Teleflex (NYSE:TFX) Stock Jumps 3.8% on Analyst Upgrade

Teleflex Incorporated (NYSE:TFX)’s share price was up 3.8% during trading on Monday after Bank of America upgraded the stock from a neutral rating to a buy rating. Bank of America now has a $158.00 price target on the stock, up from their previous price target of $145.00. Teleflex traded as high as $126.46 and last traded at $126.7310. 510,016 shares were traded during trading, a decline of 34% from the average daily volume of 778,157 shares. The stock had previously closed at $122.07.

Other equities analysts have also issued reports about the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Teleflex in a research report on Monday, September 21st. Zacks Research upgraded shares of Teleflex from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Needham & Company LLC raised their target price on shares of Teleflex from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. Piper Sandler reaffirmed an “overweight” rating and issued a $169.00 target price (up from $160.00) on shares of Teleflex in a report on Friday, August 7th. Finally, Mizuho lifted their target price on shares of Teleflex from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.20.

Institutional Trading of Teleflex

A number of institutional investors have recently modified their holdings of TFX. BlackRock Inc. purchased a new position in Teleflex in the second quarter worth $688,537,000. Jupiter Topco LLC purchased a new stake in shares of Teleflex during the 2nd quarter worth $550,456,000. Janus Henderson Group PLC boosted its position in shares of Teleflex by 1.1% during the 1st quarter. Janus Henderson Group PLC now owns 4,291,311 shares of the medical technology company’s stock worth $513,281,000 after purchasing an additional 45,199 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Teleflex by 10.6% during the 4th quarter. Geode Capital Management LLC now owns 985,684 shares of the medical technology company’s stock worth $120,312,000 after purchasing an additional 94,679 shares during the period. Finally, Irenic Capital Management LP acquired a new position in shares of Teleflex during the 1st quarter worth $104,061,000. 95.62% of the stock is currently owned by hedge funds and other institutional investors.

Teleflex Price Performance

The stock’s fifty day moving average price is $134.00 and its 200-day moving average price is $128.64. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.12 and a current ratio of 2.60. The firm has a market cap of $5.37 billion, a PE ratio of -5.43, a P/E/G ratio of 0.81 and a beta of 0.82.

Teleflex (NYSE:TFX) last released its quarterly earnings data on Thursday, August 6th. The medical technology company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.48. Teleflex had a negative net margin of 39.67% and a positive return on equity of 11.93%. The firm had revenue of $570.33 million for the quarter, compared to the consensus estimate of $559.59 million. During the same quarter in the previous year, the firm earned $3.73 earnings per share. The firm’s revenue was up 28.9% on a year-over-year basis. Teleflex has set its FY 2026 guidance at 6.900-7.200 EPS. As a group, equities analysts forecast that Teleflex Incorporated will post 7.26 EPS for the current fiscal year.

Teleflex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, August 14th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, August 14th. Teleflex’s dividend payout ratio (DPR) is presently -5.84%.

Teleflex Company Profile

Teleflex Incorporated is a global medical technology company that develops, manufactures and supplies specialty medical devices for hospitals, clinicians and other health care providers. Its products are designed to support procedures in areas including vascular access, interventional cardiology and radiology, anesthesia, emergency medicine, surgery and urology.

The company’s portfolio includes Arrow branded vascular access and catheter products, airway management devices, regional anesthesia products, surgical instruments, interventional devices and urological products.