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

Shares of Integer Holdings Co. (NYSE:ITGR) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $137.29.

Several brokerages have recently issued reports on ITGR. Oppenheimer initiated coverage on shares of Integer in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $135.00 price objective on the stock. Citigroup lifted their target price on shares of Integer from $124.00 to $130.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 1st. Benchmark reissued a “buy” rating and issued a $130.00 target price on shares of Integer in a research report on Wednesday, October 2nd. Bank of America lifted their target price on shares of Integer from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Finally, Truist Financial boosted their price objective on shares of Integer from $137.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st.

Insiders Place Their Bets

In other Integer news, Director Jean M. Hobby sold 11,960 shares of the business’s 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 completion of the sale, the director now directly owns 2,280 shares of the company’s stock, valued at $272,824.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Trading of Integer

Institutional investors and hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP acquired a new position in Integer during the 1st quarter valued at $786,000. Blue Trust Inc. raised its stake in shares of Integer by 460.4% in the 2nd quarter. Blue Trust Inc. now owns 5,643 shares of the medical equipment provider’s stock valued at $658,000 after buying an additional 4,636 shares in the last quarter. UniSuper Management Pty Ltd acquired a new position in shares of Integer in the 1st quarter valued at $976,000. Congress Asset Management Co. MA grew its holdings in shares of Integer by 12.5% in the 4th quarter. Congress Asset Management Co. MA now owns 421,524 shares of the medical equipment provider’s stock worth $41,765,000 after purchasing an additional 46,776 shares during the last quarter. Finally, Moloney Securities Asset Management LLC bought a new stake in shares of Integer in the 1st quarter worth about $927,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Integer Stock Up 0.8 %

Integer stock opened at $129.24 on Friday. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 44.72, a PEG ratio of 1.86 and a beta of 1.08. The company has a current ratio of 3.29, a quick ratio of 1.96 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average price is $125.02 and its two-hundred day moving average price is $120.03. Integer has a 52 week low of $69.40 and a 52 week high of $131.87.

Integer (NYSE:ITGR) last announced its quarterly earnings data on Thursday, July 25th. The medical equipment provider reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.06. The company had revenue of $436.20 million for the quarter, compared to analysts’ expectations of $437.00 million. Integer had a net margin of 6.31% and a return on equity of 11.48%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS. On average, analysts expect that Integer will post 5.3 EPS for the current fiscal 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.