Teleflex Incorporated (NYSE:TFX) Given Average Rating of “Moderate Buy” by Brokerages

Teleflex Incorporated (NYSE:TFX) has received a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $277.20.

TFX has been the subject of several recent research reports. Truist Financial reduced their price objective on Teleflex from $264.00 to $255.00 and set a “hold” rating for the company in a research note on Monday, August 7th. Stephens reiterated an “overweight” rating and set a $315.00 price target on shares of Teleflex in a report on Wednesday, October 11th. Morgan Stanley reiterated an “equal weight” rating and set a $261.00 price target on shares of Teleflex in a report on Wednesday, July 19th. JMP Securities reduced their price target on Teleflex from $330.00 to $315.00 and set an “outperform” rating on the stock in a report on Friday, August 4th. Finally, StockNews.com started coverage on Teleflex in a report on Thursday, October 5th. They set a “hold” rating on the stock.

Hedge Funds Weigh In On Teleflex

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TFX. Cambridge Investment Research Advisors Inc. lifted its stake in Teleflex by 2.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,231 shares of the medical technology company’s stock valued at $792,000 after buying an additional 54 shares during the last quarter. HighTower Advisors LLC lifted its stake in Teleflex by 2.2% in the first quarter. HighTower Advisors LLC now owns 4,678 shares of the medical technology company’s stock valued at $1,655,000 after buying an additional 99 shares during the last quarter. Private Advisor Group LLC purchased a new stake in Teleflex in the first quarter valued at approximately $455,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Teleflex by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,268 shares of the medical technology company’s stock valued at $2,224,000 after buying an additional 388 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its stake in Teleflex by 2.7% in the first quarter. Yousif Capital Management LLC now owns 7,158 shares of the medical technology company’s stock valued at $2,540,000 after buying an additional 190 shares during the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Teleflex Trading Down 2.4 %

Shares of NYSE:TFX opened at $180.95 on Friday. Teleflex has a 1 year low of $180.84 and a 1 year high of $276.43. The firm has a market capitalization of $8.50 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 2.02 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.60 and a quick ratio of 1.47. The business’s 50 day moving average price is $203.14 and its 200-day moving average price is $231.65.

Teleflex (NYSE:TFX) last announced its earnings results on Thursday, August 3rd. The medical technology company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.21 by $0.20. Teleflex had a return on equity of 15.48% and a net margin of 12.71%. The firm had revenue of $743.30 million for the quarter, compared to analyst estimates of $729.87 million. During the same quarter last year, the firm posted $3.39 EPS. The business’s revenue was up 5.5% on a year-over-year basis. On average, equities research analysts forecast that Teleflex will post 13.27 earnings per share for the current fiscal year.

Teleflex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 15th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Thursday, September 14th. Teleflex’s dividend payout ratio is presently 17.46%.

About Teleflex

Teleflex Incorporated designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. It provides vascular access products that comprise Arrow branded catheters, catheter navigation and tip positioning systems, and intraosseous access systems for the administration of intravenous therapies, the measurement of blood pressure, and the withdrawal of blood samples through a single puncture site.