer Stock Performance

NYSE ITGR opened at $127.55 on Friday. The business’s 50-day moving average price is $118.90 and its 200 day moving average price is $115.90. The company has a current ratio of 3.29, a quick ratio of 1.96 and a debt-to-equity ratio of 0.73. Integer has a twelve month low of $69.40 and a twelve month high of $130.15. The company has a market capitalization of $4.27 billion, a PE ratio of 44.13, a price-to-earnings-growth ratio of 1.70 and a beta of 1.11.

Integer (NYSE:ITGR) last announced its quarterly earnings data on Thursday, July 25th. The medical equipment provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.06. Integer had a net margin of 6.31% and a return on equity of 11.48%. The business had revenue of $436.20 million for the quarter, compared to analyst estimates of $437.00 million. During the same period in the prior year, the firm posted $1.14 EPS. The company’s revenue was up 9.0% on a year-over-year basis. On average, research analysts predict that Integer will post 5.31 earnings per share for the current year.

About Integer

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.