Greatbatch Hits New 52-Week High at $50.25 (GB)
Greatbatch (NYSE:GB) hit a new 52-week high during trading on Tuesday , AnalystRatingsNetwork.com reports. The stock traded as high as $50.25 and last traded at $50.19, with a volume of 41,616 shares changing hands. The stock had previously closed at $49.06.
A number of analysts have recently weighed in on GB shares. Analysts at Zacks reiterated a “neutral” rating on shares of Greatbatch in a research note on Tuesday. They now have a $52.00 price target on the stock. Separately, analysts at KeyCorp reiterated a “buy” rating on shares of Greatbatch in a research note on Friday, June 13th. They now have a $58.00 price target on the stock, up previously from $55.00. Finally, analysts at Sterne Agee initiated coverage on shares of Greatbatch in a research note on Tuesday, June 3rd. They set a “buy” rating and a $53.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Greatbatch currently has an average rating of “Buy” and a consensus price target of $50.50.
The stock has a 50-day moving average of $47.75 and a 200-day moving average of $45.2. The company has a market cap of $1.239 billion and a P/E ratio of 27.66.
Greatbatch (NYSE:GB) last released its earnings data on Wednesday, April 30th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.04. The company had revenue of $174.00 million for the quarter, compared to the consensus estimate of $158.48 million. Analysts expect that Greatbatch will post $2.33 EPS 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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