Teleflex Receives Average Rating of “Buy” from Analysts (NYSE:TFX)
Teleflex (NYSE:TFX) has earned a consensus rating of “Buy” from the nine analysts that are covering the company, StockRatingsNetwork.com reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $111.29.
Shares of Teleflex (NYSE:TFX) traded down 0.13% during mid-day trading on Wednesday, hitting $105.96. 50,212 shares of the company’s stock traded hands. Teleflex has a 52 week low of $73.83 and a 52 week high of $109.73. The stock’s 50-day moving average is $103.7 and its 200-day moving average is $99.. The company has a market cap of $4.383 billion and a P/E ratio of 29.65.
Teleflex (NYSE:TFX) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. The company had revenue of $438.50 million for the quarter, compared to the consensus estimate of $433.20 million. During the same quarter in the previous year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts predict that Teleflex will post $5.51 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 16th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Tuesday, May 13th.
Several analysts have recently commented on the stock. Analysts at Leerink Swann raised their price target on shares of Teleflex from $108.00 to $110.00 in a research note on Thursday, May 1st. They now have a “market perform” rating on the stock. Separately, analysts at Brean Capital raised their price target on shares of Teleflex from $116.00 to $120.00 in a research note on Wednesday, April 30th. They now have a “buy” rating on the stock. Finally, analysts at KeyCorp initiated coverage on shares of Teleflex in a research note on Wednesday, April 9th. They set a “hold” rating on the stock.
Teleflex Incorporated (NYSE:TFX) is a global provider of medical technology products.
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