Teleflex (TFX) Receives a Hold from Piper Sandler

Piper Sandler analyst Matthew O’Brien maintained a Hold rating on Teleflex (TFX – Research Report) today and set a price target of $205.00. The company’s shares closed last Friday at $203.93.

According to TipRanks, O’Brien is a 4-star analyst with an average return of 6.3% and a 52.15% success rate. O’Brien covers the Healthcare sector, focusing on stocks such as Penumbra, Alphatec Holdings, and Boston Scientific.

The word on The Street in general, suggests a Hold analyst consensus rating for Teleflex with a $241.50 average price target, implying a 18.42% upside from current levels. In a report released on May 8, Truist Financial also maintained a Hold rating on the stock with a $219.00 price target.

TFX market cap is currently $9.61B and has a P/E ratio of 32.72.

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Teleflex (TFX) Company Description:

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: Americas, EMEA (Europe, the Middle East and Africa), Asia (Asia Pacific) and OEM. The Americas segment engages in the sales of interventional urology products. The EMEA engages in the sales of urology products. 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.