Coherent (COHR) – Investment Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Coherent (NASDAQ: COHR) in the last few weeks:

  • 2/8/2018 – Coherent was given a new $325.00 price target on by analysts at Barclays PLC. They now have an “overweight” rating on the stock.
  • 2/8/2018 – Coherent had its price target lowered by analysts at Stifel Nicolaus from $330.00 to $310.00. They now have a “buy” rating on the stock.
  • 2/8/2018 – Coherent had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $294.00 price target on the stock, down previously from $330.00. They wrote, “IPHI reported in-line 4Q17 results but provided 1Q18 guidance meaningfully below our and the Street’s estimates that were reduced just three weeks ago. While IPHI continues to see an inventory correction in the China coherent long-haul/ metro market, other recent market developments have led to newer headwinds in the near term. Management still expects to see a recovery in its TIA/driver business starting in 2Q18 and continuing throughout FY18, and new products ramps in 2H18 are expected to contribute to higher GMs and EPS growth. While we remain positive about IPHI’s long-term prospects, we lower our estimates and PT to $35 from $45 to reflect the lower revenue trough. We are aggressive buyers below $26.””
  • 1/26/2018 – Coherent was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/18/2018 – Coherent was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 1/10/2018 – Coherent was given a new $332.00 price target on by analysts at Barclays PLC. They now have a “buy” rating on the stock.
  • 1/10/2018 – Coherent was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $337.00 price target on the stock. According to Zacks, “Coherent, Inc. is an American company, designs, manufactures and markets laser systems and components, laser measurement and control products, optics, and laser accessories, which are used both in industry and scientific research. Their markets are the microelectronics industry (e.g., flat panel display manufacturing, integrated circuit packaging, and integrated circuit inspection), scientific research, OEM components, and materials processing (e.g., CO2 lasers for cutting metals). “
  • 1/9/2018 – Coherent was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Coherent, Inc. is an American company, designs, manufactures and markets laser systems and components, laser measurement and control products, optics, and laser accessories, which are used both in industry and scientific research. Their markets are the microelectronics industry (e.g., flat panel display manufacturing, integrated circuit packaging, and integrated circuit inspection), scientific research, OEM components, and materials processing (e.g., CO2 lasers for cutting metals). “

Coherent, Inc. (NASDAQ COHR) traded up $3.72 during midday trading on Monday, hitting $209.61. The stock had a trading volume of 1,205,500 shares, compared to its average volume of 666,039. The stock has a market capitalization of $5,200.00, a P/E ratio of 23.71 and a beta of 0.65. Coherent, Inc. has a 1-year low of $179.60 and a 1-year high of $329.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.08 and a current ratio of 3.18.

Coherent (NASDAQ:COHR) last released its earnings results on Wednesday, February 7th. The scientific and technical instruments company reported $3.54 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.02. The business had revenue of $477.60 million for the quarter, compared to the consensus estimate of $474.21 million. Coherent had a return on equity of 29.82% and a net margin of 11.79%. The business’s quarterly revenue was up 38.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.57 earnings per share. research analysts forecast that Coherent, Inc. will post 15.56 EPS for the current fiscal year.

In related news, EVP Paul F. Sechrist sold 1,002 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $288.88, for a total value of $289,457.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jay T. Flatley sold 5,500 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $305.80, for a total value of $1,681,900.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,069 shares of company stock worth $2,743,716. Company insiders own 0.97% of the company’s stock.

Coherent, Inc is a photonics manufacturer. The Company is engaged in designing, manufacturing, servicing and marketing of lasers and related accessories for a range of scientific, commercial and industrial applications. It operates through two segments: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC).

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