Integer Holdings Corporation (NYSE:ITGR) Stock Has Consensus Price Target of $109.86 According to Analysts

Shares of Integer Holdings Corporation (NYSE:ITGR) have received an average recommendation of “Hold” from the fourteen analysts that are covering the company, MarketBeat.com reports. Thirteen equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $109.86.

A number of brokerages recently issued reports on ITGR. Zacks Research upgraded Integer from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Weiss Ratings restated a “hold (c)” rating on shares of Integer in a research note on Monday, September 14th. Wells Fargo & Company upped their target price on Integer from $84.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. KeyCorp cut Integer from an “overweight” rating to a “sector weight” rating in a report on Monday, August 3rd. Finally, Oppenheimer downgraded Integer from an “outperform” rating to a “market perform” rating in a research report on Monday, August 3rd.

Insider Buying and Selling

In other Integer news, insider Kirk K. Thor sold 11,767 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $126.23, for a total value of $1,485,348.41. Following the completion of the transaction, the insider owned 7,153 shares of the company’s stock, valued at $902,923.19. The trade was a 62.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew Senn sold 9,408 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $126.30, for a total transaction of $1,188,230.40. Following the completion of the transaction, the insider directly owned 5,405 shares in the company, valued at $682,651.50. The trade was a 63.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 40,948 shares of company stock worth $5,169,920 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Integer

A number of hedge funds have recently made changes to their positions in ITGR. Irenic Capital Management LP purchased a new position in Integer in the fourth quarter worth $99,109,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in Integer by 1,141.6% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 819,046 shares of the medical equipment provider’s stock valued at $72,076,000 after purchasing an additional 753,081 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Integer during the second quarter valued at about $50,925,000. William Blair Investment Management LLC bought a new stake in Integer during the second quarter worth about $35,390,000. Finally, Cibc World Market Inc. bought a new stake in Integer during the second quarter worth about $30,381,000. 99.29% of the stock is owned by institutional investors.

Integer Stock Performance

Integer stock opened at $126.63 on Thursday. Integer has a 1-year low of $62.00 and a 1-year high of $126.79. The company has a current ratio of 3.73, a quick ratio of 2.41 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $4.31 billion, a PE ratio of 34.60, a price-to-earnings-growth ratio of 2.41 and a beta of 0.58. The firm’s 50 day simple moving average is $125.80 and its 200 day simple moving average is $103.02.

Integer (NYSE:ITGR) last announced its quarterly earnings results on Monday, August 3rd. The medical equipment provider reported $1.60 EPS for the quarter, beating the consensus estimate of $1.38 by $0.22. The firm had revenue of $464.11 million during the quarter, compared to the consensus estimate of $451.07 million. Integer had a net margin of 6.97% and a return on equity of 12.79%. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the firm earned $1.55 EPS. As a group, analysts expect that Integer will post 6.09 earnings per share for the current fiscal year.

About Integer

Integer Holdings Corporation (NYSE: ITGR) is a medical device contract development and manufacturing company. The company designs, develops and manufactures components and finished products for medical device manufacturers, helping customers bring products from concept and development through commercial production.

Integer’s products and technologies support a range of medical applications, including cardiac and vascular devices, neuromodulation systems, orthopedics, and other specialty medical products.