Teleflex Inc declines amid market weakness
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2024
0mins
Should l Buy TFX?
Teleflex Inc's stock price fell by 12.27%, hitting a 20-day low. This decline comes as the broader market also experiences downturns, with the Nasdaq-100 down 0.57% and the S&P 500 down 0.25%.
The drop in Teleflex's stock is attributed to sector rotation, as investors are shifting their focus away from healthcare stocks amid broader market weakness. The overall sentiment in the market has been cautious, leading to a sell-off in various sectors, including healthcare.
This significant decline may raise concerns among investors regarding Teleflex's future performance, especially as the company navigates through a challenging market environment.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy TFX?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on TFX
Wall Street analysts forecast TFX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TFX is 136.20 USD with a low forecast of 122.00 USD and a high forecast of 155.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
1 Buy
5 Hold
1 Sell
Hold
Current: 105.890
Low
122.00
Averages
136.20
High
155.00
Current: 105.890
Low
122.00
Averages
136.20
High
155.00
About TFX
Teleflex Incorporated is a global provider of medical technologies. The Company offers a diverse portfolio with solutions in the therapy areas of anesthesia, emergency medicine, interventional cardiology and radiology, surgical, vascular access, and urology. It primarily 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 in three segments: the Americas, EMEA (Europe, the Middle East and Africa) and Asia (Asia Pacific). Its vascular access product portfolio includes Arrow branded catheters, catheter navigation and tip positioning systems, and intraosseous (bone access) systems. Its interventional product offerings consist of a portfolio of Arrow branded intra-aortic balloon pumps and catheters, GuideLiner, Turnpike and TrapLiner catheters, Pulsar-18 T3 Self-Expanding 4F Stent and Orsiro Mission Drug Eluting Stent.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Tejara Capital Increases Stake in Teleflex by 69,700 Shares
- Share Acquisition: Tejara Capital Ltd disclosed an acquisition of 69,700 shares of Teleflex in a February 5 SEC filing, with an estimated transaction value of $8.45 million, indicating confidence in the company's future prospects.
- Asset Allocation Shift: This purchase increased Tejara's stake in Teleflex to 2.23%, reflecting a strategic positioning in the medical device sector, despite the stock's nearly 39% decline over the past year.
- Financial Performance: Teleflex's recent earnings report revealed a 19.4% year-over-year increase in GAAP revenue to $913 million, with adjusted EPS rising to $3.67, showcasing operational growth despite impairment challenges.
- Market Positioning: Teleflex focuses on single-use medical devices and boasts a robust global distribution network, offering a relatively stable risk profile compared to Tejara's other high-volatility investments in energy and biotech sectors.
See More
Eos Management Establishes New Position in Teleflex
- New Position: Eos Management disclosed a new stake in Teleflex with 30,831 shares valued at $3.76 million as of December 31, indicating a strategic investment in the medical device sector.
- Holding Proportion: This position represents 1.48% of Eos's 13F reportable assets, reflecting confidence in Teleflex's potential despite a 42.5% decline in stock price over the past year.
- Performance Outlook Adjustment: Teleflex recently narrowed its 2025 revenue growth outlook from 9.0%-10.0% to 9.1%-9.6%, highlighting operational uncertainties that may impact investor confidence.
- Strategic Focus: Teleflex is shrinking to concentrate on high-acuity hospital markets and plans to improve long-term growth and margins through divestitures, which may present future opportunities for investors.
See More
Wall Street Analysts Adjust Ratings on Key Stocks
- Affirm Holdings Upgrade: Needham analyst Kyle Peterson upgraded Affirm Holdings Inc (NASDAQ:AFRM) from Hold to Buy with a $100 price target, which, given its closing price of $68.71 on Monday, could attract more investor interest.
- CoStar Group Upgrade: BTIG analyst Jake Fuller upgraded CoStar Group Inc (NASDAQ:CSGP) from Neutral to Buy with a price target of $80, based on its closing price of $65.81 on Monday, suggesting increased market confidence following this upgrade.
- Teleflex Upgrade: Needham analyst Mike Matson upgraded Teleflex Inc (NYSE:TFX) from Hold to Buy with a target price of $138, considering its closing price of $104.20 on Monday, indicating potential upward movement in stock price due to this upgrade.
- CoreWeave Upgrade: Deutsche Bank analyst Brad Zelnick upgraded CoreWeave Inc (NASDAQ:CRWV) from Hold to Buy and raised the price target from $100 to $140, based on its closing price of $98.31 on Monday, which may trigger positive investor reactions to this rating change.
