Integer Holdings Co. (NYSE:ITGR) Receives $148.56 Consensus Price Target from Brokerages

Integer Holdings Co. (NYSE:ITGR) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $148.56.

A number of brokerages have recently issued reports on ITGR. Truist Financial lifted their price target on Integer from $147.00 to $163.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Citigroup boosted their target price on shares of Integer from $130.00 to $145.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. Raymond James started coverage on shares of Integer in a research report on Friday, March 28th. They set an “outperform” rating and a $145.00 price target for the company. KeyCorp lifted their price objective on shares of Integer from $144.00 to $154.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, Benchmark boosted their price objective on shares of Integer from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, February 21st.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Mather Group LLC. increased its holdings in Integer by 304.3% in the 4th quarter. Mather Group LLC. now owns 190 shares of the medical equipment provider’s stock worth $25,000 after buying an additional 143 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of Integer in the fourth quarter worth $27,000. AdvisorNet Financial Inc purchased a new position in shares of Integer during the first quarter worth $28,000. R Squared Ltd acquired a new position in Integer during the fourth quarter valued at $44,000. Finally, Sterling Capital Management LLC lifted its position in Integer by 472.9% during the fourth quarter. Sterling Capital Management LLC now owns 338 shares of the medical equipment provider’s stock valued at $45,000 after purchasing an additional 279 shares during the period. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Integer Stock Performance

Shares of Integer stock opened at $106.39 on Friday. The company has a current ratio of 2.95, a quick ratio of 2.09 and a debt-to-equity ratio of 0.62. The stock’s fifty day moving average price is $125.89 and its 200-day moving average price is $131.28. The firm has a market cap of $3.58 billion, a P/E ratio of 31.66, a P/E/G ratio of 1.72 and a beta of 1.09. Integer has a 12 month low of $104.93 and a 12 month high of $146.36.

Integer (NYSE:ITGR) last announced its quarterly earnings results on Thursday, February 20th. The medical equipment provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.03). Integer had a return on equity of 11.65% and a net margin of 6.92%. The business had revenue of $449.50 million during the quarter, compared to analysts’ expectations of $446.28 million. On average, equities research analysts expect that Integer will post 6.01 earnings per share for the current fiscal year.

Integer Company Profile

Integer Holdings Corporation operates as a medical device outsource manufacturer in the United States, Puerto Rico, Costa Rica, and internationally. It operates through two segments, Medical and Non-Medical. The company offers products for interventional cardiology, structural heart, heart failure, peripheral vascular, neurovascular, interventional oncology, electrophysiology, vascular access, infusion therapy, hemodialysis, non-vascular, urology, and gastroenterology procedures.