Teleflex Incorporated (NYSE:TFX) was upgraded by equities researchers at Leerink Swann from a “market perform” rating to an “outperform” rating in a research note issued on Thursday, The Fly reports.

A number of other brokerages have also weighed in on TFX. Zacks Investment Research upgraded shares of Teleflex from a “hold” rating to a “buy” rating and set a $228.00 price target on the stock in a report on Friday, June 23rd. BidaskClub lowered shares of Teleflex from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Needham & Company LLC reiterated a “buy” rating on shares of Teleflex in a report on Friday, August 4th. Jefferies Group LLC reiterated a “buy” rating and issued a $253.00 price target (up previously from $230.00) on shares of Teleflex in a report on Wednesday, August 9th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $238.00 price target (up previously from $220.00) on shares of Teleflex in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. Teleflex presently has an average rating of “Buy” and a consensus target price of $237.00.

Shares of Teleflex (TFX) traded up 0.77% during mid-day trading on Thursday, reaching $227.14. The company’s stock had a trading volume of 363,964 shares. The company has a market capitalization of $10.23 billion, a price-to-earnings ratio of 43.44 and a beta of 1.05. Teleflex has a 1-year low of $136.53 and a 1-year high of $228.83. The firm’s 50 day moving average price is $210.65 and its 200-day moving average price is $202.16.

Teleflex (NYSE:TFX) last announced its quarterly earnings results on Thursday, August 3rd. The medical technology company reported $2.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.91 by $0.13. The company had revenue of $528.60 million for the quarter, compared to analyst estimates of $518.98 million. Teleflex had a net margin of 12.36% and a return on equity of 16.12%. Teleflex’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the business earned $1.89 EPS. On average, analysts predict that Teleflex will post $8.28 EPS for the current year.

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In other Teleflex news, Director Gretchen R. Haggerty bought 1,000 shares of the business’s stock in a transaction dated Wednesday, June 21st. The shares were acquired at an average price of $203.82 per share, with a total value of $203,820.00. Following the purchase, the director now owns 1,760 shares in the company, valued at approximately $358,723.20. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Stephen K. M.D. Klasko sold 200 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $211.75, for a total transaction of $42,350.00. Following the completion of the transaction, the director now directly owns 8,080 shares in the company, valued at approximately $1,710,940. The disclosure for this sale can be found here. In the last three months, insiders sold 600 shares of company stock worth $125,652. Insiders own 2.39% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Toronto Dominion Bank raised its stake in shares of Teleflex by 14.5% in the 2nd quarter. Toronto Dominion Bank now owns 552 shares of the medical technology company’s stock valued at $115,000 after acquiring an additional 70 shares during the period. Asset Planning Services Ltd. purchased a new position in shares of Teleflex in the 1st quarter valued at $116,000. Tower Research Capital LLC TRC purchased a new position in shares of Teleflex in the 2nd quarter valued at $118,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Teleflex in the 1st quarter valued at $155,000. Finally, Huntington National Bank raised its stake in shares of Teleflex by 6.5% in the 2nd quarter. Huntington National Bank now owns 820 shares of the medical technology company’s stock valued at $145,000 after acquiring an additional 50 shares during the period. 90.50% of the stock is currently owned by institutional investors and hedge funds.

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).

The Fly

Analyst Recommendations for Teleflex (NYSE:TFX)

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