Coherent Price Target Increased to $75.00 by Analysts at B. Riley (COHR)
Analysts at B. Riley hoisted their price objective on shares of Coherent (NASDAQ:COHR) from $74.00 to $75.00 in a research report issued to clients and investors on Thursday, Stock Ratings News reports. B. Riley’s target price suggests a potential upside of 8.68% from the stock’s previous close.
A number of other firms have also recently commented on COHR. 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. Four investment analysts have rated the stock with a buy rating, Coherent currently has an average rating of “Buy” and an average price target of $75.26.
Coherent (NASDAQ:COHR) traded down 3.40% during mid-day trading on Thursday, hitting $69.01. 287,583 shares of the company’s stock traded hands. Coherent has a 1-year low of $49.73 and a 1-year high of $76.98. The stock has a 50-day moving average of $73.09 and a 200-day moving average of $64.62. The company has a market cap of $1.713 billion and a P/E ratio of 26.46.
Coherent (NASDAQ:COHR) last announced its earnings results on Wednesday, January 29th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by $0.13. The company had revenue of $193.56 million for the quarter, compared to the consensus estimate of $197.43 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts expect that Coherent will post $3.99 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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