The Cooper Companies Price Target Increased to $175.00 by Analysts at Raymond James (COO)
Research analysts at Raymond James upped their price target on shares of The Cooper Companies (NYSE:COO) from $160.00 to $175.00 in a report released on Thursday. The firm currently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 6.96% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of The Cooper Companies in a research note on Wednesday. They now have a $171.00 price target on the stock. Separately, 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. Finally, 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The Cooper Companies presently has a consensus rating of “Hold” and an average target price of $152.29.
The Cooper Companies (NYSE:COO) opened at 163.61 on Thursday. The Cooper Companies has a 1-year low of $116.95 and a 1-year high of $163.90. The stock’s 50-day moving average is $157.3 and its 200-day moving average is $139.0. The company has a market cap of $7.843 billion and a P/E ratio of 27.14.
The Cooper Companies (NYSE:COO) last issued its quarterly 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. 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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