Teleflex Incorporated (TFX) Volatility Spurs A Quest For Clarity

Currently, there are 48.05M common shares owned by the public and among those 46.98M shares have been available to trade.

The company’s stock has a 5-day price change of 1.14% and 17.27% over the past three months. TFX shares are trading -1.67% year to date (YTD), with the 12-month market performance up to 12.09% higher. It has a 12-month low price of $177.63 and touched a high of $257.85 over the same period. TFX has an average intraday trading volume of 461.30K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.89%, 9.23%, and 8.59% respectively.

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Institutional ownership of Teleflex Incorporated (NYSE: TFX) shares accounts for 100.80% of the company’s 48.05M shares outstanding.

It has a market capitalization of $11.55B and a beta (3y monthly) value of 1.15. The stock’s trailing 12-month PE ratio is 44.02, while the earnings-per-share (ttm) stands at $5.57. The company has a PEG of 5.57 and a Quick Ratio of 1.44 with the debt-to-equity ratio at 0.40. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.65% over the week and 2.03% over the month.

Earnings per share for the fiscal year are expected to increase by 3.19%, and 10.25% over the next financial year. EPS should shrink at an annualized rate of 7.90% over the next five years, compared to 11.91% over the past 5-year period.

Looking at the support for the TFX, a number of firms have released research notes about the stock. Piper Sandler stated their Overweight rating for the stock in a research note on July 01, 2024, with the firm’s price target at $205-$245. Morgan Stanley coverage for the Teleflex Incorporated (TFX) stock in a research note released on December 04, 2023 offered a Overweight rating with a price target of $261. Needham was of a view on June 21, 2023 that the stock is Hold, while Morgan Stanley gave the stock Equal-Weight rating on May 30, 2023, issuing a price target of $261. CL King on their part issued Buy rating on May 30, 2023.

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