Integer Holdings Co. (NYSE:ITGR) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Integer Holdings Co. (NYSE:ITGR - Get Free Report) have received a consensus rating of "Moderate Buy" from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $148.56.

Several research firms recently weighed in on ITGR. Oppenheimer lowered Integer from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Benchmark boosted their price objective on Integer from $140.00 to $150.00 and gave the company a "buy" rating in a report on Friday, February 21st. Raymond James started coverage on Integer in a research note on Friday, March 28th. They issued an "outperform" rating and a $145.00 target price on the stock. Truist Financial boosted their target price on shares of Integer from $147.00 to $163.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Finally, Citigroup raised their price target on shares of Integer from $130.00 to $145.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 11th.

Integer Stock Performance

NYSE ITGR traded down $2.53 during trading hours on Friday, hitting $113.84. 753,579 shares of the company's stock traded hands, compared to its average volume of 339,809. The company has a current ratio of 2.95, a quick ratio of 2.09 and a debt-to-equity ratio of 0.62. Integer has a 52 week low of $104.93 and a 52 week high of $146.36. The firm has a market capitalization of $3.83 billion, a P/E ratio of 33.88, a P/E/G ratio of 1.72 and a beta of 1.09. The business's fifty day moving average price is $124.34 and its two-hundred day moving average price is $131.00.

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Integer (NYSE:ITGR - Get Free Report) last released its earnings results on Thursday, February 20th. The medical equipment provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.03). The firm had revenue of $449.50 million during the quarter, compared to analysts' expectations of $446.28 million. Integer had a return on equity of 11.65% and a net margin of 6.92%. Equities research analysts predict that Integer will post 6.01 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Mather Group LLC. boosted its stake in shares of Integer by 304.3% during the fourth quarter. Mather Group LLC. now owns 190 shares of the medical equipment provider's stock valued at $25,000 after purchasing an additional 143 shares in the last quarter. Lee Danner & Bass Inc. purchased a new stake in Integer during the fourth quarter worth $27,000. AdvisorNet Financial Inc bought a new stake in Integer during the 1st quarter valued at $28,000. R Squared Ltd purchased a new position in shares of Integer in the 4th quarter valued at $44,000. Finally, Sterling Capital Management LLC raised its position in shares of Integer by 472.9% in the 4th quarter. Sterling Capital Management LLC now owns 338 shares of the medical equipment provider's stock worth $45,000 after acquiring an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company's stock.

About Integer

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.