Teleflex Incorporated (NYSE:TFX – Get Free Report) announced a quarterly dividend on Thursday, August 1st, NASDAQ reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.34 per share by the medical technology company on Monday, September 16th. This represents a $1.36 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Thursday, August 15th.
Teleflex has a dividend payout ratio of 9.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Teleflex to earn $15.18 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 9.0%.
Teleflex Trading Down 0.2 %
Shares of TFX stock opened at $235.51 on Friday. Teleflex has a 52-week low of $177.63 and a 52-week high of $257.85. The company has a 50-day simple moving average of $213.52 and a two-hundred day simple moving average of $221.54. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 2.51. The company has a market capitalization of $11.09 billion, a price-to-earnings ratio of 37.89, a PEG ratio of 2.14 and a beta of 1.13.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Teleflex in a report on Friday, May 3rd. Piper Sandler upgraded shares of Teleflex from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $205.00 to $245.00 in a research note on Monday, July 1st. Finally, Truist Financial increased their target price on Teleflex from $235.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, July 16th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $263.14.
Check Out Our Latest Research Report on TFX
About Teleflex
Teleflex Incorporated designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. The company provides vascular access products that comprise Arrow branded catheters, catheter navigation and tip positioning systems, and intraosseous access systems for the administration of intravenous therapies, the measurement of blood pressure, and the withdrawal of blood samples through a single puncture site.
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