See More
Vanguard Health Care ETF Sees 14.9% Insider Buying in Holdings
- Insider Buying Ratio: The Vanguard Health Care ETF (VHT) shows that 14.9% of its holdings have experienced insider buying in the past six months, indicating strong confidence from executives that could positively influence investor sentiment.
- Teleflex Activity: Teleflex (TFX), comprising 0.07% of VHT, has seen 5 directors and officers purchase shares in the last six months, suggesting internal optimism about its stock price, which may bolster market confidence in the company.
- Establishment Labs Activity: Establishment Labs (ESTA), ranked 216th in VHT with a holding value of approximately $3,464,977, recently had 2 directors and officers file Form 4s indicating purchases, reflecting a positive outlook on the company's future growth.
- ETF Holding Value: The Vanguard Health Care ETF holds a total of $13,702,466 worth of TFX, making it the 106th largest holding, showcasing the ETF's strategic investment in the healthcare sector, which may attract more investors focused on this industry.
See More
Trump Proposes U.S. Military Budget Increase to $1.5 Trillion by 2027
- Military Budget Surge: Trump proposed increasing the U.S. military budget from $900 billion to $1.5 trillion by 2027, which is expected to significantly enhance investment attractiveness in the defense sector and drive related stock prices higher.
- Defense Stock Rebound: Following Trump's budget announcement, the iShares U.S. Aerospace & Defense ETF rose 1.4% and the State Street SPDR Aerospace & Defense ETF surged 3.3%, fully reversing the previous day's losses and indicating market optimism regarding defense spending.
- Small Contractors Lead Gains: Kratos Defense & Security Solutions saw its stock jump 18%, Red Cat Holdings gained 12%, and Karman Holdings rose 10%, showcasing strong investor confidence in small defense firms during the market rebound.
- Large Firms Steady Growth: Major defense companies like Leonardo DRS, Huntington Ingalls, and L3Harris saw stock increases of 9%, 7%, and 6% respectively, indicating that expectations of increased defense spending will bolster their long-term growth potential.
See More
Can Intuitive Surgical Endure the Impact of GLP-1 on Bariatric Surgery?
Intuitive Surgical's Bariatric Surgery Challenges: Intuitive Surgical is experiencing a decline in U.S. bariatric surgery volumes due to the rise of GLP-1 weight-loss drugs, which now account for less than 3% of its da Vinci procedures. Despite this, the company is seeing growth in other surgical areas, particularly benign general surgery.
Impact on Competitors: Other medical-device companies like Medtronic and Teleflex are also facing challenges from declining bariatric procedure volumes. They are focusing on faster-growing segments and innovations to mitigate the impact of this trend.
Market Performance and Valuation: Intuitive Surgical's shares have increased by 6.5% year-to-date, outperforming the industry average. The company has a forward price-to-earnings ratio of 58.42, which is above the industry average but lower than its five-year median.
Future Growth Prospects: Despite current challenges, Intuitive Surgical is expected to see a 17.3% rise in earnings for 2025, and it holds a Zacks Rank #1 (Strong Buy), indicating positive growth potential moving forward.
See More
Tejara Capital Increases Stake in Teleflex by 69,700 Shares
- Share Acquisition: Tejara Capital Ltd disclosed an acquisition of 69,700 shares of Teleflex in a February 5 SEC filing, with an estimated transaction value of $8.45 million, indicating confidence in the company's future prospects.
- Asset Allocation Shift: This purchase increased Tejara's stake in Teleflex to 2.23%, reflecting a strategic positioning in the medical device sector, despite the stock's nearly 39% decline over the past year.
- Financial Performance: Teleflex's recent earnings report revealed a 19.4% year-over-year increase in GAAP revenue to $913 million, with adjusted EPS rising to $3.67, showcasing operational growth despite impairment challenges.
- Market Positioning: Teleflex focuses on single-use medical devices and boasts a robust global distribution network, offering a relatively stable risk profile compared to Tejara's other high-volatility investments in energy and biotech sectors.
See More
Eos Management Establishes New Position in Teleflex
- New Position: Eos Management disclosed a new stake in Teleflex with 30,831 shares valued at $3.76 million as of December 31, indicating a strategic investment in the medical device sector.
- Holding Proportion: This position represents 1.48% of Eos's 13F reportable assets, reflecting confidence in Teleflex's potential despite a 42.5% decline in stock price over the past year.
