Integer Holdings Co. (NYSE:ITGR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Integer Holdings Co. (NYSE:ITGR) have earned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $128.00.

ITGR has been the subject of several research reports. Benchmark restated a “buy” rating and issued a $130.00 price objective on shares of Integer in a report on Friday, May 10th. CL King began coverage on shares of Integer in a report on Thursday, March 14th. They issued a “buy” rating and a $137.00 price objective for the company. Truist Financial began coverage on Integer in a research report on Wednesday, May 15th. They set a “buy” rating and a $137.00 price objective on the stock. Citigroup raised their target price on Integer from $118.00 to $124.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. Finally, Bank of America upgraded Integer from a “neutral” rating to a “buy” rating and lifted their price target for the company from $105.00 to $135.00 in a research report on Monday, April 15th.

Integer Stock Down 0.6 %

NYSE ITGR opened at $115.03 on Friday. Integer has a 1 year low of $69.40 and a 1 year high of $123.99. The stock has a market capitalization of $3.85 billion, a PE ratio of 39.80, a PEG ratio of 1.71 and a beta of 1.11. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.32 and a quick ratio of 2.01. The business’s 50-day moving average is $116.73 and its 200 day moving average is $110.75.

Integer (NYSE:ITGR) last issued its quarterly earnings data on Thursday, April 25th. The medical equipment provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. The firm had revenue of $414.80 million for the quarter, compared to analyst estimates of $412.78 million. Integer had a return on equity of 11.25% and a net margin of 6.01%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $0.87 EPS. Sell-side analysts forecast that Integer will post 5.27 earnings per share for the current year.

Insider Activity at Integer

In other news, VP Tommy P. Thomas sold 1,500 shares of Integer stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $114.00, for a total value of $171,000.00. Following the completion of the transaction, the vice president now owns 2,813 shares of the company’s stock, valued at approximately $320,682. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Integer news, SVP Andrew Senn sold 5,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $113.14, for a total transaction of $565,700.00. Following the sale, the senior vice president now directly owns 4,658 shares in the company, valued at approximately $527,006.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Tommy P. Thomas sold 1,500 shares of Integer stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $114.00, for a total value of $171,000.00. Following the completion of the sale, the vice president now directly owns 2,813 shares of the company’s stock, valued at approximately $320,682. The disclosure for this sale can be found here. Insiders sold a total of 17,936 shares of company stock valued at $2,130,937 in the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Integer

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its stake in Integer by 60.9% during the 2nd quarter. GAMMA Investing LLC now owns 375 shares of the medical equipment provider’s stock valued at $43,000 after acquiring an additional 142 shares during the period. Virtu Financial LLC bought a new position in Integer during the first quarter valued at approximately $298,000. Hancock Whitney Corp purchased a new stake in Integer in the first quarter worth approximately $203,000. Price T Rowe Associates Inc. MD grew its position in Integer by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,031 shares of the medical equipment provider’s stock worth $2,221,000 after purchasing an additional 1,219 shares during the period. Finally, Gamco Investors INC. ET AL raised its stake in Integer by 3.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 29,432 shares of the medical equipment provider’s stock valued at $3,434,000 after buying an additional 850 shares during the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

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.