Teleflex Inc. (TFX) Hits New 12-Month High at $184.34
Teleflex Inc. (NYSE:TFX) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $184.34 and last traded at $184.03, with a volume of 49,652 shares trading hands. The stock had previously closed at $182.39.
A number of research analysts have issued reports on TFX shares. Barclays PLC restated an “overweight” rating and set a $183.00 target price (up from $170.00) on shares of Teleflex in a research report on Tuesday, June 14th. Zacks Investment Research upgraded shares of Teleflex from a “hold” rating to a “buy” rating and set a $192.00 target price on the stock in a research report on Wednesday, June 29th. Leerink Swann upped their target price on shares of Teleflex from $153.00 to $171.00 and gave the company a “market perform” rating in a research report on Monday, May 2nd. Raymond James Financial Inc. upgraded shares of Teleflex from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, June 1st. Finally, Jefferies Group upped their target price on shares of Teleflex from $157.00 to $185.00 and gave the company a “hold” rating in a research report on Friday, July 29th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Teleflex presently has an average rating of “Buy” and a consensus target price of $171.33.
The stock has a 50 day moving average price of $180.28 and a 200-day moving average price of $163.09. The firm has a market capitalization of $8.12 billion and a price-to-earnings ratio of 32.72.
Teleflex (NYSE:TFX) last released its earnings results on Thursday, July 28th. The medical technology company reported $1.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.15. The business earned $473.60 million during the quarter, compared to the consensus estimate of $468.40 million. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.42 EPS. Equities analysts anticipate that Teleflex Inc. will post $7.33 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Monday, August 15th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, August 11th.
In other Teleflex news, Director Stuart A. Randle sold 797 shares of Teleflex stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $166.10, for a total value of $132,381.70. Following the transaction, the director now owns 4,592 shares in the company, valued at $762,731.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Teleflex Incorporated is a provider of medical technology products. The Company designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for diagnostic and therapeutic procedures in critical care and surgical applications. The Company markets and sells its products to hospitals and healthcare providers, across the world, through a combination of its direct sales force and distributors.
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