Teleflex Now Covered by Analysts at JMP Securities (TFX)
JMP Securities initiated coverage on shares of Teleflex (NYSE:TFX) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $94.00 price target on the stock. JMP Securities’ price objective points to a potential upside of 16.38% from the company’s current price.
A number of other firms have also recently commented on TFX. Analysts at Raymond James upgraded shares of Teleflex (NYSE:TFX) from a “market perform” rating to an “outperform” rating in a research note to investors on Monday. They now have a $92.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Teleflex (NYSE:TFX) from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, September 10th. Finally, analysts at TheStreet downgraded shares of Teleflex (NYSE:TFX) from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 23rd.
Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $87.86.
Teleflex (NYSE:TFX) opened at 80.77 on Wednesday. Teleflex has a 52-week low of $65.07 and a 52-week high of $87.46. The stock has a 50-day moving average of $77.76 and a 200-day moving average of $79.52. The company has a market cap of $3.322 billion and a P/E ratio of 28.10.
Teleflex (NYSE:TFX) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.16 by $0.11. The company had revenue of $420.10 million for the quarter, compared to the consensus estimate of $432.18 million. During the same quarter in the prior year, the company posted $1.23 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts expect that Teleflex will post $4.85 EPS for the current fiscal year.
In other Teleflex news, Director William Roland Cook sold 2,696 shares of the company’s stock on the open market in a transaction dated Thursday, September 5th. The stock was sold at an average price of $77.32, for a total value of $208,454.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Teleflex Incorporated (NYSE:TFX) is a global provider of medical technology products.
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