Brokerages Set Integer Holdings Co. (ITGR) PT at $62.00

Integer Holdings Co. (NYSE:ITGR) has been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $62.00.

Several research firms have weighed in on ITGR. TheStreet upgraded Integer from a “c+” rating to a “b-” rating in a research note on Wednesday, October 18th. Zacks Investment Research upgraded Integer from a “sell” rating to a “hold” rating in a research note on Monday, August 21st. BidaskClub cut Integer from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 28th. KeyCorp restated an “overweight” rating and set a $62.00 target price (up from $51.00) on shares of Integer in a research note on Monday, September 18th. Finally, Royal Bank of Canada restated a “hold” rating and set a $40.00 target price on shares of Integer in a research note on Friday, September 22nd.

In related news, Director William B. Summers, Jr. sold 13,996 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $49.07, for a total value of $686,783.72. Following the completion of the sale, the director now directly owns 46,179 shares in the company, valued at $2,266,003.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer M. Bolt sold 7,626 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $48.22, for a total value of $367,725.72. Following the completion of the sale, the insider now owns 12,735 shares of the company’s stock, valued at $614,081.70. The disclosure for this sale can be found here. Insiders sold a total of 53,835 shares of company stock valued at $2,557,378 over the last quarter. 4.80% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of ITGR. Meeder Asset Management Inc. grew its holdings in Integer by 411.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 2,034 shares of the medical equipment provider’s stock worth $104,000 after acquiring an additional 1,636 shares during the period. Zions Bancorporation acquired a new stake in Integer during the 3rd quarter worth about $174,000. Amalgamated Bank acquired a new stake in Integer during the 3rd quarter worth about $212,000. Bessemer Group Inc. acquired a new stake in Integer during the 3rd quarter worth about $220,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in Integer during the 2nd quarter worth about $260,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Integer (ITGR) traded up $0.25 during midday trading on Friday, reaching $45.85. The company’s stock had a trading volume of 188,700 shares, compared to its average volume of 187,737. The company has a quick ratio of 1.37, a current ratio of 2.58 and a debt-to-equity ratio of 1.95. Integer has a 12-month low of $29.00 and a 12-month high of $55.20. The company has a market capitalization of $1,444.14, a PE ratio of 16.76, a PEG ratio of 1.16 and a beta of 1.07.

Integer (NYSE:ITGR) last released its earnings results on Thursday, October 26th. The medical equipment provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.04. Integer had a return on equity of 11.22% and a net margin of 1.42%. The firm had revenue of $363.31 million during the quarter, compared to analysts’ expectations of $354.83 million. During the same period in the prior year, the company earned $0.83 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. equities research analysts expect that Integer will post 2.62 earnings per share for the current year.

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Integer Company Profile

Greatbatch, Inc is a developer and manufacturer of medical devices and components. The Company operates through two segments: Greatbatch Medical and QiG Group (QiG). Greatbatch Medical designs and manufactures products where the Company either owns the intellectual property or has unique manufacturing and assembly expertise.

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