A share price of Teleflex Incorporated [TFX] is currently trading at $233.33, down -1.60%. An important factor to consider is whether the stock is rising or falling in short-term value. The TFX shares have gain 4.81% over the last week, with a monthly amount glided 9.00%, 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 $304.09 within the next 12 months. Teleflex Incorporated [NYSE: TFX] shares were valued at $233.33 at the most recent close of the market. An investor can expect a potential return of 30.33% based on the average TFX price forecast.
Analyzing the TFX fundamentals
Trailing Twelve Months sales for Teleflex Incorporated [NYSE:TFX] were 3.01B which represents 0.87% growth. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.16%, 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 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.38.
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 229.59 points at the first support level, and at 225.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 237.49, and for the 2nd resistance point, it is at 241.64.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Teleflex Incorporated [NYSE:TFX] is 2.58. On the other hand, the Quick Ratio is 1.44, and the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 3.65, the price to book ratio is 2.41 and price to earnings (TTM) ratio is 41.89.
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.
