Teleflex Incorporated (NYSE: TFX) has seen a rise in its stock price by 0.67 in relation to its previous close of 243.54. However, the company has experienced a 1.14% gain in its stock price over the last five trading sessions. zacks.com reported 2024-08-26 that Teleflex (TFX) publishes an analysis of clinical data showcasing the Titan SGS Stapler’s enhanced clinical outcomes and significant efficiency benefits.
Is It Worth Investing in Teleflex Incorporated (NYSE: TFX) Right Now?
The price-to-earnings ratio for Teleflex Incorporated (NYSE: TFX) is 44.02x, which is above its average ratio. Moreover, the 36-month beta value for TFX is 1.15. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 5 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for TFX is 46.98M and currently, short sellers hold a 1.20% of that float. On September 02, 2024, TFX’s average trading volume was 461.30K shares.
TFX’s Market Performance
TFX stock saw an increase of 1.14% in the past week, with a monthly gain of 3.91% and a quarterly increase of 17.27%. The volatility ratio for the week is 1.65%, and the volatility levels for the last 30 days are 2.03% for Teleflex Incorporated (TFX). The simple moving average for the last 20 days is 3.89% for TFX stock, with a simple moving average of 8.59% for the last 200 days.
Analysts’ Opinion of TFX
Many brokerage firms have already submitted their reports for TFX stocks, with Piper Sandler repeating the rating for TFX by listing it as a “Overweight.” The predicted price for TFX in the upcoming period, according to Piper Sandler is $245 based on the research report published on July 01, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see TFX reach a price target of $261. The rating they have provided for TFX stocks is “Overweight” according to the report published on December 04th, 2023.
TFX Trading at 9.23% from the 50-Day Moving Average
After a stumble in the market that brought TFX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.92% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 1.65%, as shares surge +3.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.32% upper at present.
During the last 5 trading sessions, TFX rose by +1.14%, which changed the moving average for the period of 200-days by +20.26% in comparison to the 20-day moving average, which settled at $236.40. In addition, Teleflex Incorporated saw -1.67% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TFX starting from RANDLE STUART A, who sale 2,674 shares at the price of $238.93 back on Aug 16 ’24. After this action, RANDLE STUART A now owns 5,496 shares of Teleflex Incorporated, valued at $638,899 using the latest closing price.
RANDLE STUART A, the Director of Teleflex Incorporated, proposed sale 2,674 shares at $238.93 during a trade that took place back on Aug 16 ’24, which means that RANDLE STUART A is holding shares at $638,899 based on the most recent closing price.
Stock Fundamentals for TFX
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.56 for the gross margin
The net margin for Teleflex Incorporated stands at 0.09. The total capital return value is set at 0.07. Equity return is now at value 6.04, with 3.69 for asset returns.
Based on Teleflex Incorporated (TFX), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 0.38. The interest coverage ratio of the stock is 5.2.
Currently, EBITDA for the company is 817.61 million with net debt to EBITDA at 1.91. When we switch over and look at the enterprise to sales, we see a ratio of 4.37. The receivables turnover for the company is 6.7for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.58.
Conclusion
To wrap up, the performance of Teleflex Incorporated (TFX) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
