Teleflex Receives Consensus Rating of “Buy” from Analysts (NYSE:TFX)
Shares of Teleflex (NYSE:TFX) have been given a consensus rating of “Buy” by the nine brokerages that are covering the stock, AR Network reports. Four equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $113.43.
Shares of Teleflex (NYSE:TFX) traded down 1.11% during mid-day trading on Friday, hitting $106.54. 22,334 shares of the company’s stock traded hands. Teleflex has a 52 week low of $74.42 and a 52 week 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 $4.409 billion and a price-to-earnings ratio of 29.78.
Teleflex (NYSE:TFX) last released its earnings data 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 $5.57 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders 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.
Several analysts have recently commented on the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of Teleflex in a research note on Thursday. They now have a $122.00 price target on the stock, up previously from $115.00. Separately, 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. Finally, 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.
Teleflex Incorporated (NYSE:TFX) is a global provider of medical technology products.
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