Teleflex Given Average Rating of “Buy” by Analysts (NYSE:TFX)
Teleflex (NYSE:TFX) has received a consensus rating of “Buy” from the nine brokerages that are covering the stock, Stock Ratings News reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $113.43.
Shares of Teleflex (NYSE:TFX) opened at 106.89 on Friday. Teleflex has a 1-year low of $74.42 and a 1-year high of $111.24. The stock has a 50-day moving average of $106.1 and a 200-day moving average of $103.1. The company has a market cap of $4.425 billion and a P/E ratio of 29.34.
Teleflex (NYSE:TFX) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.27 earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, analysts predict that Teleflex will post $5.59 earnings per share 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 1.27%. The ex-dividend date is Wednesday, August 13th.
TFX has been the subject of a number of recent research reports. Analysts at Raymond James reiterated an “outperform” rating on shares of Teleflex in a research note on Thursday, July 31st. 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, July 31st. 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, July 31st. They now have a “hold” rating on the stock.
Teleflex Incorporated (NYSE:TFX) is a global provider of medical technology products.
Receive News & Ratings for Teleflex Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teleflex Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.