- Performance Outlook Adjustment: Teleflex recently narrowed its 2025 revenue growth outlook from 9.0%-10.0% to 9.1%-9.6%, highlighting operational uncertainties that may impact investor confidence.
- Strategic Focus: Teleflex is shrinking to concentrate on high-acuity hospital markets and plans to improve long-term growth and margins through divestitures, which may present future opportunities for investors.
See More
Wall Street Analysts Adjust Ratings on Key Stocks
- Affirm Holdings Upgrade: Needham analyst Kyle Peterson upgraded Affirm Holdings Inc (NASDAQ:AFRM) from Hold to Buy with a $100 price target, which, given its closing price of $68.71 on Monday, could attract more investor interest.
- CoStar Group Upgrade: BTIG analyst Jake Fuller upgraded CoStar Group Inc (NASDAQ:CSGP) from Neutral to Buy with a price target of $80, based on its closing price of $65.81 on Monday, suggesting increased market confidence following this upgrade.
- Teleflex Upgrade: Needham analyst Mike Matson upgraded Teleflex Inc (NYSE:TFX) from Hold to Buy with a target price of $138, considering its closing price of $104.20 on Monday, indicating potential upward movement in stock price due to this upgrade.
- CoreWeave Upgrade: Deutsche Bank analyst Brad Zelnick upgraded CoreWeave Inc (NASDAQ:CRWV) from Hold to Buy and raised the price target from $100 to $140, based on its closing price of $98.31 on Monday, which may trigger positive investor reactions to this rating change.
See More
Vanguard Health Care ETF Sees 14.9% Insider Buying in Holdings
- Insider Buying Ratio: The Vanguard Health Care ETF (VHT) shows that 14.9% of its holdings have experienced insider buying in the past six months, indicating strong confidence from executives that could positively influence investor sentiment.
- Teleflex Activity: Teleflex (TFX), comprising 0.07% of VHT, has seen 5 directors and officers purchase shares in the last six months, suggesting internal optimism about its stock price, which may bolster market confidence in the company.
- Establishment Labs Activity: Establishment Labs (ESTA), ranked 216th in VHT with a holding value of approximately $3,464,977, recently had 2 directors and officers file Form 4s indicating purchases, reflecting a positive outlook on the company's future growth.
- ETF Holding Value: The Vanguard Health Care ETF holds a total of $13,702,466 worth of TFX, making it the 106th largest holding, showcasing the ETF's strategic investment in the healthcare sector, which may attract more investors focused on this industry.
See More
Trump Proposes U.S. Military Budget Increase to $1.5 Trillion by 2027
- Military Budget Surge: Trump proposed increasing the U.S. military budget from $900 billion to $1.5 trillion by 2027, which is expected to significantly enhance investment attractiveness in the defense sector and drive related stock prices higher.
- Defense Stock Rebound: Following Trump's budget announcement, the iShares U.S. Aerospace & Defense ETF rose 1.4% and the State Street SPDR Aerospace & Defense ETF surged 3.3%, fully reversing the previous day's losses and indicating market optimism regarding defense spending.
- Small Contractors Lead Gains: Kratos Defense & Security Solutions saw its stock jump 18%, Red Cat Holdings gained 12%, and Karman Holdings rose 10%, showcasing strong investor confidence in small defense firms during the market rebound.
- Large Firms Steady Growth: Major defense companies like Leonardo DRS, Huntington Ingalls, and L3Harris saw stock increases of 9%, 7%, and 6% respectively, indicating that expectations of increased defense spending will bolster their long-term growth potential.
See More
Can Intuitive Surgical Endure the Impact of GLP-1 on Bariatric Surgery?
Intuitive Surgical's Bariatric Surgery Challenges: Intuitive Surgical is experiencing a decline in U.S. bariatric surgery volumes due to the rise of GLP-1 weight-loss drugs, which now account for less than 3% of its da Vinci procedures. Despite this, the company is seeing growth in other surgical areas, particularly benign general surgery.
Impact on Competitors: Other medical-device companies like Medtronic and Teleflex are also facing challenges from declining bariatric procedure volumes. They are focusing on faster-growing segments and innovations to mitigate the impact of this trend.
Market Performance and Valuation: Intuitive Surgical's shares have increased by 6.5% year-to-date, outperforming the industry average. The company has a forward price-to-earnings ratio of 58.42, which is above the industry average but lower than its five-year median.
Future Growth Prospects: Despite current challenges, Intuitive Surgical is expected to see a 17.3% rise in earnings for 2025, and it holds a Zacks Rank #1 (Strong Buy), indicating positive growth potential moving forward.
See More
