Cooper Companies, Inc. (The) (NYSE:COO) has been given an average recommendation of “Buy” by the twelve brokerages that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $244.63.

Several analysts have weighed in on the company. Oppenheimer Holdings, Inc. set a $225.00 price target on Cooper Companies, Inc. (The) and gave the company a “hold” rating in a report on Saturday, June 3rd. BidaskClub cut Cooper Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Robert W. Baird raised their price target on Cooper Companies, Inc. (The) from $239.00 to $251.00 and gave the company an “outperform” rating in a report on Thursday, July 6th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $206.00 price target (up previously from $200.00) on shares of Cooper Companies, Inc. (The) in a report on Monday, June 5th. Finally, Piper Jaffray Companies raised their price target on Cooper Companies, Inc. (The) to $265.00 and gave the company an “overweight” rating in a report on Wednesday, July 19th.

In related news, EVP Carol R. Kaufman sold 44,092 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $242.81, for a total transaction of $10,705,978.52. Following the transaction, the executive vice president now directly owns 60,419 shares of the company’s stock, valued at approximately $14,670,337.39. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Paul L. Remmell sold 9,294 shares of the firm’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $248.46, for a total value of $2,309,187.24. Following the transaction, the chief executive officer now directly owns 6,186 shares in the company, valued at $1,536,973.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,331 shares of company stock worth $16,400,454. 1.60% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC raised its position in Cooper Companies, Inc. (The) by 18.5% in the first quarter. YorkBridge Wealth Partners LLC now owns 520 shares of the medical device company’s stock valued at $105,000 after buying an additional 81 shares during the last quarter. Acrospire Investment Management LLC raised its position in Cooper Companies, Inc. (The) by 50.0% in the second quarter. Acrospire Investment Management LLC now owns 600 shares of the medical device company’s stock valued at $144,000 after buying an additional 200 shares during the last quarter. Archford Capital Strategies LLC raised its position in Cooper Companies, Inc. (The) by 116.7% in the first quarter. Archford Capital Strategies LLC now owns 674 shares of the medical device company’s stock valued at $135,000 after buying an additional 363 shares during the last quarter. Penserra Capital Management LLC raised its position in Cooper Companies, Inc. (The) by 9.5% in the first quarter. Penserra Capital Management LLC now owns 782 shares of the medical device company’s stock valued at $156,000 after buying an additional 68 shares during the last quarter. Finally, Visionary Asset Management Inc. bought a new position in Cooper Companies, Inc. (The) during the second quarter valued at about $201,000. 99.97% of the stock is currently owned by institutional investors.

Cooper Companies, Inc. (COO) traded up 0.39% on Friday, reaching $240.92. The company’s stock had a trading volume of 286,217 shares. The firm has a market cap of $11.77 billion, a PE ratio of 36.12 and a beta of 0.61. The stock’s 50 day moving average price is $245.14 and its 200 day moving average price is $214.89. Cooper Companies, Inc. has a 52-week low of $158.73 and a 52-week high of $256.39.

Cooper Companies, Inc. (The) (NYSE:COO) last released its quarterly earnings results on Thursday, June 1st. The medical device company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.25. Cooper Companies, Inc. (The) had a return on equity of 15.88% and a net margin of 16.02%. The firm had revenue of $522.40 million for the quarter, compared to analysts’ expectations of $520.71 million. During the same quarter last year, the firm posted $2.05 EPS. The company’s revenue was up 8.0% compared to the same quarter last year. Equities research analysts expect that Cooper Companies, Inc. will post $9.63 earnings per share for the current fiscal year.

The company also recently disclosed a semiannual dividend, which was paid on Monday, August 7th. Investors of record on Friday, July 21st were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a dividend yield of 0.02%. Cooper Companies, Inc. (The)’s dividend payout ratio is 0.90%.

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Cooper Companies, Inc. (The) Company Profile

The Cooper Companies, Inc is a global medical device company. The Company operates through two business units: CooperVision, Inc and CooperSurgical, Inc CooperVision offers soft contact lenses for the vision correction market. CooperVision develops, manufactures and markets a range of single-use, two-week and monthly contact lenses.

Analyst Recommendations for Cooper Companies, Inc. (The) (NYSE:COO)

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