Integer (NYSE:ITGR) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Integer (NYSE:ITGR – Get Rating) in a report released on Thursday. The brokerage issued a hold rating on the medical equipment provider’s stock.

Several other research firms have also commented on ITGR. KeyCorp lifted their price target on shares of Integer from $84.00 to $86.00 and gave the company an overweight rating in a report on Thursday, February 9th. Piper Sandler assumed coverage on shares of Integer in a report on Friday, February 24th. They issued an overweight rating and a $85.00 price target for the company.

Integer Price Performance

Shares of ITGR stock opened at $72.97 on Thursday. The firm has a market cap of $2.43 billion, a P/E ratio of 36.85 and a beta of 1.11. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.50 and a quick ratio of 1.56. Integer has a 1-year low of $50.05 and a 1-year high of $88.58. The firm has a fifty day moving average of $73.20 and a two-hundred day moving average of $67.81.

Integer (NYSE:ITGR – Get Rating) last announced its quarterly earnings data on Thursday, February 16th. The medical equipment provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.06. The company had revenue of $372.42 million during the quarter, compared to analyst estimates of $371.00 million. Integer had a net margin of 4.82% and a return on equity of 9.42%. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period last year, the business earned $0.99 EPS. As a group, research analysts anticipate that Integer will post 4.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. boosted its holdings in shares of Integer by 27.8% in the 4th quarter. Victory Capital Management Inc. now owns 1,154,833 shares of the medical equipment provider’s stock valued at $79,060,000 after buying an additional 251,207 shares during the period. Truist Financial Corp lifted its position in Integer by 2.1% in the 4th quarter. Truist Financial Corp now owns 34,821 shares of the medical equipment provider’s stock valued at $2,384,000 after purchasing an additional 715 shares during the last quarter. Point72 Middle East FZE bought a new stake in Integer in the 4th quarter valued at about $96,000. State of Wyoming lifted its position in Integer by 129.5% in the 4th quarter. State of Wyoming now owns 840 shares of the medical equipment provider’s stock valued at $58,000 after purchasing an additional 474 shares during the last quarter. Finally, Chartwell Investment Partners LLC lifted its position in Integer by 13.1% in the 4th quarter. Chartwell Investment Partners LLC now owns 243,852 shares of the medical equipment provider’s stock valued at $16,694,000 after purchasing an additional 28,169 shares during the last quarter. 98.42% of the stock is owned by institutional investors and hedge funds.

Integer Company Profile

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Integer Holdings Corp. engages in the manufacture and development of medical devices and components. It operates through the Medical and Non-Medical segments. The Medical segment includes the cardio and vascular, cardiac and neuromodulation, surgical, orthopedics, and portable medical product lines. The Non-Medical segment comprises customized battery power and management systems, charging and docking stations, and power supplies.