Teleflex Incorporated (NYSE:TFX) Stock Now Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Teleflex has a “Moderate Buy” consensus rating from 12 analysts, with an average 12-month price target of $155.20 versus the reported opening price of $125.40.
• The company exceeded quarterly expectations, reporting adjusted EPS of $1.76 versus the $1.28 consensus estimate and revenue of $570.33 million, up 28.9% year over year.
• Teleflex paid a quarterly dividend of $0.34 per share, representing a $1.36 annualized payout and a 1.1% yield; institutional investors own approximately 95.62% of the stock.

Teleflex Incorporated (NYSE:TFX - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twelve analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, five have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $155.20.

Several analysts have commented on the stock. BMO Capital Markets initiated coverage on shares of Teleflex in a research report on Wednesday, July 8th. They issued an "outperform" rating and a $159.00 target price for the company. Needham & Company LLC raised their price target on shares of Teleflex from $159.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, August 25th. Truist Financial lifted their price objective on shares of Teleflex from $143.00 to $150.00 and gave the company a "hold" rating in a research note on Monday, August 10th. Bank of America upgraded shares of Teleflex from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $145.00 to $158.00 in a report on Monday, September 28th. Finally, Mizuho increased their target price on shares of Teleflex from $140.00 to $145.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 15th.

Teleflex Stock Up 1.0%

TFX opened at $125.40 on Tuesday. The company has a market capitalization of $5.31 billion, a PE ratio of -5.38, a price-to-earnings-growth ratio of 0.83 and a beta of 0.83. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.60 and a quick ratio of 2.12. Teleflex has a fifty-two week low of $100.18 and a fifty-two week high of $145.00. The business has a 50-day moving average of $133.12 and a 200-day moving average of $129.33.

Teleflex (NYSE:TFX - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The medical technology company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.28 by $0.48. Teleflex had a positive return on equity of 11.93% and a negative net margin of 39.67%.The business had revenue of $570.33 million during the quarter, compared to analysts' expectations of $559.59 million. During the same quarter in the previous year, the business posted $3.73 EPS. The firm's quarterly revenue was up 28.9% compared to the same quarter last year. Teleflex has set its FY 2026 guidance at 6.900-7.200 EPS. Equities research analysts forecast that Teleflex will post 7.22 EPS for the current fiscal year.

Teleflex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, August 14th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 14th. Teleflex's dividend payout ratio is -5.84%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TFX. BlackRock Inc. acquired a new position in Teleflex during the second quarter valued at approximately $688,537,000. Jupiter Topco LLC bought a new stake in shares of Teleflex during the 2nd quarter worth $550,456,000. Janus Henderson Group PLC boosted its holdings in shares of Teleflex by 1.1% during the 1st quarter. Janus Henderson Group PLC now owns 4,291,311 shares of the medical technology company's stock worth $513,281,000 after buying an additional 45,199 shares during the period. Irenic Capital Management LP acquired a new position in Teleflex in the 1st quarter valued at $104,061,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Teleflex by 13.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 749,992 shares of the medical technology company's stock valued at $91,529,000 after buying an additional 89,192 shares during the last quarter. 95.62% of the stock is owned by institutional investors.

About Teleflex

Teleflex Incorporated is a global medical technology company that develops, manufactures and supplies specialty medical devices for hospitals, physicians and other healthcare providers. Its products are designed to support minimally invasive procedures, critical care and a range of clinical applications.

The company's portfolio includes devices for vascular access and intervention, anesthesia, respiratory care, emergency medicine, surgery, urology and pain management. Teleflex markets products under brands including Arrow, which is known for vascular access and catheter-based technologies, as well as other specialized product lines used in hospitals and outpatient settings.

Teleflex serves healthcare markets in North America, Europe, Asia and other international regions.

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