Cantor Fitzgerald Maintains a Hold Rating on Integra Lifesciences (IART)


Cantor Fitzgerald analyst Craig Bijou maintained a Hold rating on Integra Lifesciences (IART) today and set a price target of $54. The company’s shares closed yesterday at $44.46, close to its 52-week low of $42.14.

Bijou wrote:

“We maintain our Neutral rating and 12-month price target of $54 on IART. Although we view IART’s long-range plan as impressive, we believe execution over the next few quarters is critical to restoring investor confidence in the stock. We think it is appropriate to stay on the sidelines at this time, but we might become more positive on the stock if the company were to execute on its integration and salesforce restructuring goals. We think IART is fairly valued at current levels, appropriately balancing the long-term opportunities with the risk of near-term disruption from the Codman acquisition and the changes to the OTT sales channel structure.”

According to TipRanks.com, Bijou is a 1-star analyst with an average return of -2.7% and a 37.8% success rate. Bijou covers the Healthcare sector, focusing on stocks such as Zimmer Biomet Holdings, Ra Medical Systems Inc, and Wright Medical Group.

Currently, the analyst consensus on Integra Lifesciences is a Moderate Buy with an average price target of $60.73.

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Based on Integra Lifesciences’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $13.3 million. In comparison, last year the company had a net profit of $44.36 million.

Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is neutral on the stock.

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Integra LifeSciences Holdings Corp. engages in the manufacture and sale of medical instruments, devices, and equipment. It operates through the Codman Specialty Surgical and Orthopedics and Tissue Technologies segments.

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