Integer Holdings Co. (ITGR) Given Consensus Recommendation of “Hold” by Brokerages
Integer Holdings Co. (NASDAQ:ITGR) has been given an average recommendation of “Hold” by the seven analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $62.00.
Several research firms have recently issued reports on ITGR. Northcoast Research cut shares of Integer Holdings from a “buy” rating to a “neutral” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. TheStreet raised shares of Integer Holdings from a “c+” rating to a “b-” rating in a report on Wednesday, October 18th. BidaskClub raised shares of Integer Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Royal Bank Of Canada reissued a “hold” rating and issued a $40.00 target price on shares of Integer Holdings in a report on Friday, September 22nd. Finally, KeyCorp reissued an “overweight” rating and issued a $62.00 target price (up from $51.00) on shares of Integer Holdings in a report on Monday, September 18th.
In related news, insider Jennifer M. Bolt sold 7,626 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $48.22, for a total value of $367,725.72. Following the completion of the transaction, the insider now directly owns 12,735 shares of the company’s stock, valued at $614,081.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Thomas J. Mazza sold 23,123 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $46.16, for a total transaction of $1,067,357.68. Following the completion of the transaction, the vice president now directly owns 26,123 shares of the company’s stock, valued at $1,205,837.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,010 shares of company stock valued at $1,492,333.
A number of hedge funds and other institutional investors have recently bought and sold shares of ITGR. Meeder Asset Management Inc. boosted its stake in Integer Holdings by 411.1% during the third quarter. Meeder Asset Management Inc. now owns 2,034 shares of the medical equipment provider’s stock worth $104,000 after buying an additional 1,636 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Integer Holdings by 126.2% during the first quarter. Public Employees Retirement System of Ohio now owns 4,834 shares of the medical equipment provider’s stock worth $194,000 after buying an additional 2,697 shares during the period. Amalgamated Bank purchased a new position in Integer Holdings during the third quarter worth $212,000. Bessemer Group Inc. purchased a new position in Integer Holdings during the third quarter worth $220,000. Finally, FMR LLC purchased a new position in Integer Holdings during the first quarter worth $226,000.
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Shares of Integer Holdings (ITGR) opened at $47.10 on Tuesday. Integer Holdings has a 1 year low of $24.70 and a 1 year high of $55.20.
Integer Holdings (NASDAQ:ITGR) last released its quarterly earnings data on Thursday, October 26th. The medical equipment provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.04. The company had revenue of $363.31 million for the quarter, compared to the consensus estimate of $354.83 million. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 EPS.
About Integer Holdings
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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