The Cooper Companies Sets New 12-Month High on Analyst Upgrade (COO)
The Cooper Companies (NYSE:COO) shares reached a new 52-week high on Monday after Stifel Nicolaus raised their price target on the stock from $150.00 to $180.00, Analyst RN reports. Stifel Nicolaus currently has a buy rating on the stock. The Cooper Companies traded as high as $163.57 and last traded at $162.99, with a volume of 98,453 shares traded. The stock had previously closed at $160.65.
COO has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of The Cooper Companies in a research note on Tuesday, July 1st. They now have a $150.00 price target on the stock, down previously from $176.00. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The Cooper Companies currently has an average rating of “Hold” and a consensus target price of $144.00.
The stock’s 50-day moving average is $153.7 and its 200-day moving average is $136.5. The company has a market cap of $7.798 billion and a P/E ratio of 26.65.
The Cooper Companies (NYSE:COO) last posted its quarterly earnings results on Thursday, June 5th. The company reported $1.64 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.50 earnings per share. The Cooper Companies’s revenue was up 7.4% compared to the same quarter last year. On average, analysts predict that The Cooper Companies will post $6.89 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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