Integer Holdings Co. (ITGR) Given “Hold” Rating at Royal Bank Of Canada
Royal Bank Of Canada reissued their hold rating on shares of Integer Holdings Co. (NASDAQ:ITGR) in a research note published on Friday. The firm currently has a $40.00 price objective on the medical equipment provider’s stock.
Several other research analysts have also issued reports on the company. Zacks Investment Research lowered Integer Holdings from a hold rating to a sell rating in a research report on Tuesday, May 30th. KeyCorp reaffirmed an overweight rating and set a $62.00 target price (up from $51.00) on shares of Integer Holdings in a research report on Monday, September 18th.
Integer Holdings (ITGR) traded up 3.31% during midday trading on Friday, reaching $49.90. The company had a trading volume of 231,719 shares. The company has a market capitalization of $1.58 billion, a PE ratio of 85.74 and a beta of 1.30. Integer Holdings has a 12-month low of $18.10 and a 12-month high of $50.20. The stock has a 50-day moving average price of $45.74 and a 200 day moving average price of $41.81.
Integer Holdings (NASDAQ:ITGR) last announced its earnings results on Thursday, July 27th. The medical equipment provider reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.11). The company had revenue of $363.00 million during the quarter, compared to analyst estimates of $353.68 million. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.56 earnings per share. Equities analysts forecast that Integer Holdings will post $2.75 EPS for the current year.
In other news, insider John A. Harris sold 1,261 shares of Integer Holdings stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $45.40, for a total value of $57,249.40. Following the completion of the transaction, the insider now directly owns 2,064 shares of the company’s stock, valued at approximately $93,705.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new position in shares of Integer Holdings in the 1st quarter worth about $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 about $209,000. Finally, FMR LLC bought a new position in shares of Integer Holdings in the 1st quarter worth about $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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