Financial

Greatbatch Receives Average Rating of “Buy” from Brokerages (NYSE:GB)

Greatbatch (NYSE:GB) has been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the stock, Market Beat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $65.67.

Shares of Greatbatch (NYSE:GB) traded up 1.95% during trading on Monday, hitting $56.00. The company had a trading volume of 153,001 shares. Greatbatch has a 52-week low of $46.26 and a 52-week high of $63.19. The stock’s 50-day moving average is $53.48 and its 200 day moving average is $53.92. The firm has a market capitalization of $1.71 billion and a P/E ratio of 46.67.

Greatbatch (NYSE:GB) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimateof $0.51 by $0.07. The company earned $146.60 million during the quarter, compared to analyst estimates of $182.17 million. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.64 EPS. Equities research analysts predict that Greatbatch will post $2.78 earnings per share for the current fiscal year.

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