Teleflex Receives “Outperform” Rating from Raymond James (TFX)
Teleflex (NYSE:TFX)‘s stock had its “outperform” rating reaffirmed by equities researchers at Raymond James in a research report issued on Thursday. They currently have a $122.00 price objective on the stock, up from their previous price objective of $115.00. Raymond James’ target price points to a potential upside of 13.24% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Teleflex in a research note on Thursday. They now have a $118.00 price target on the stock, up previously from $115.00. Analysts at Jefferies Group raised their price target on shares of Teleflex from $105.00 to $110.00 in a research note on Thursday. They now have a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $113.43.
Shares of Teleflex (NYSE:TFX) traded down 1.07% during mid-day trading on Thursday, hitting $107.74. The stock had a trading volume of 217,055 shares. Teleflex has a one year low of $74.42 and a one year high of $111.24. The stock’s 50-day moving average is $106.0 and its 200-day moving average is $102.8. The company has a market cap of $4.457 billion and a price-to-earnings ratio of 30.44.
Teleflex (NYSE:TFX) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.51 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.34 by $0.17. The company had revenue of $468.21 million for the quarter, compared to the consensus estimate of $447.81 million. During the same quarter in the prior year, the company posted $1.27 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. Analysts expect that Teleflex will post $5.53 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Wednesday, August 13th.
Teleflex Incorporated (NYSE:TFX) is a global provider of medical technology products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.