Teleflex Incorporated (TFX) Stock Up 6.80%: Is It a Good Investment?

A share price of Teleflex Incorporated [TFX] is currently trading at $235.95, up 6.80%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TFX shares have gain 6.05% over the last week, with a monthly amount glided 11.69%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Teleflex Incorporated [NYSE: TFX] stock has seen the most recent analyst activity on July 01, 2024, when Piper Sandler upgraded its rating to a Overweight and also boosted its price target to $245 from $205. Previously, Morgan Stanley upgraded its rating to Overweight on December 04, 2023, and kept the price target unchanged to $261. On June 21, 2023, downgrade downgraded it’s rating to Hold. CL King initiated its recommendation with a Buy and recommended $293 as its price target on May 30, 2023. Wolfe Research downgraded its rating to Peer Perform for this stock on April 26, 2023. In a note dated October 26, 2022, Mizuho initiated an Neutral rating and provided a target price of $220 on this stock.

Teleflex Incorporated experienced fluctuations in its stock price throughout the past year between $177.63 and $257.85. Currently, Wall Street analysts expect the stock to reach $309 within the next 12 months. Teleflex Incorporated [NYSE: TFX] shares were valued at $235.95 at the most recent close of the market. An investor can expect a potential return of 30.96% based on the average TFX price forecast.

Analyzing the TFX fundamentals

Trailing Twelve Months sales for Teleflex Incorporated [NYSE:TFX] were 3.00B which represents 3.79% growth. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.06 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.4.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 227.16 points at the first support level, and at 218.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 244.31, and for the 2nd resistance point, it is at 252.67.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Teleflex Incorporated [NYSE:TFX] is 2.51. Further, the Quick Ratio stands at 1.41, while the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 3.70, the price to book ratio is 2.47 and price to earnings (TTM) ratio is 37.86.

Transactions by insiders

Recent insider trading involved Hicks Cameron P, Corp. VP & Chief HR Officer, that happened on Mar 05 ’24 when 7401.0 shares were sold. Chairman, President & CEO, Kelly Liam completed a deal on Dec 27 ’23 to sell 26256.0 shares. Meanwhile, Executive Vice President & CFO POWELL THOMAS E sold 13952.0 shares on Nov 29 ’23.

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