Teleflex Inc. (TFX) Hits New 52-Week High at $184.34
Teleflex Inc. (NYSE:TFX)’s share price hit a new 52-week high on Monday . The company traded as high as $184.34 and last traded at $184.03, with a volume of 49,652 shares. The stock had previously closed at $182.39.
A number of equities analysts have recently weighed in on the company. Jefferies Group boosted their target price on Teleflex from $157.00 to $185.00 and gave the stock a “hold” rating in a research note on Friday, July 29th. Barclays PLC boosted their target price on Teleflex from $183.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, July 29th. Leerink Swann boosted their target price on Teleflex from $183.00 to $190.00 and gave the stock a “market perform” rating in a research note on Friday, July 29th. Zacks Investment Research upgraded Teleflex from a “hold” rating to a “buy” rating and set a $192.00 target price on the stock in a research note on Wednesday, June 29th. Finally, Raymond James Financial Inc. upgraded Teleflex from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, June 1st. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Teleflex currently has an average rating of “Buy” and a consensus target price of $171.33.
The company’s 50-day moving average is $180.39 and its 200-day moving average is $164.27. The stock has a market cap of $8.13 billion and a price-to-earnings ratio of 32.75.
Teleflex (NYSE:TFX) last announced its quarterly earnings data on Thursday, July 28th. The medical technology company reported $1.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.15. During the same quarter in the previous year, the business earned $1.42 earnings per share. The firm had revenue of $473.60 million for the quarter, compared to the consensus estimate of $468.40 million. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. Analysts expect that Teleflex Inc. will post $7.33 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Monday, August 15th will be paid a dividend of $0.34 per share. The ex-dividend date is Thursday, August 11th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.74%.
In related news, Director Stuart A. Randle sold 797 shares of Teleflex stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $166.10, for a total transaction of $132,381.70. Following the completion of the transaction, the director now directly owns 4,592 shares of the company’s stock, valued at approximately $762,731.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
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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