Integer Holdings Co. (NASDAQ:ITGR) has received a consensus recommendation of “Hold” from the six research firms that are presently covering the stock. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $55.67.
A number of brokerages have recently commented on ITGR. Zacks Investment Research cut Integer Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 2nd. TheStreet cut Integer Holdings from a “hold” rating to a “sell” rating in a research report on Friday, July 1st.
Shares of Integer Holdings (NASDAQ:ITGR) opened at 19.54 on Friday. Integer Holdings has a 52-week low of $19.10 and a 52-week high of $61.06. The stock’s market capitalization is $601.85 million. The firm has a 50-day moving average price of $22.02 and a 200-day moving average price of $28.48.
Integer Holdings (NASDAQ:ITGR) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by $0.14. The firm earned $348.38 million during the quarter, compared to analysts’ expectations of $356.72 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. The firm’s quarterly revenue was up 99.2% on a year-over-year basis. On average, analysts predict that Integer Holdings will post $2.60 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Smith Graham & Co. Investment Advisors LP acquired a new position in Integer Holdings during the third quarter valued at about $5,950,000. Nisa Investment Advisors LLC boosted its position in Integer Holdings by 12.2% in the third quarter. Nisa Investment Advisors LLC now owns 37,600 shares of the company’s stock valued at $816,000 after buying an additional 4,100 shares during the last quarter. Fisher Asset Management LLC boosted its position in Integer Holdings by 4.1% in the third quarter. Fisher Asset Management LLC now owns 1,384,517 shares of the company’s stock valued at $30,030,000 after buying an additional 54,697 shares during the last quarter. First Mercantile Trust Co. purchased a new position in Integer Holdings during the third quarter valued at $264,000. Finally, BNP Paribas Arbitrage SA purchased a new position in Integer Holdings during the third quarter valued at $110,000.
About Integer Holdings
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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