The Cooper Companies Given Average Recommendation of “Hold” by Analysts (NYSE:COO)
The Cooper Companies (NYSE:COO) has received a consensus recommendation of “Hold” from the nine analysts that are covering the stock, StockRatingsNetwork reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $137.83.
COO has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of The Cooper Companies in a research note on Friday. They now have a $150.00 price target on the stock, up previously from $140.00. Separately, analysts at KeyCorp initiated coverage on shares of The Cooper Companies in a research note on Wednesday, April 9th. They set a “hold” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of The Cooper Companies in a research note on Wednesday, April 9th. They now have a $137.00 price target on the stock.
Shares of The Cooper Companies (NYSE:COO) traded down 1.74% during mid-day trading on Monday, hitting $131.04. 339,859 shares of the company’s stock traded hands. The Cooper Companies has a 52 week low of $116.27 and a 52 week high of $145.34. The stock’s 50-day moving average is $131.3 and its 200-day moving average is $129.0. The company has a market cap of $6.389 billion and a price-to-earnings ratio of 22.12.
The Cooper Companies (NYSE:COO) last posted its quarterly earnings results on Thursday, June 5th. The company reported $1.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.60 by $0.04. The company had revenue of $412.30 million for the quarter, compared to the consensus estimate of $411.41 million. During the same quarter in the prior year, the company posted $1.50 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. On average, analysts predict that The Cooper Companies will post $6.88 earnings per share for the current fiscal year.
The Cooper Companies, Inc is a global medical device company. The Company operates through two business units, CooperVision, Inc and CooperSurgical, Inc CooperVision is a global manufacturer providing products for contact lens wearers.
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