Integer Holdings’ (ITGR) “Overweight” Rating Reiterated at KeyCorp
Integer Holdings Co. (NASDAQ:ITGR)‘s stock had its “overweight” rating reissued by stock analysts at KeyCorp in a research report issued on Monday. They currently have a $62.00 target price on the medical equipment provider’s stock, up from their prior target price of $51.00. KeyCorp’s target price suggests a potential upside of 32.06% from the stock’s previous close.
Separately, Zacks Investment Research cut Integer Holdings from a “hold” rating to a “sell” rating in a report on Monday, August 28th.
Integer Holdings (NASDAQ:ITGR) opened at 46.95 on Monday. The firm has a 50-day moving average price of $45.58 and a 200 day moving average price of $41.58. Integer Holdings has a 52-week low of $18.10 and a 52-week high of $47.25. The company has a market capitalization of $1.48 billion, a P/E ratio of 80.67 and a beta of 1.30.
Integer Holdings (NASDAQ:ITGR) last issued its earnings results on Thursday, July 27th. The medical equipment provider reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.11). The company had revenue of $363.00 million during the quarter, compared to the consensus estimate of $353.68 million. Integer Holdings’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 EPS. On average, analysts predict that Integer Holdings will post $2.76 earnings per share for the current fiscal year.
In other Integer Holdings news, insider John A. Harris sold 1,261 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $45.40, for a total transaction of $57,249.40. Following the completion of the transaction, the insider now owns 2,064 shares of the company’s stock, valued at approximately $93,705.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Large investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new position in shares of Integer Holdings in the 1st quarter worth approximately $104,000. Envestnet Asset Management Inc. raised its position in shares of Integer Holdings by 184.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,545 shares of the medical equipment provider’s stock worth $142,000 after acquiring an additional 2,298 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Integer Holdings by 126.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 4,834 shares of the medical equipment provider’s stock worth $194,000 after acquiring an additional 2,697 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Integer Holdings in the 1st quarter worth approximately $209,000. Finally, FMR LLC bought a new position in shares of Integer Holdings in the 1st quarter worth approximately $226,000.
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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