The Cooper Companies Receives Neutral Rating from Zacks (COO)
The Cooper Companies (NYSE:COO)‘s stock had its “neutral” rating reissued by Zacks in a research note issued on Wednesday. They currently have a $171.00 price target on the stock. Zacks‘s price target points to a potential upside of 5.15% from the stock’s previous close.
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 $171.00.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus raised their price target on shares of The Cooper Companies from $150.00 to $180.00 in a research note on Friday, August 15th. They now have a “buy” rating on the stock. Separately, 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. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of The Cooper Companies in a research note on Friday, June 6th. They now have a $150.00 price target on the stock, up previously from $140.00. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The Cooper Companies has an average rating of “Hold” and an average price target of $148.50.
Shares of The Cooper Companies (NYSE:COO) traded up 0.34% on Wednesday, hitting $163.18. 118,703 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 $163.90. The stock has a 50-day moving average of $156. and a 200-day moving average of $138.. The company has a market cap of $7.823 billion and a P/E ratio of 26.97.
The Cooper Companies (NYSE:COO) last posted its quarterly earnings results 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 $6.89 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.
To view Zacks’ full report, visit Zacks’ official website.
Receive News & Ratings for The Cooper Companies Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Cooper Companies Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.