Greatbatch Inc. Sets New 1-Year High at $40.91 (GB)
Greatbatch (NYSE:GB) set a new 52-week high during trading hours on Friday, AnalystRatingsNetwork reports. The company traded as high as $40.91 and last traded at $39.87, with a volume of 197,787 shares. The stock had previously closed at $37.15.
Separately, analysts at RBC Capital raised their price target on shares of Greatbatch from $28.00 to $39.00 in a research note to investors on Friday, August 2nd. They now have a “sector perform” rating on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $37.67.
Greatbatch has a one year low of $21.08 and a one year high of $38.36. The stock’s 50-day moving average is $35.88 and its 200-day moving average is $32.39. The company has a market cap of $953.1 million and a P/E ratio of 382.99.
Greatbatch (NYSE:GB) last released its earnings data on Thursday, October 24th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.54 by $0.03. The company had revenue of $167.73 million for the quarter, compared to the consensus estimate of $167.30 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis.
Greatbatch, Inc (NYSE:GB) is developer and manufacturer of components for implantable medical devices (IMDs) and Electrochem batteries.
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