Coherent Inc. Hits New 52-Week High at $76.78 (COHR)
Shares of Coherent (NASDAQ:COHR) hit a new 52-week high during mid-day trading on Tuesday, AnalystRatingsNetwork.com reports. The stock traded as high as $76.78 and last traded at $75.89, with a volume of 173,456 shares trading hands. The stock had previously closed at $74.21.
COHR has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Coherent from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, January 7th. They now have a $75.30 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Coherent from $74.00 to $84.00 in a research note to investors on Monday, January 6th. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Coherent from $68.00 to $74.00 in a research note to investors on Friday, November 1st. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Coherent presently has a consensus rating of “Buy” and a consensus target price of $75.33.
Coherent has a 52 week low of $49.73 and a 52 week high of $75.84. The stock’s 50-day moving average is $72.27 and its 200-day moving average is $64.05. The company has a market cap of $1.883 billion and a price-to-earnings ratio of 27.49.
Coherent (NASDAQ:COHR) last announced its earnings results on Wednesday, October 30th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.16. The company had revenue of $213.10 million for the quarter, compared to the consensus estimate of $207.34 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. Analysts expect that Coherent will post $3.96 EPS for the current fiscal year.
Coherent, Inc (NASDAQ:COHR) is a suppliers of photonics-based solutions in a range of commercial and scientific research applications.
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