Integer Holdings Corporation (NYSE:ITGR) Given Average Rating of "Buy" by Brokerages

Key Points

• Integer Holdings Corporation (NYSE:ITGR) has received an average consensus recommendation of "Buy" from nine brokerages, with an average twelve-month price target of $140.25.
• Despite missing earnings expectations with $1.55 EPS, Integer reported a revenue of $476 million for the quarter, exceeding analyst estimates.
• Institutional investors have been actively increasing their stakes in Integer, with 99.29% of the stock now owned by institutional investors and hedge funds.

Integer Holdings Corporation (NYSE:ITGR - Get Free Report) has earned a consensus recommendation of "Buy" from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $140.25.

ITGR has been the subject of a number of research reports. Truist Financial lowered their price objective on Integer from $145.00 to $137.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Wells Fargo & Company lowered their price target on shares of Integer from $152.00 to $132.00 and set an "overweight" rating for the company in a research report on Friday, July 25th. Wall Street Zen upgraded shares of Integer from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Finally, Raymond James Financial reduced their price objective on shares of Integer from $150.00 to $143.00 and set an "outperform" rating on the stock in a research note on Friday, July 25th.

Integer Stock Performance

Shares of Integer stock opened at $101.59 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.41 and a quick ratio of 2.18. The firm has a 50 day simple moving average of $106.49 and a 200 day simple moving average of $114.59. Integer has a fifty-two week low of $99.73 and a fifty-two week high of $146.36. The firm has a market cap of $3.56 billion, a P/E ratio of 44.75, a P/E/G ratio of 0.80 and a beta of 1.03.

Integer (NYSE:ITGR - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The medical equipment provider reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.02). The firm had revenue of $476.00 million for the quarter, compared to analyst estimates of $464.37 million. Integer had a return on equity of 12.27% and a net margin of 4.61%.The firm's quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.30 EPS. Integer has set its FY 2025 guidance at 6.250-6.510 EPS. Sell-side analysts predict that Integer will post 6.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Integer

Institutional investors have recently made changes to their positions in the stock. State Street Corp lifted its stake in Integer by 1.0% in the second quarter. State Street Corp now owns 1,326,050 shares of the medical equipment provider's stock valued at $163,064,000 after buying an additional 13,540 shares during the period. Viking Global Investors LP increased its stake in shares of Integer by 9.1% in the 2nd quarter. Viking Global Investors LP now owns 1,283,965 shares of the medical equipment provider's stock valued at $157,889,000 after acquiring an additional 106,692 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Integer by 885.1% in the 2nd quarter. Alliancebernstein L.P. now owns 1,106,091 shares of the medical equipment provider's stock valued at $136,016,000 after acquiring an additional 993,810 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Integer by 11.5% in the 2nd quarter. Franklin Resources Inc. now owns 907,232 shares of the medical equipment provider's stock valued at $111,562,000 after acquiring an additional 93,294 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Integer by 3.9% during the 2nd quarter. Geode Capital Management LLC now owns 819,089 shares of the medical equipment provider's stock worth $100,736,000 after acquiring an additional 31,026 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Integer Company Profile

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.

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