News stories about Teleflex (NYSE:TFX) have trended somewhat positive recently, according to Accern. The research firm scores the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Teleflex earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the medical technology company an impact score of 47.1614514730351 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several brokerages recently issued reports on TFX. ValuEngine lowered shares of Teleflex from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Jefferies Group boosted their target price on shares of Teleflex from $270.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Morgan Stanley boosted their target price on shares of Teleflex from $274.00 to $290.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Piper Jaffray Companies began coverage on shares of Teleflex in a research report on Friday, November 10th. They set an “overweight” rating and a $295.00 target price for the company. Finally, Deutsche Bank lowered shares of Teleflex from a “buy” rating to a “hold” rating and set a $251.00 target price for the company. in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $274.44.
Teleflex (NYSE TFX) traded down $0.48 during trading on Friday, reaching $249.44. 150,434 shares of the company were exchanged, compared to its average volume of 316,151. The stock has a market capitalization of $11,258.71, a P/E ratio of 45.52, a price-to-earnings-growth ratio of 2.14 and a beta of 1.09. The company has a current ratio of 4.72, a quick ratio of 3.70 and a debt-to-equity ratio of 0.88. Teleflex has a 52 week low of $157.80 and a 52 week high of $271.23.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Tuesday, November 14th. Teleflex’s payout ratio is presently 24.82%.
In other Teleflex news, CEO Benson Smith sold 2,000 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $258.10, for a total transaction of $516,200.00. Following the transaction, the chief executive officer now directly owns 76,634 shares in the company, valued at approximately $19,779,235.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen K. M.D. Klasko sold 200 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $265.32, for a total transaction of $53,064.00. Following the transaction, the director now owns 8,080 shares in the company, valued at $2,143,785.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,600 shares of company stock worth $665,076. Company insiders own 2.39% of the company’s stock.
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Teleflex Incorporated is a provider of medical technology products. The Company designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for diagnostic and therapeutic procedures in critical care and surgical applications. The Company operates through six segments: Vascular North America; Anesthesia North America; Surgical North America; Europe, the Middle East and Africa (EMEA); Asia, and Original Equipment Manufacturer (OEM).
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