Teleflex Incorporated (NYSE:TFX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Teleflex Incorporated (NYSE:TFX) has been given a consensus rating of “Moderate Buy” by the eight research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $267.71.

A number of brokerages recently weighed in on TFX. Truist Financial boosted their price target on shares of Teleflex from $240.00 to $247.00 and gave the stock a “hold” rating in a report on Monday, August 5th. Piper Sandler upgraded Teleflex from a “neutral” rating to an “overweight” rating and upped their price target for the company from $205.00 to $245.00 in a research report on Monday, July 1st. Royal Bank of Canada upped their price target on Teleflex from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Stephens upped their price target on Teleflex from $275.00 to $290.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd.

Insider Activity at Teleflex

In related news, Director Stuart A. Randle sold 2,674 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $238.93, for a total transaction of $638,898.82. Following the completion of the transaction, the director now directly owns 5,496 shares in the company, valued at approximately $1,313,159.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.43% of the stock is currently owned by corporate insiders.

Institutional Trading of Teleflex

Several hedge funds have recently modified their holdings of the company. Riverview Trust Co bought a new position in shares of Teleflex during the 1st quarter worth $31,000. Pineridge Advisors LLC acquired a new stake in Teleflex in the fourth quarter valued at approximately $35,000. Canada Pension Plan Investment Board acquired a new stake in shares of Teleflex in the second quarter worth approximately $42,000. GAMMA Investing LLC boosted its stake in shares of Teleflex by 131.1% in the third quarter. GAMMA Investing LLC now owns 171 shares of the medical technology company’s stock worth $42,000 after acquiring an additional 97 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in Teleflex by 20,700.0% during the second quarter. Versant Capital Management Inc now owns 208 shares of the medical technology company’s stock worth $44,000 after buying an additional 207 shares in the last quarter. 95.62% of the stock is owned by hedge funds and other institutional investors.

Teleflex Stock Performance

Shares of TFX stock opened at $234.62 on Friday. The firm has a market capitalization of $11.06 billion, a PE ratio of 37.66, a price-to-earnings-growth ratio of 2.17 and a beta of 1.16. The firm has a fifty day simple moving average of $240.23 and a two-hundred day simple moving average of $222.31. The company has a current ratio of 2.58, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. Teleflex has a 12 month low of $177.63 and a 12 month high of $257.85.

Teleflex (NYSE:TFX) last posted its quarterly earnings data on Thursday, August 1st. The medical technology company reported $3.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.33 by $0.09. The firm had revenue of $749.70 million for the quarter, compared to the consensus estimate of $762.98 million. Teleflex had a net margin of 8.76% and a return on equity of 14.51%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.41 EPS. Analysts forecast that Teleflex will post 13.97 EPS for the current fiscal year.

Teleflex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, August 15th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.58%. Teleflex’s dividend payout ratio (DPR) is presently 21.83%.

About Teleflex

Teleflex Incorporated designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. The company provides vascular access products that comprise Arrow branded catheters, catheter navigation and tip positioning systems, and intraosseous access systems for the administration of intravenous therapies, the measurement of blood pressure, and the withdrawal of blood samples through a single puncture site.