Oppenheimer analyst Steven Lichtman assigned a Buy rating to Integra Lifesciences (IART) yesterday and set a price target of $88.00. The company’s shares closed last Wednesday at $73.80, close to its 52-week high of $76.95.
According to TipRanks.com, Lichtman is a 5-star analyst with an average return of 20.5% and a 59.9% success rate. Lichtman covers the Healthcare sector, focusing on stocks such as Zimmer Biomet Holdings, Organogenesis Holdings, and Merit Medical Systems.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Integra Lifesciences with a $74.88 average price target, which is a -3.3% downside from current levels. In a report released yesterday, BTIG also maintained a Buy rating on the stock with a $78.00 price target.
See today’s analyst top recommended stocks >>
Based on Integra Lifesciences’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $389 million and net profit of $92.74 million. In comparison, last year the company earned revenue of $395 million and had a net profit of $15.32 million.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IART in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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. The Codman Specialty Surgical segment refers to the company’s neurosurgery business, which sells a full line of products for neurosurgery and neuro critical care such as tissue ablation equipment, dural repair products, cerebral spinal fluid management devices, intracranial monitoring equipment, and cranial stabilization equipment; and precision tools and instruments business, which sells instrument patterns and surgical and lighting products to hospitals, surgery centers, and dental, podiatry, and veterinary offices. The Orthopedics and Tissue Technologies segment includes offerings such as skin and wound repair, bone and joint fixation implants in the upper and lower extremities, bone grafts, and nerve and tendon repair. The company was founded by Richard E. Caruso in 1989 and is headquartered in Princeton, NJ.
