Greatbatch Inc. Hits New 52-Week High at $45.10 (GB)
Greatbatch (NYSE:GB)’s share price reached a new 52-week high during trading hours on Friday, Analyst Ratings Net reports. The company traded as high as $45.10 and last traded at $45.05, with a volume of 116,007 shares traded. The stock had previously closed at $44.78.
A number of analysts have recently weighed in on GB shares. Analysts at Craig Hallum upgraded shares of Greatbatch from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, December 17th. Analysts at Zacks reiterated an “outperform” rating on shares of Greatbatch in a research note to investors on Thursday, November 28th. They now have a $49.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $44.00.
In other Greatbatch news, EVP Mauricio Arellano unloaded 24,198 shares of Greatbatch stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $43.61, for a total value of $1,055,274.78. Following the transaction, the executive vice president now directly owns 3,782 shares of the company’s stock, valued at approximately $164,933. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Greatbatch has a one year low of $25.02 and a one year high of $45.10. The stock’s 50-day moving average is $41.67 and its 200-day moving average is $37.30. The company has a market cap of $1.087 billion and a price-to-earnings ratio of 51.83.
Greatbatch (NYSE:GB) last released its earnings data on Thursday, October 24th. The company reported $0.57 EPS for the quarter, beating the 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. On average, analysts predict that Greatbatch will post $2.12 earnings per share for the current fiscal year.
Greatbatch, Inc (NYSE:GB) is developer and manufacturer of components for implantable medical devices (IMDs) and Electrochem batteries.
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