The Cooper Companies Given Neutral Rating at Zacks (COO)
The Cooper Companies (NYSE:COO)‘s stock had its “neutral” rating restated by Zacks in a research note issued to investors on Wednesday. They currently have a $154.00 target price on the stock. Zacks‘s target price would suggest a potential upside of 4.80% from the company’s current price.
Zacks’ analyst wrote, “The Cooper Companies’ fiscal 2014-second quarter earnings rose 9.3% to $1.64 and topped the Zacks Consensus Estimate by $0.03. Its revenues of $412.3 million grew 7.4% and were in line with the benchmark. We are encouraged by the company’s upgraded earnings guidance and stable revenues outlook for fiscal 2014. The contact lens unit is growing at above-market growth rates. Cooper has significant market share in high growth specialty lenses. However, markets in Europe are weak and discretionary spending is still weak. Near term issues emanating from a weak economy, such as lower purchase sizes plague the company. We maintain our recommendation on Cooper at Neutral and set a target of $154.00.”
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of The Cooper Companies in a research note on Tuesday. They now have a $150.00 price target on the stock, down previously from $176.00. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The Cooper Companies presently has an average rating of “Hold” and a consensus price target of $140.67.
The Cooper Companies (NYSE:COO) traded down 0.30% during mid-day trading on Wednesday, hitting $146.51. 752,355 shares of the company’s stock traded hands. The Cooper Companies has a 52 week low of $116.95 and a 52 week high of $147.56. The stock’s 50-day moving average is $133.1 and its 200-day moving average is $129.8. The company has a market cap of $7.023 billion and a P/E ratio of 24.37.
The Cooper Companies (NYSE:COO) last released its earnings data on Thursday, June 5th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.50 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts expect that The Cooper Companies will post $6.88 EPS 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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