Integer Holdings Corp (NYSE:ITGR) Given Average Rating of “Hold” by Analysts

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Integer Holdings Corp (NYSE:ITGR) has received a consensus rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $48.15.

Separately, ValuEngine raised Integer from a “sell” rating to a “hold” rating in a research note on Tuesday.

Integer stock opened at $75.01 on Tuesday. The stock’s 50 day moving average is $75.31 and its 200 day moving average is $77.03. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.40 and a quick ratio of 1.35. The firm has a market cap of $2.48 billion, a P/E ratio of 19.74 and a beta of 1.01. Integer has a one year low of $67.72 and a one year high of $92.61.

Integer (NYSE:ITGR) last posted its quarterly earnings data on Thursday, October 31st. The medical equipment provider reported $1.20 EPS for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.14. The company had revenue of $303.59 million for the quarter, compared to analyst estimates of $313.78 million. Integer had a return on equity of 13.47% and a net margin of 8.99%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.06 earnings per share. Equities analysts anticipate that Integer will post 4.6 earnings per share for the current fiscal year.

In related news, Director Pamela G. Bailey sold 7,446 shares of Integer stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $76.75, for a total value of $571,480.50. Following the transaction, the director now directly owns 56,990 shares of the company’s stock, valued at $4,373,982.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.24% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Metropolitan Life Insurance Co NY increased its holdings in Integer by 4.9% in the third quarter. Metropolitan Life Insurance Co NY now owns 10,565 shares of the medical equipment provider’s stock worth $798,000 after purchasing an additional 492 shares in the last quarter. Squarepoint Ops LLC bought a new stake in Integer in the third quarter worth approximately $4,173,000. California State Teachers Retirement System increased its holdings in Integer by 1.6% in the third quarter. California State Teachers Retirement System now owns 50,841 shares of the medical equipment provider’s stock worth $3,842,000 after purchasing an additional 797 shares in the last quarter. State Street Corp increased its holdings in Integer by 1.9% in the third quarter. State Street Corp now owns 1,067,337 shares of the medical equipment provider’s stock worth $80,648,000 after purchasing an additional 19,517 shares in the last quarter. Finally, Tamarack Advisers LP bought a new stake in Integer in the third quarter worth approximately $8,689,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

Integer Company Profile

Integer Holdings Corporation operates as a medical device outsource manufacturer worldwide. It operates in two segments, Medical and Non-Medical. The company offers products for vascular, cardiac surgery, and structural heart diseases; peripheral vascular, neurovascular, urology, and oncology products; and electrophysiology, infusion therapy, and hemodialysis products.

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