The Cooper Companies Reaches New 52-Week High Following Analyst Upgrade (COO)
The Cooper Companies (NYSE:COO)’s share price reached a new 52-week high during trading on Thursday after Raymond James raised their price target on the stock from $160.00 to $175.00, AnalystRatings.NET reports. Raymond James currently has an outperform rating on the stock. The Cooper Companies traded as high as $164.17 and last traded at $163.59, with a volume of 161,397 shares traded. The stock had previously closed at $163.61.
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 investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The Cooper Companies currently has an average rating of “Hold” and a consensus price target of $152.29.
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 $7.835 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 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 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.
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