Teleflex Incorporated (TFX) can make a big difference with a little luck

Teleflex Incorporated (NYSE: TFX) stock jumped 0.60% on Thursday to $214.62 against a previous-day closing price of $213.34. With 0.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.29 million shares. During the session, the Medical Instruments & Supplies company that operates in wider Healthcare sector, reached to the highest price of $216.51 whereas the lowest price it dropped to was $213.48. The 52-week range on TFX shows that it touched its highest point at $276.43 and its lowest point at $182.65 during that stretch. It currently has a 1-year price target of $268.15. With its current market cap of 10.08 billion, TFX has annualized dividend of $1.36 while the current yield stands at 0.63%. Beta for the stock currently stands at 1.03.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TFX was up-trending over the past week, with a rise of 3.86%, but this was down by -4.34% over a month. Three-month performance dropped to -12.23% while six-month performance fell -4.82%. The stock lost -9.71% in the past year, while it has lost -14.02% so far this year. A look at the trailing 12-month EPS for TFX yields 7.80 with Next year EPS estimates of 14.33. For the next quarter, that number is 3.29. This implies an EPS growth rate of -25.00% for this year and 7.86% for next year. EPS is expected to grow by 10.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.30%.

Float and Shares Shorts:

At present, 46.98 million TFX shares are outstanding with a float of 46.89 million shares on hand for trading. On Aug 30, 2023, short shares totaled 1.65 million, which was 3.51% higher than short shares on Jul 30, 2023. In addition to Mr. Liam J. Kelly as the firm’s Chairman, Pres & CEO, Mr. Thomas E. Powell serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 100.02% of TFX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 9.12% of TFX, in contrast to 71.56% held by mutual funds. Shares owned by individuals account for 28.36%. As the largest shareholder in TFX with 18.22% of the stake, T. Rowe Price Investment Manageme holds 8,556,799 shares worth 8,556,799. A second-largest stockholder of TFX, The Vanguard Group, Inc., holds 5,245,310 shares, controlling over 11.17% of the firm’s shares. Janus Henderson Investors US LLC is the third largest shareholder in TFX, holding 3,838,535 shares or 8.17% stake. With a 5.52% stake in TFX, the T Rowe Price Mid Cap Growth Fund is the largest stakeholder. A total of 2,592,000 shares are owned by the mutual fund manager. The T Rowe Price Capital Appreciation, which owns about 4.37% of TFX stock, is the second-largest Mutual Fund holder. It holds 2,051,997 shares valued at 515.4 million. Janus Henderson Enterprise Fund holds 3.79% of the stake in TFX, owning 1,781,928 shares worth 447.57 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jul 01, 2023, TFX reported revenue of $704.54M and operating income of $135.07M. The EBITDA in the recently reported quarter was $192.03M and diluted EPS was $2.23.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TFX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TFX analysts setting a high price target of $315.00 and a low target of $236.00, the average target price over the next 12 months is $268.67. Based on these targets, TFX could surge 46.77% to reach the target high and rise by 9.96% to reach the target low. Reaching the average price target will result in a growth of 25.18% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded TFX stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 22 while that of sell transactions has risen to 15 over the past year. The total number of shares bought during that period was 58,111 while 33,500 shares were sold.

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