Teleflex Incorporated (TFX) Earns Buy Rating from Deutsche Bank AG
Teleflex Incorporated (NYSE:TFX)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank AG in a research note issued to investors on Wednesday. They currently have a $238.00 target price on the medical technology company’s stock, up from their previous target price of $220.00. Deutsche Bank AG’s target price points to a potential upside of 11.74% from the stock’s previous close.
TFX has been the subject of several other research reports. Zacks Investment Research upgraded shares of Teleflex from a “hold” rating to a “buy” rating and set a $223.00 price target for the company in a research report on Wednesday, May 24th. Jefferies Group LLC restated a “buy” rating and issued a $230.00 price target on shares of Teleflex in a research report on Thursday, August 3rd. BidaskClub downgraded shares of Teleflex from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Barclays PLC reiterated a “buy” rating on shares of Teleflex in a research report on Monday, June 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $224.00 target price on shares of Teleflex in a research report on Friday, May 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $228.00.
Shares of Teleflex (NYSE:TFX) traded down 1.06% on Wednesday, reaching $210.75. The company’s stock had a trading volume of 57,815 shares. The stock has a 50-day moving average of $207.61 and a 200 day moving average of $195.00. The stock has a market capitalization of $9.48 billion, a PE ratio of 43.74 and a beta of 1.05. Teleflex has a 1-year low of $136.53 and a 1-year high of $216.37.
Teleflex (NYSE:TFX) last issued its quarterly earnings results on Thursday, August 3rd. The medical technology company reported $2.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.91 by $0.13. The business had revenue of $528.60 million during the quarter, compared to the consensus estimate of $518.98 million. Teleflex had a net margin of 12.36% and a return on equity of 16.12%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.89 EPS. On average, equities analysts forecast that Teleflex will post $8.25 EPS for the current year.
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In related news, Director Gretchen R. Haggerty bought 1,000 shares of the business’s stock in a transaction on Wednesday, June 21st. The stock was bought at an average price of $203.82 per share, for a total transaction of $203,820.00. Following the transaction, the director now directly owns 1,760 shares in the company, valued at $358,723.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen K. M.D. Klasko sold 200 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $208.41, for a total transaction of $41,682.00. Following the completion of the sale, the director now owns 8,080 shares of the company’s stock, valued at approximately $1,683,952.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,300 shares of company stock valued at $1,643,975. Insiders own 2.39% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in TFX. Mn Services Vermogensbeheer B.V. increased its position in Teleflex by 3.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,175 shares of the medical technology company’s stock worth $213,000 after buying an additional 35 shares in the last quarter. Retirement Systems of Alabama increased its position in Teleflex by 1.3% in the first quarter. Retirement Systems of Alabama now owns 83,773 shares of the medical technology company’s stock worth $16,229,000 after buying an additional 1,085 shares in the last quarter. Huntington National Bank increased its position in Teleflex by 573.3% in the first quarter. Huntington National Bank now owns 2,316 shares of the medical technology company’s stock worth $449,000 after buying an additional 1,972 shares in the last quarter. Barometer Capital Management Inc. acquired a new position in Teleflex during the first quarter worth $7,638,000. Finally, Conestoga Capital Advisors LLC increased its position in Teleflex by 190.4% in the first quarter. Conestoga Capital Advisors LLC now owns 7,550 shares of the medical technology company’s stock worth $1,463,000 after buying an additional 4,950 shares in the last quarter. Institutional investors own 93.02% of the company’s stock.
Teleflex Company Profile
Teleflex Incorporated is a provider of medical technology products. The Company designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for diagnostic and therapeutic procedures in critical care and surgical applications. The Company operates through six segments: Vascular North America; Anesthesia North America; Surgical North America; Europe, the Middle East and Africa (EMEA); Asia, and Original Equipment Manufacturer (OEM).
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