Teleflex Incorporated (NYSE:TFX) Given Average Rating of “Buy” by Analysts
Teleflex Incorporated (NYSE:TFX) has been assigned an average rating of “Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $224.50.
Several research firms recently commented on TFX. Barclays PLC reiterated a “buy” rating on shares of Teleflex in a research note on Monday, June 26th. Needham & Company LLC reiterated a “buy” rating on shares of Teleflex in a research note on Friday. Zacks Investment Research upgraded Teleflex from a “hold” rating to a “buy” rating and set a $228.00 price objective on the stock in a research note on Friday, June 23rd. Deutsche Bank AG upped their price objective on Teleflex from $213.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, May 8th. Finally, Jefferies Group LLC restated a “buy” rating and set a $230.00 target price on shares of Teleflex in a research report on Thursday, August 3rd.
In other news, Director Stuart A. Randle sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $205.67, for a total transaction of $514,175.00. Following the transaction, the director now directly owns 7,532 shares of the company’s stock, valued at $1,549,106.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen K. M.D. Klasko sold 200 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $199.93, for a total transaction of $39,986.00. Following the sale, the director now owns 8,080 shares of the company’s stock, valued at $1,615,434.40. The disclosure for this sale can be found here. Insiders have sold 8,300 shares of company stock worth $1,643,975 over the last ninety days. Insiders own 2.39% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Asset Planning Services Ltd. bought a new stake in shares of Teleflex during the first quarter valued at approximately $116,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Teleflex during the first quarter valued at approximately $155,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Teleflex by 200.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 900 shares of the medical technology company’s stock valued at $174,000 after buying an additional 600 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of Teleflex during the second quarter valued at approximately $200,000. Finally, Harvey Capital Management Inc. bought a new stake in shares of Teleflex during the second quarter valued at approximately $207,000. Institutional investors own 93.02% of the company’s stock.
Teleflex (NYSE TFX) opened at 214.60 on Monday. Teleflex has a 12 month low of $136.53 and a 12 month high of $216.77. The company’s 50-day moving average price is $207.61 and its 200 day moving average price is $195.00. The firm has a market capitalization of $9.65 billion, a PE ratio of 44.54 and a beta of 1.05.
Teleflex (NYSE:TFX) last announced its earnings results on Thursday, August 3rd. The medical technology company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.13. Teleflex had a return on equity of 16.12% and a net margin of 12.36%. The firm had revenue of $528.60 million for the quarter, compared to the consensus estimate of $518.98 million. During the same quarter in the previous year, the business earned $1.89 EPS. The company’s revenue was up 11.6% compared to the same quarter last year. On average, equities research analysts predict that Teleflex will post $8.25 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 15th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.36 dividend on an annualized basis and a yield of 0.63%. Teleflex’s dividend payout ratio is presently 26.00%.
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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 operates through six segments: Vascular North America; Anesthesia North America; Surgical North America; Europe, the Middle East and Africa (EMEA); Asia, and Original Equipment Manufacturer (OEM).
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