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Integer (NYSE:ITGR) Lowered to C+ at TheStreet

Saturday, August 1, 2020 | MarketBeat

Integer (NYSE:ITGR) was downgraded by stock analysts at TheStreet from a "b" rating to a "c+" rating in a research report issued on Thursday, TheStreetRatingsTable reports.

ITGR has been the subject of several other reports. Benchmark began coverage on Integer in a report on Thursday, May 14th. They set a "buy" rating and a $105.00 price objective for the company. Sidoti raised their price target on Integer from $100.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, May 8th. ValuEngine raised Integer from a "sell" rating to a "hold" rating in a research report on Friday, May 8th. Finally, KeyCorp dropped their price target on Integer from $90.00 to $87.00 and set an "overweight" rating for the company in a research report on Friday, May 8th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of "Buy" and a consensus price target of $100.00.

ITGR opened at $65.77 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.77 and a quick ratio of 1.56. The business has a 50 day simple moving average of $71.16 and a 200-day simple moving average of $76.18. The stock has a market capitalization of $2.24 billion, a P/E ratio of 29.90 and a beta of 1.20. Integer has a 12 month low of $46.01 and a 12 month high of $99.95.

Integer (NYSE:ITGR) last posted its quarterly earnings results on Thursday, July 30th. The medical equipment provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.08). The business had revenue of $240.12 million during the quarter, compared to analyst estimates of $235.70 million. Integer had a net margin of 6.10% and a return on equity of 11.48%. Research analysts anticipate that Integer will post 3.36 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Integer during the fourth quarter worth $32,239,000. Russell Investments Group Ltd. grew its position in shares of Integer by 2.9% in the first quarter. Russell Investments Group Ltd. now owns 86,204 shares of the medical equipment provider's stock valued at $5,417,000 after purchasing an additional 2,406 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of Integer by 4.2% in the first quarter. Parametric Portfolio Associates LLC now owns 126,446 shares of the medical equipment provider's stock valued at $7,948,000 after purchasing an additional 5,072 shares during the period. Geode Capital Management LLC grew its position in shares of Integer by 3.3% in the first quarter. Geode Capital Management LLC now owns 510,076 shares of the medical equipment provider's stock valued at $32,062,000 after purchasing an additional 16,246 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Integer by 244.6% in the second quarter. Envestnet Asset Management Inc. now owns 49,946 shares of the medical equipment provider's stock valued at $3,649,000 after purchasing an additional 35,454 shares during the period. 98.11% of the stock is owned by institutional investors.

About Integer

Integer Holdings Corporation operates as a medical device outsource manufacturer worldwide. It operates in two segments, Medical and Non-Medical. The company offers products for vascular, cardiac surgery, and structural heart diseases; peripheral vascular, neurovascular, urology, and oncology products; and electrophysiology, infusion therapy, and hemodialysis products.

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