Analysts Set Integer Holdings Co. (ITGR) Target Price at $55.67
Shares of Integer Holdings Co. (NASDAQ:ITGR) have been assigned a consensus rating of “Hold” from the six research firms that are covering the stock. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $55.67.
ITGR has been the topic of a number of recent research reports. Zacks Investment Research lowered Integer Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 2nd. TheStreet lowered Integer Holdings from a “hold” rating to a “sell” rating in a report on Friday, July 1st.
Shares of Integer Holdings (NASDAQ:ITGR) opened at 19.54 on Friday. Integer Holdings has a 52-week low of $19.10 and a 52-week high of $61.06. The stock’s 50 day moving average price is $22.02 and its 200-day moving average price is $28.48. The company’s market capitalization is $601.85 million.
Integer Holdings (NASDAQ:ITGR) last posted its earnings results on Thursday, July 28th. The company reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.14. The firm earned $348.38 million during the quarter, compared to the consensus estimate of $356.72 million. During the same quarter in the previous year, the company earned $0.73 EPS. The firm’s quarterly revenue was up 99.2% on a year-over-year basis. On average, equities analysts expect that Integer Holdings will post $2.60 earnings per share for the current year.
Several hedge funds have recently modified their holdings of ITGR. BNP Paribas Arbitrage SA acquired a new stake in shares of Integer Holdings during the third quarter worth approximately $110,000. First Mercantile Trust Co. acquired a new stake in shares of Integer Holdings during the third quarter worth approximately $264,000. Pacific Ridge Capital Partners LLC acquired a new stake in shares of Integer Holdings during the second quarter worth approximately $548,000. Hanson & Doremus Investment Management acquired a new stake in shares of Integer Holdings during the second quarter worth approximately $669,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of Integer Holdings by 12.2% in the third quarter. Nisa Investment Advisors LLC now owns 37,600 shares of the company’s stock worth $816,000 after buying an additional 4,100 shares during the last quarter.
Integer Holdings Company Profile
Greatbatch, Inc is a developer and manufacturer of medical devices and components. The Company operates through two segments: Greatbatch Medical and QiG Group (QiG). Greatbatch Medical designs and manufactures products where the Company either owns the intellectual property or has unique manufacturing and assembly expertise.
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