ValuEngine Upgrades Integer (ITGR) to Buy

ValuEngine upgraded shares of Integer (NYSE:ITGR) from a hold rating to a buy rating in a report issued on Friday.

A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Integer from a buy rating to a hold rating in a research note on Tuesday, January 23rd. Royal Bank of Canada reiterated a neutral rating on shares of Integer in a research note on Friday, October 27th. BidaskClub lowered shares of Integer from a strong-buy rating to a buy rating in a research note on Saturday, October 28th. TheStreet lowered shares of Integer from a b- rating to a c+ rating in a research note on Thursday, November 9th. Finally, Northcoast Research lowered shares of Integer from a buy rating to a neutral rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Integer currently has an average rating of Hold and an average price target of $51.00.

Integer (NYSE ITGR) opened at $46.85 on Friday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.37 and a current ratio of 2.58. Integer has a 52 week low of $32.35 and a 52 week high of $55.20. The stock has a market cap of $1,586.66, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 1.05 and a beta of 1.05.

In other Integer news, CFO Gary J. Haire sold 731 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $44.89, for a total transaction of $32,814.59. Following the transaction, the chief financial officer now directly owns 1,911 shares of the company’s stock, valued at $85,784.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William B. Summers, Jr. sold 13,996 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $49.07, for a total transaction of $686,783.72. Following the transaction, the director now directly owns 46,179 shares in the company, valued at $2,266,003.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,999 shares of company stock worth $4,326,494. 4.80% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. lifted its holdings in Integer by 411.1% during the third quarter. Meeder Asset Management Inc. now owns 2,034 shares of the medical equipment provider’s stock valued at $104,000 after purchasing an additional 1,636 shares in the last quarter. Zions Bancorporation purchased a new position in Integer during the third quarter valued at $174,000. Amalgamated Bank purchased a new position in Integer during the third quarter valued at $212,000. Bessemer Group Inc. purchased a new position in Integer during the third quarter valued at $220,000. Finally, Piedmont Investment Advisors LLC purchased a new position in Integer during the second quarter valued at $260,000. 95.43% of the stock is currently owned by institutional investors and hedge funds.

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Integer Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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