The Cooper Companies Given Average Recommendation of “Hold” by Brokerages (NYSE:COO)
The Cooper Companies (NYSE:COO) has earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the company, AR Network reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $152.29.
Shares of The Cooper Companies (NYSE:COO) opened at 163.03 on Thursday. The Cooper Companies has a 1-year low of $116.95 and a 1-year high of $164.48. The stock has a 50-day moving average of $158.4 and a 200-day moving average of $139.4. The company has a market cap of $7.815 billion and a price-to-earnings ratio of 27.03.
The Cooper Companies (NYSE:COO) last announced its 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. Analysts expect that The Cooper Companies will post $6.84 EPS for the current fiscal year.
COO has been the subject of a number of recent research reports. Analysts at Raymond James raised their price target on shares of The Cooper Companies from $160.00 to $175.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of The Cooper Companies in a research note on Wednesday, August 27th. They now have a $171.00 price target on the stock. Finally, 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.
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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