Integer Holdings Corporation (NYSE:ITGR) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Integer Holdings, with 13 holds and one buy among 14 covering firms. The average 12-month price target is approximately $109.86.
• Integer exceeded quarterly expectations, reporting EPS of $1.60 versus the $1.38 consensus and revenue of $464.11 million against estimates of $451.07 million, though revenue declined 2.6% year over year.
• Shares opened at $125.11, near the company’s 52-week high of $126.14, while institutional investors own a substantial 99.29% of outstanding shares.

Shares of Integer Holdings Corporation (NYSE:ITGR - Get Free Report) have received an average recommendation of "Hold" from the fourteen ratings firms that are currently covering the company, Marketbeat 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 twelve-month target price among brokerages that have issued ratings on the stock in the last year is $109.8571.

Several analysts recently commented on ITGR shares. HC Wainwright reaffirmed a "buy" rating on shares of Integer in a report on Friday, July 24th. Benchmark downgraded Integer from a "buy" rating to a "hold" rating in a report on Thursday, August 13th. Weiss Ratings restated a "hold (c)" rating on shares of Integer in a research report on Thursday, June 18th. Zacks Research raised shares of Integer from a "strong sell" rating to a "hold" rating in a research note on Monday, July 20th. Finally, KeyCorp lowered shares of Integer from an "overweight" rating to a "sector weight" rating in a report on Monday, August 3rd.

Integer Trading Up 0.0%

NYSE ITGR opened at $125.11 on Wednesday. The company has a market capitalization of $4.25 billion, a PE ratio of 34.18, a P/E/G ratio of 2.98 and a beta of 0.61. The company has a fifty day moving average of $102.09 and a 200 day moving average of $92.33. Integer has a 1 year low of $62.00 and a 1 year high of $126.14. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.73 and a quick ratio of 2.41.

Integer (NYSE:ITGR - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The medical equipment provider reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.22. The company had revenue of $464.11 million for the quarter, compared to the consensus estimate of $451.07 million. Integer had a return on equity of 12.79% and a net margin of 6.97%.The firm's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period last year, the firm earned $1.55 EPS. Research analysts forecast that Integer will post 6.08 earnings per share for the current year.

Institutional Trading of Integer

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ITGR. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Integer in the second quarter worth about $29,000. EverSource Wealth Advisors LLC grew its position in shares of Integer by 48.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 360 shares of the medical equipment provider's stock valued at $32,000 after acquiring an additional 117 shares during the period. Salomon & Ludwin LLC grew its position in shares of Integer by 46.8% during the 4th quarter. Salomon & Ludwin LLC now owns 370 shares of the medical equipment provider's stock valued at $29,000 after acquiring an additional 118 shares during the period. Harbor Investment Advisory LLC purchased a new position in shares of Integer in the 2nd quarter valued at about $42,000. Finally, TD Private Client Wealth LLC increased its stake in shares of Integer by 1,037.5% in the 4th quarter. TD Private Client Wealth LLC now owns 455 shares of the medical equipment provider's stock valued at $36,000 after purchasing an additional 415 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.

About Integer

Integer Holdings Corporation NYSE: ITGR is a global provider of outsourced medical device design, development and manufacturing solutions. The company partners with leading medical technology firms to deliver complex components, subsystems and finished devices across a range of therapeutic areas. Its services encompass concept and product design, precision machining, microelectronic assembly, terminal sterilization and regulatory support, enabling customers to accelerate time to market and optimize product performance.

Integer's product portfolio is organized into two core segments: Advanced Delivery and MedTech.

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