Cooper Companies Inc (COO) Given Consensus Recommendation of “Hold” by Analysts
Cooper Companies Inc (NYSE:COO) has been given an average rating of “Hold” by the thirteen analysts that are presently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $268.63.
A number of research analysts have recently weighed in on COO shares. BMO Capital Markets raised their price objective on Cooper Companies from $280.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, August 31st. Zacks Investment Research upgraded Cooper Companies from a “hold” rating to a “buy” rating and set a $265.00 price objective for the company in a research report on Tuesday, May 22nd. ValuEngine upgraded Cooper Companies from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. Finally, Oppenheimer set a $270.00 price objective on Cooper Companies and gave the company a “hold” rating in a research report on Friday, August 31st.
In related news, Director Allan E. Rubenstein sold 1,500 shares of the stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $265.37, for a total value of $398,055.00. Following the completion of the transaction, the director now owns 3,068 shares of the company’s stock, valued at approximately $814,155.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gary S. Petersmeyer sold 430 shares of the stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of $234.33, for a total transaction of $100,761.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,005 shares of company stock valued at $20,492,936. 1.60% of the stock is owned by insiders.
COO stock traded down $2.40 during trading on Friday, reaching $262.92. The company’s stock had a trading volume of 235,471 shares, compared to its average volume of 323,574. Cooper Companies has a 1 year low of $216.47 and a 1 year high of $267.98. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.54 and a current ratio of 2.58. The firm has a market capitalization of $13.03 billion, a PE ratio of 27.11, a PEG ratio of 2.12 and a beta of 0.67.
Cooper Companies (NYSE:COO) last issued its quarterly earnings data on Thursday, August 30th. The medical device company reported $3.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.07 by ($0.07). The firm had revenue of $660.00 million for the quarter, compared to analysts’ expectations of $653.44 million. Cooper Companies had a net margin of 5.23% and a return on equity of 17.53%. sell-side analysts forecast that Cooper Companies will post 11.62 EPS for the current fiscal year.
About Cooper Companies
The Cooper Companies, Inc operates as a medical device company worldwide. It operates through CooperVision and CooperSurgical business units. The company develops, manufactures, and markets a range of contact lenses, including spherical lenses, and toric and multifocal lenses that correct near- and farsightedness, as well as addresses various complex visual defects, such as astigmatism and presbyopia.
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