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

Key Points

• Integer Holdings Corporation has received a consensus rating of "Moderate Buy", with nine analysts covering the stock, including two hold ratings and six buy recommendations.
• The average 12-month target price among analysts for Integer's stock is $135.57, reflecting recent adjustments from various research firms.
• The company's quarterly earnings reported a net margin of 4.61% with a revenue increase of 11.4% year-over-year, although earnings per share slightly missed consensus estimates.

Integer Holdings Corporation (NYSE:ITGR - Get Free Report) has earned a consensus rating of "Moderate Buy" from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $135.5714.

Several equities research analysts have recently weighed in on ITGR shares. Truist Financial reduced their target price on shares of Integer from $137.00 to $121.00 and set a "buy" rating on the stock in a research note on Wednesday, October 15th. Raymond James Financial reduced their target price 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. Wall Street Zen raised shares of Integer from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. KeyCorp reduced their target price on shares of Integer from $145.00 to $133.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Integer in a research note on Wednesday, October 8th.

Integer Price Performance

ITGR stock opened at $109.25 on Thursday. Integer has a one year low of $99.54 and a one year high of $146.36. The company's fifty day moving average price is $104.96 and its 200-day moving average price is $112.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.18 and a current ratio of 3.41. The company has a market capitalization of $3.83 billion, a PE ratio of 48.13, a price-to-earnings-growth ratio of 0.85 and a beta of 0.97.

Integer (NYSE:ITGR - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The medical equipment provider reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.57 by ($0.02). Integer had a net margin of 4.61% and a return on equity of 12.27%. The business had revenue of $476.00 million for the quarter, compared to analysts' expectations of $464.37 million. During the same period in the previous year, the company earned $1.30 EPS. Integer's revenue for the quarter was up 11.4% compared to the same quarter last year. On average, equities analysts anticipate that Integer will post 6.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TD Private Client Wealth LLC increased its holdings in shares of Integer by 5.8% during the 1st quarter. TD Private Client Wealth LLC now owns 1,524 shares of the medical equipment provider's stock valued at $180,000 after purchasing an additional 83 shares in the last quarter. CWM LLC increased its stake in shares of Integer by 46.1% during the second quarter. CWM LLC now owns 355 shares of the medical equipment provider's stock worth $44,000 after buying an additional 112 shares during the period. Xponance Inc. increased its stake in shares of Integer by 5.1% during the first quarter. Xponance Inc. now owns 2,518 shares of the medical equipment provider's stock worth $297,000 after buying an additional 122 shares during the period. Bessemer Group Inc. increased its stake in shares of Integer by 73.1% during the first quarter. Bessemer Group Inc. now owns 296 shares of the medical equipment provider's stock worth $35,000 after buying an additional 125 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Integer by 20.2% in the second quarter. GAMMA Investing LLC now owns 796 shares of the medical equipment provider's stock valued at $98,000 after purchasing an additional 134 shares in the last quarter. 99.29% of the stock is currently owned by 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.

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