KeyBanc maintained its Teleflex [TFX] rating to the equivalent of Overweight but changed the price target to $441 from $382, in a research note dated 2021-01-08. That figure represents around a 9.12% premium from where the company’s shares closed on Thursday. Other analysts also revised their coverage, with KeyBanc Capital Markets’s analysts upgrading the shares from “a Sector weight” rating to “an Overweight” rating in a research note to investors issued in early November. Meanwhile, Needham had maintained its rating on TFX to the earlier “Buy” rating, in a research note produced for clients January 31, 2020. In addition, there was no change from Needham on August 02, 2019. The rater maintained TFX to “a Buy” but assigned new target price of $403.
Is Teleflex Incorporated [NYSE:TFX] a Good Buy Right Now?
It should be noted that TFX technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 72% Buy in the past month. Data from Teleflex Incorporated’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 0.2 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.25 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.23 million shares.
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TFX Price Performance
On Wall Street, Teleflex Incorporated [NYSE:TFX] finished Thursday’s session down -0.31% at $403.78. The stock went up to $407.58 at the same session while its lowest single day price was $400.75. In the last five days, it saw a fall of about -0.93%, Teleflex Incorporated shares dropped by almost -1.89% since the beginning of the year. However, the share price has dropped to as low as -2.23% below its one year high. On 01/04/21, the company shares recorded $412.42, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $397.76. The company’s shares have inclined by 6.41% in the past year. The 50-day SMA achieved is $376.25 while the 200-day SMA is $360.64. Volume dropped to 0.3 million from 0.32 million in the previous session.
Teleflex Incorporated [TFX] Valuation Measures
Notably, Teleflex Incorporated [TFX] stock cannot be classified as a good candidate in the listing of underestimated low-priced Medical Instruments & Supplies companies to purchase soonest possible with the prevailing 12-month PE ratio of 51.99. The measure means the stock is exchanging at a premium as compared to the 33.86x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 7.43 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 5.23 which means TFX serve an unattractive investment opportunity compared to its competitors.
TFX Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 400.49 level, and in case of violation of this particular level, it will cause more drop to 397.21 level. On the upper level, 410.87 is still the key resistance. The stock may increase to the subsequent resistance at 407.32. The Relative Strength Index (RSI) pinned on the 14-day chart is 58.84, implying a neutral technical stance while the MACD stands at -0.79, meaning price will decrease in the next trading period. Percent R indicator moved to 42.62%, implying low price movement. Stochastic %K at 60.19% suggest selling the stock.
What is the short interest in Teleflex Incorporated?
Short interest in the Teleflex Incorporated stock has surged, increasing by 91830.0 shares to total 0.62 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 0.71 million, data from Yahoo Finance shows. The decrease of -14.88% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 1.72% of the overall float for the stock.
Teleflex Incorporated’s Biggest Shareholders: Who Owns Teleflex Incorporated [TFX]?
Filings by T. Rowe Price Associates, Inc. showed that the firm now holds a total of 4,940,033 shares or roughly 10.61% of the outstanding TFX shares. This means their shares have reduced by -343,976 from the 4,940,033 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $1,856,838,137. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -0.09% stake valued at $978,338,089 while Wellington Management Co. LLP added theirs at $957,431,519. During the last quarter, BlackRock Fund Advisors liquidated -2,404 of its shares in Teleflex Incorporated while Wellington Management Co. LLP bought 90,996 shares. The SSgA Funds Management, Inc.’s holdings currently number 1,938,180 shares at $782598320.4. According to the firm’s last 13F report, American Century Investment Manag shares in the company at filing stood at 1,278,284 shares, roughly $489,263,201.
TFX Earnings Forecast For The Current Quarter
Teleflex Incorporated [TFX] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $687.66M and an earnings per share of $3.05 for Dec 2020. Looking further ahead, the company is expected to report revenue of $672.7M at an EPS of $2.86 for Mar 2021. The estimates represent upside of 13.50% and 20.37% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
TFX Earnings Estimates For The Current Year
For the financial year, Teleflex Incorporated [NYSE:TFX] is expected to bring in revenue of $2.51B. The returns are nearly $-90.0 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 10.5, lower than that of FY19 by -$0.65. Estimates put this year’s earnings growth at -5.80%, 20.50% for the next, and at an annual 12.00% over the next 5-year period. As for sales, forecasts are for a decrease of -3.20% in the current fiscal year and a further 13.50% over the following year.