Teleflex Inc. (TFX) Reaches New 12-Month High at $186.66
Teleflex Inc. (NYSE:TFX) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $186.66 and last traded at $186.00, with a volume of 50,287 shares. The stock had previously closed at $185.59.
Several research firms have issued reports on TFX. Leerink Swann lifted their price target on shares of Teleflex from $183.00 to $190.00 and gave the stock a “market perform” rating in a research report on Friday, July 29th. Jefferies Group raised their price objective on shares of Teleflex from $157.00 to $185.00 and gave the stock a “hold” rating in a research note on Friday, July 29th. Barclays PLC raised their price objective on shares of Teleflex from $183.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, July 29th. Zacks Investment Research raised shares of Teleflex from a “hold” rating to a “buy” rating and set a $192.00 price objective for the company in a research note on Wednesday, June 29th. Finally, Raymond James Financial raised shares of Teleflex from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, June 1st. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $171.33.
The stock’s 50 day moving average price is $180.73 and its 200 day moving average price is $165.36. The company has a market capitalization of $8.22 billion and a P/E ratio of 33.13.
Teleflex (NYSE:TFX) last posted its quarterly earnings results on Thursday, July 28th. The medical technology company reported $1.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.15. The business had revenue of $473.60 million for the quarter, compared to the consensus estimate of $468.40 million. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $1.42 earnings per share. On average, equities research analysts expect that Teleflex Inc. will post $7.33 earnings per share for the current fiscal year.
The firm 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. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Thursday, August 11th.
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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