Teleflex Incorporated (NYSE:TFX) Receives $252.50 Consensus Price Target from Analysts

Shares of Teleflex Incorporated (NYSE:TFX - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven brokerages that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $252.50.

Several equities analysts have issued reports on TFX shares. Truist Financial decreased their price objective on shares of Teleflex from $227.00 to $200.00 and set a "hold" rating for the company in a research note on Wednesday, December 18th. Mizuho decreased their price objective on shares of Teleflex from $275.00 to $250.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. StockNews.com upgraded shares of Teleflex from a "hold" rating to a "buy" rating in a research note on Thursday, November 28th. Royal Bank of Canada reduced their target price on shares of Teleflex from $275.00 to $245.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Teleflex in a report on Monday, December 16th.

Teleflex Stock Performance

NYSE TFX traded down $0.17 during trading hours on Thursday, hitting $167.44. The company had a trading volume of 518,347 shares, compared to its average volume of 521,420. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 2.42. Teleflex has a 1-year low of $166.76 and a 1-year high of $256.85. The company has a market cap of $7.78 billion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 1.72 and a beta of 1.16. The business has a 50 day moving average of $178.15 and a 200-day moving average of $209.23.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. raised its holdings in Teleflex by 4.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,173,121 shares of the medical technology company's stock worth $1,098,693,000 after purchasing an additional 261,279 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Teleflex by 2.8% during the third quarter. Janus Henderson Group PLC now owns 5,376,452 shares of the medical technology company's stock worth $1,329,704,000 after purchasing an additional 147,147 shares in the last quarter. State Street Corp raised its holdings in Teleflex by 1.0% during the third quarter. State Street Corp now owns 2,057,080 shares of the medical technology company's stock worth $508,757,000 after purchasing an additional 21,291 shares in the last quarter. Geode Capital Management LLC raised its holdings in Teleflex by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,138,867 shares of the medical technology company's stock worth $202,161,000 after purchasing an additional 8,307 shares in the last quarter. Finally, Cooke & Bieler LP raised its holdings in Teleflex by 22.1% during the fourth quarter. Cooke & Bieler LP now owns 1,078,557 shares of the medical technology company's stock worth $191,962,000 after purchasing an additional 195,150 shares in the last quarter. 95.62% of the stock is owned by hedge funds and other institutional investors.

Teleflex Company Profile

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.