ValuEngine Upgrades Integer (ITGR) to Strong-Buy
ValuEngine upgraded shares of Integer (NYSE:ITGR) from a buy rating to a strong-buy rating in a research report released on Wednesday.
Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Integer from a sell rating to a buy rating and set a $51.00 price objective for the company in a research note on Wednesday, December 27th. TheStreet lowered shares of Integer from a b- rating to a c+ rating in a research note on Thursday, November 9th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Integer currently has a consensus rating of Hold and a consensus target price of $51.00.
Shares of Integer (ITGR) opened at $53.80 on Wednesday. The firm has a market cap of $1,716.27, a PE ratio of 26.12, a price-to-earnings-growth ratio of 1.09 and a beta of 0.99. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.46 and a current ratio of 2.55. Integer has a 12 month low of $33.90 and a 12 month high of $55.20.
In other news, insider Declan Smyth sold 1,112 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $44.89, for a total transaction of $49,917.68. Following the sale, the insider now owns 11,656 shares of the company’s stock, valued at approximately $523,237.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bill R. Sanford sold 20,605 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $46.00, for a total transaction of $947,830.00. Following the sale, the director now directly owns 63,606 shares in the company, valued at approximately $2,925,876. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,898 shares of company stock valued at $2,095,809. 4.80% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Zions Bancorporation purchased a new stake in shares of Integer during the 3rd quarter valued at about $174,000. Amalgamated Bank purchased a new stake in shares of Integer during the 3rd quarter valued at about $212,000. Advisor Group Inc. boosted its holdings in shares of Integer by 340.0% during the 4th quarter. Advisor Group Inc. now owns 4,154 shares of the medical equipment provider’s stock valued at $188,000 after acquiring an additional 3,210 shares during the last quarter. Bessemer Group Inc. purchased a new stake in shares of Integer during the 3rd quarter valued at about $220,000. Finally, LS Investment Advisors LLC boosted its holdings in shares of Integer by 298.1% during the 4th quarter. LS Investment Advisors LLC now owns 4,339 shares of the medical equipment provider’s stock valued at $197,000 after acquiring an additional 3,249 shares during the last quarter. 94.49% of the stock is currently owned by hedge funds and other institutional investors.
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Integer 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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