Insider Selling: Cooper Cos. Director Sells 17,500 Shares of Stock (COO)
Cooper Cos. (NYSE:COO) Director Steven Rosenberg sold 17,500 shares of Cooper Cos. stock on the open market in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $122.56, for a total transaction of $2,144,800.00. Following the transaction, the director now directly owns 13,144 shares in the company, valued at approximately $1,610,929. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Cooper Cos. (NYSE:COO) last issued its quarterly earnings data on Thursday, December 5th. The company reported $1.48 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.80 by $0.32. The company had revenue of $411.90 million for the quarter, compared to the consensus estimate of $421.58 million. During the same quarter in the prior year, the company posted $1.47 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. downgraded shares of Cooper Cos. from a “neutral” rating to a “sell” rating in a research note to investors on Tuesday. They now have a $116.00 price target on the stock, down previously from $128.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Cooper Cos. in a research note to investors on Thursday, November 28th. They now have a $138.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $131.57.
The Cooper Companies, Inc (NYSE:COO) is a global medical products company that serves the specialty healthcare market through its two business units, CooperVision, Inc (CVI) and CooperSurgical, Inc (CSI).
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