The Cooper Companies, Inc. (NYSE: COO) given the average “Buy” rating by brokerage firms

The Cooper Companies, Inc. (NYSE: COO) has received a consensus rating of “Buy” by the fifteen analysts who cover the company, reports MarketBeat Ratings. Four investment analysts gave the stock a conservation rating and seven gave the company a buy rating. The one-year average price target among brokers who hedged the stock in the past year is $ 392.42.

Several analysts have commented on COO shares. Citigroup raised its price target for The Cooper Companies’ shares from $ 355.00 to $ 378.00 and gave the company a “neutral” rating in a research report published on Friday, March 5. Piper Sandler raised her price target for The Cooper Companies stock from $ 435.00 to $ 440.00 and rated the company as “overweight” in a research report released on Tuesday, June 1. Raymond James increased his price target for The Cooper Companies stock from $ 375.00 to $ 415.00 and gave the company an “outperformance” rating in a research report on Friday, March 5. Redburn Partners launched coverage on shares of The Cooper Companies in a research report on Friday, April 23. They issued a “buy” note to the company. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a price target of $ 450.00 on shares of The Cooper Companies in a research report on Monday, May 24.

In addition, SVP Agostino Ricupati sold 2,643 shares of the company in a transaction that took place on Thursday, April 15. The shares were sold at an average price of $ 397.92, for a total trade of $ 1,051,702.56. Following the sale, the Senior Vice President now owns 2,709 shares of the company, valued at approximately $ 1,077,965.28. The sale was disclosed in a file with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the shares are currently held by company insiders.

Several hedge funds and other institutional investors have recently changed their positions in COO. First Trust Advisors LP acquired a new equity interest in The Cooper Companies during the fourth quarter valued at approximately $ 8,658,000. The North Carolina state treasurer increased his stake in shares of The Cooper Companies by 0.3% in the fourth quarter. The North Carolina state treasurer now owns 18,735 shares of the medical device company worth $ 6,807,000 after purchasing an additional 63 shares during the period. Baker Tilly Financial LLC purchased a new position in shares of The Cooper Companies during the fourth quarter valued at approximately $ 203,000. The Wisconsin State Investment Board increased its position in The Cooper Companies shares by 45.6% in the 4th quarter. The Wisconsin State Investment Board now owns 40,701 shares of the medical device company valued at $ 14,787,000 after purchasing an additional 12,756 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in The Cooper Companies shares by 228.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 8,582 shares of the medical device company valued at $ 3,118,000 after purchasing an additional 5,970 shares in the last quarter. 97.41% of the shares are currently held by institutional investors and hedge funds.

COO stock opened at $ 375.19 on Friday. The stock has a market cap of $ 18.48 billion, a price / earnings ratio of 7.91, a price / earnings-growth ratio of 2.81, and a beta of 0.82. The company’s 50-day moving average price is $ 393.08. Cooper companies have a one-year minimum of $ 268.92 and a one-year maximum of $ 415.96. The company has a current ratio of 1.33, a quick ratio of 0.75 and a debt ratio of 0.21.

The Cooper Companies (NYSE: COO) last released its quarterly results on Wednesday, June 2. The medical device company reported EPS of $ 3.38 for the quarter, beating Thomson Reuters’ consensus estimate of $ 3.09 by $ 0.29. The company posted revenue of $ 719.50 million in the quarter, compared to analysts’ estimates of $ 691.63 million. The Cooper companies had a net margin of 88.54% and a return on equity of 12.02%. The company’s quarterly revenue increased 37.1% year-over-year. During the same period of the previous year, the company posted earnings per share of $ 1.51. As a group, sell-side analysts expect The Cooper Companies to post EPS of 13.33 for the current year.

Cooper Companies Company Profile

The Cooper Companies, Inc. operates as a worldwide medical device company. It operates through two segments, CooperVision and CooperSurgical. The company develops, manufactures and markets a line of contact lenses, including spherical, toric and multifocal lenses that correct myopia and hyperopia, as well as various complex visual defects, such as astigmatism and presbyopia.

Further reading: Conference calls and individual investors

Analyst Recommendations for The Cooper Companies (NYSE: COO)

This instant news alert was powered by narrative science technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured article: Why invest in Dividend Kings

7 stocks that still have potential for investors to buy

It can be fun to invest in certain speculative stocks. But it goes without saying that these stocks don’t have to be the bulk of your portfolio. In fact, it’s important to find a few good stocks that form the basis of your portfolio. These are dynamic stocks that are in a strong uptrend.

One way to find these stocks is to look at the most active stocks (or volume leaders). The shares of these companies are among the most traded or have the highest volume of shares traded on any given trading day.

Any action can break this list from time to time (for example, when there is new business news). However, stocks tend to find their way onto this list on a consistent basis, which is worth watching. This is because this listing indicates that there is pressure among investors to buy or sell the stock. And that makes the decision of an investor very simple.

And that’s why we created this special presentation. The stocks on this list are some of the most actively traded stocks on the market today. They also share a similar quality. They are coming off a good year in 2020 and seem to be showing some consolidation for another head start.

Check out the “7 stocks that still have potential investors can buy”.


Source link

About Marion Alexander

Check Also

Don’t wait for Biden’s antitrust revolution

On July 9, President Joe Biden issued an executive order promoting competition in the US …

Leave a Reply

Your email address will not be published. Required fields are marked *