Teleflex (NYSE:TFX) Reaches New 1-Year Low – What’s Next?

Teleflex Incorporated (NYSE:TFX) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $167.78 and last traded at $168.28, with a volume of 488076 shares trading hands. The stock had previously closed at $171.31.

Analysts Set New Price Targets

A number of research analysts recently commented on TFX shares. Needham & Company LLC reissued a “hold” rating on shares of Teleflex in a report on Monday, December 16th. Royal Bank of Canada lowered their target price on shares of Teleflex from $275.00 to $245.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Truist Financial cut their target price on shares of Teleflex from $227.00 to $200.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Mizuho decreased their price target on shares of Teleflex from $275.00 to $250.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, StockNews.com upgraded Teleflex from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.50.

Teleflex Trading Down 1.8 %

The company has a quick ratio of 1.39, a current ratio of 2.42 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average is $179.25 and its 200-day moving average is $210.37. The company has a market cap of $7.81 billion, a PE ratio of 33.46, a P/E/G ratio of 1.72 and a beta of 1.16.

Institutional Trading of Teleflex

Several hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC purchased a new position in Teleflex in the fourth quarter worth about $29,000. Cromwell Holdings LLC lifted its stake in shares of Teleflex by 59.0% in the 3rd quarter. Cromwell Holdings LLC now owns 132 shares of the medical technology company’s stock valued at $33,000 after purchasing an additional 49 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of Teleflex by 190.6% in the 3rd quarter. Avior Wealth Management LLC now owns 154 shares of the medical technology company’s stock valued at $38,000 after purchasing an additional 101 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Teleflex in the 3rd quarter worth approximately $40,000. Finally, True Wealth Design LLC increased its position in shares of Teleflex by 16,600.0% during the 3rd quarter. True Wealth Design LLC now owns 167 shares of the medical technology company’s stock valued at $41,000 after purchasing an additional 166 shares during the last quarter. 95.62% of the stock is currently owned by hedge funds and other institutional investors.

Teleflex Company Profile

Teleflex Incorporated designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. The company 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.