Analysts Set Integer Holdings Co. (NYSE:ITGR) Price Target at $128.67

Integer Holdings Co. (NYSE:ITGR) has earned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $128.00.

Several research firms have issued reports on ITGR. KeyCorp raised their target price on Integer from $123.00 to $139.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Citigroup boosted their price objective on shares of Integer from $118.00 to $124.00 and gave the company a “neutral” rating in a report on Wednesday. Truist Financial assumed coverage on shares of Integer in a research report on Wednesday, May 15th. They set a “buy” rating and a $137.00 price target for the company. Bank of America upgraded shares of Integer from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $105.00 to $135.00 in a report on Monday, April 15th. Finally, Benchmark reiterated a “buy” rating and issued a $130.00 target price on shares of Integer in a report on Friday, May 10th.

Integer Stock Performance

Shares of Integer stock opened at $121.61 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.01 and a current ratio of 3.32. The business’s 50 day moving average price is $115.42 and its 200 day moving average price is $104.68. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 42.08, a PEG ratio of 1.78 and a beta of 1.12. Integer has a one year low of $69.40 and a one year high of $123.99.

Integer (NYSE:ITGR) last announced its quarterly earnings data on Thursday, April 25th. The medical equipment provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. Integer had a net margin of 6.01% and a return on equity of 11.25%. The firm had revenue of $414.80 million during the quarter, compared to analyst estimates of $412.78 million. During the same quarter in the prior year, the firm posted $0.87 earnings per share. Integer’s quarterly revenue was up 9.5% on a year-over-year basis. On average, research analysts predict that Integer will post 5.27 EPS for the current year.

Insider Transactions at Integer

In related news, SVP Andrew Senn sold 5,000 shares of Integer stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $113.14, for a total value of $565,700.00. Following the completion of the transaction, the senior vice president now directly owns 4,658 shares in the company, valued at $527,006.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Tommy P. Thomas sold 1,500 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $114.00, for a total value of $171,000.00. Following the sale, the vice president now directly owns 2,813 shares in the company, valued at approximately $320,682. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Andrew Senn sold 5,000 shares of the business’s 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 transaction, the senior vice president now owns 4,658 shares of the company’s stock, valued at approximately $527,006.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,812 shares of company stock valued at $771,956. 2.00% of the stock is currently owned by company insiders.

Institutional Trading of Integer

A number of institutional investors have recently bought and sold shares of the business. Handelsbanken Fonder AB grew its position in shares of Integer by 1.7% in the 4th quarter. Handelsbanken Fonder AB now owns 5,837 shares of the medical equipment provider’s stock valued at $578,000 after buying an additional 100 shares during the last quarter. Cornercap Investment Counsel Inc. grew its holdings in shares of Integer by 1.0% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 12,014 shares of the medical equipment provider’s stock worth $1,190,000 after purchasing an additional 121 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Integer by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 9,474 shares of the medical equipment provider’s stock valued at $743,000 after purchasing an additional 131 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Integer by 10.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,427 shares of the medical equipment provider’s stock valued at $141,000 after purchasing an additional 132 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in Integer by 1.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 9,507 shares of the medical equipment provider’s stock worth $746,000 after buying an additional 142 shares during the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

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.