Integer Holdings Co. (ITGR) Lowered to Neutral at Northcoast Research
Integer Holdings Co. (NASDAQ:ITGR) was downgraded by Northcoast Research from a “buy” rating to a “neutral” rating in a report released on Monday, Marketbeat.com reports. The analysts noted that the move was a valuation call.
ITGR has been the subject of a number of other reports. Zacks Investment Research cut shares of Integer Holdings from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. BidaskClub upgraded shares of Integer Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Royal Bank Of Canada reiterated a “hold” rating and issued a $40.00 target price on shares of Integer Holdings in a research report on Friday, September 22nd. KeyCorp reiterated an “overweight” rating and issued a $62.00 target price (up from $51.00) on shares of Integer Holdings in a research report on Monday, September 18th. Finally, TheStreet upgraded shares of Integer Holdings from a “c+” rating to a “b-” rating in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $51.00.
Shares of Integer Holdings (NASDAQ ITGR) traded down 3.31% during mid-day trading on Monday, reaching $52.50. 91,407 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.66 billion, a PE ratio of 90.21 and a beta of 1.30. Integer Holdings has a 1-year low of $18.10 and a 1-year high of $55.20. The company’s 50 day moving average is $50.39 and its 200 day moving average is $43.97.
Integer Holdings (NASDAQ:ITGR) last issued its earnings results on Thursday, July 27th. The medical equipment provider reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.11). The firm had revenue of $363.00 million for the quarter, compared to analyst estimates of $353.68 million. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $0.56 EPS. Equities research analysts anticipate that Integer Holdings will post $2.75 EPS for the current fiscal year.
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In other news, insider John A. Harris sold 1,261 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $45.40, for a total value of $57,249.40. Following the completion of the transaction, the insider now owns 2,064 shares of the company’s stock, valued at $93,705.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Institutional investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. purchased a new position in Integer Holdings in the first quarter worth approximately $104,000. Meeder Asset Management Inc. lifted its stake in Integer Holdings by 411.1% in the third quarter. Meeder Asset Management Inc. now owns 2,034 shares of the medical equipment provider’s stock worth $104,000 after acquiring an additional 1,636 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Integer Holdings by 184.3% in the first quarter. Envestnet Asset Management Inc. now owns 3,545 shares of the medical equipment provider’s stock worth $142,000 after acquiring an additional 2,298 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Integer Holdings by 126.2% in the first quarter. Public Employees Retirement System of Ohio now owns 4,834 shares of the medical equipment provider’s stock worth $194,000 after acquiring an additional 2,697 shares during the last quarter. Finally, FMR LLC purchased a new position in Integer Holdings in the first quarter worth approximately $226,000.
About Integer Holdings
Greatbatch, Inc is a developer and manufacturer of medical devices and components. The Company operates through two segments: Greatbatch Medical and QiG Group (QiG). Greatbatch Medical designs and manufactures products where the Company either owns the intellectual property or has unique manufacturing and assembly expertise.
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