Brokerages Set Integer Holdings Co. (NYSE:ITGR) Target Price at $128.67

Shares of Integer Holdings Co. (NYSE:ITGR) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $128.00.

A number of brokerages have weighed in on ITGR. CL King started coverage on shares of Integer in a report on Thursday, March 14th. They issued a “buy” rating and a $137.00 price target for the company. Citigroup raised their target price on shares of Integer from $118.00 to $124.00 and gave the stock a “neutral” rating in a report on Wednesday. Benchmark reaffirmed a “buy” rating and issued a $130.00 price target on shares of Integer in a report on Friday, May 10th. Truist Financial began coverage on Integer in a research note on Wednesday, May 15th. They set a “buy” rating and a $137.00 price objective for the company. Finally, KeyCorp boosted their target price on Integer from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th.

Integer Trading Up 0.2 %

Integer stock opened at $121.61 on Thursday. Integer has a 12-month low of $69.40 and a 12-month high of $123.99. The stock has a market capitalization of $4.07 billion, a PE ratio of 42.08, a price-to-earnings-growth ratio of 1.78 and a beta of 1.12. The firm has a 50 day simple moving average of $115.42 and a 200-day simple moving average of $104.68. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.32 and a quick ratio of 2.01.

Integer (NYSE:ITGR) last issued its quarterly earnings results on Thursday, April 25th. The medical equipment provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.02. Integer had a return on equity of 11.25% and a net margin of 6.01%. The company had revenue of $414.80 million for the quarter, compared to analysts’ expectations of $412.78 million. During the same period last year, the firm earned $0.87 EPS. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, equities research analysts expect that Integer will post 5.27 EPS for the current fiscal year.

Insider Transactions at Integer

In related news, VP Tommy P. Thomas sold 1,500 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $114.00, for a total transaction of $171,000.00. Following the transaction, the vice president now directly owns 2,813 shares of the company’s stock, valued at $320,682. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP John A. Harris sold 312 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $113.00, for a total value of $35,256.00. Following the completion of the sale, the executive vice president now owns 1,157 shares of the company’s stock, valued at approximately $130,741. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Tommy P. Thomas sold 1,500 shares of Integer stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $114.00, for a total transaction of $171,000.00. Following the completion of the sale, the vice president now owns 2,813 shares of the company’s stock, valued at $320,682. The disclosure for this sale can be found here. Insiders sold a total of 6,812 shares of company stock valued at $771,956 over the last quarter. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Integer

Several hedge funds have recently bought and sold shares of the business. Blue Trust Inc. boosted its holdings in shares of Integer by 483.3% during the 4th quarter. Blue Trust Inc. now owns 455 shares of the medical equipment provider’s stock worth $45,000 after buying an additional 377 shares during the period. Principal Securities Inc. bought a new position in shares of Integer in the fourth quarter worth about $67,000. Headlands Technologies LLC acquired a new position in shares of Integer during the 1st quarter worth about $106,000. Van ECK Associates Corp boosted its stake in Integer by 22.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,733 shares of the medical equipment provider’s stock valued at $136,000 after purchasing an additional 313 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in Integer by 10.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,427 shares of the medical equipment provider’s stock valued at $141,000 after buying an additional 132 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

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.