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A Director at Teleflex Inc is Exercising Options


Today it was reported that a Director at Teleflex Inc (TFX), Stuart Randle, exercised options to sell 2,500 TFX shares at $42.75 a share, for a total transaction value of $663.1K.

Following Stuart Randle’s last TFX Sell transaction on June 08, 2017, the stock climbed by 61.6%.

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Based on Teleflex Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $610 million and quarterly net profit of $56.52 million. In comparison, last year the company earned revenue of $535 million and had a net profit of $77.02 million. TFX’s market cap is $12.16B and the company has a P/E ratio of 187.94. Currently, Teleflex Inc has an average volume of 285K.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $315.00, reflecting a 18.5% upside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy TFX with a $310 price target.

The insider sentiment on Teleflex Inc has been negative according to 67 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Teleflex, Inc. provides medical technology products which enables healthcare providers to improve patient outcomes and enhance patient and provider safety. The company designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for common diagnostic and therapeutic procedures in critical care and surgical applications. It operates through the following business segments: Vascular North America, Interventional North America, Anesthesia North America, Surgical North America, Europe, the Middle East and Africa (EMEA), Asia and Original Equipment Manufacturer and Development Services (OEM). The Vascular North America segment products facilitate a variety of critical care therapies, including the administration of intravenous medications and other therapies and the measurement of blood pressure and taking of blood samples through a single puncture site. The Interventional North America segment is comprised of the North American component of Vascular Solutions business. The Anesthesia North America segment provides products for clinicians working primarily in emergency rooms, surgery and critical care settings. The Surgical North America segment products are predominantly comprised of single-use products, including ligation clips and closure products; appliers and sutures used in a variety of surgical procedures; access ports used in minimally invasive laparoscopic surgical procedures, including robotic surgery, and fluid management products used for chest drainage. The EMEA segment designs, manufactures and distributes medical devices primarily used in critical care, surgical applications and cardiac care and generally serves two end markets: hospitals and healthcare providers, and home health. The Asia segment designs, manufactures and distributes medical devices primarily used in critical care, surgical applications and cardiac care and generally serves hospitals and healthcare providers. The OEM segment designs, manufactures and supplies devices and instruments for other medical device manufacturers. Teleflex was founded in 1943 and is headquartered in Wayne, PA.