KeyCorp reissued their hold rating on shares of Cooper Companies, Inc. (The) (NYSE:COO) in a research note issued to investors on Monday.

A number of other brokerages also recently commented on COO. Oppenheimer Holdings, Inc. set a $225.00 target price on Cooper Companies, Inc. (The) and gave the stock a hold rating in a research note on Saturday, June 3rd. Jefferies Group LLC set a $250.00 target price on Cooper Companies, Inc. (The) and gave the stock a buy rating in a research note on Thursday, August 17th. Cleveland Research restated a buy rating on shares of Cooper Companies, Inc. (The) in a research note on Tuesday, August 22nd. Zacks Investment Research downgraded Cooper Companies, Inc. (The) from a buy rating to a hold rating in a research note on Monday, August 14th. Finally, Robert W. Baird restated a buy rating and issued a $251.00 target price on shares of Cooper Companies, Inc. (The) in a research note on Thursday, August 24th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Cooper Companies, Inc. (The) presently has a consensus rating of Buy and a consensus price target of $244.00.

Cooper Companies, Inc. (COO) opened at 250.83 on Monday. The company has a market cap of $12.25 billion, a P/E ratio of 37.61 and a beta of 0.61. The firm has a 50-day moving average price of $246.71 and a 200-day moving average price of $220.95. Cooper Companies, Inc. has a 12-month low of $158.73 and a 12-month high of $256.39.

Cooper Companies, Inc. (The) (NYSE:COO) last posted its quarterly earnings results on Thursday, August 31st. The medical device company reported $2.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.58 by $0.06. The business had revenue of $556 million for the quarter, compared to the consensus estimate of $552.32 million. Cooper Companies, Inc. (The) had a return on equity of 15.88% and a net margin of 16.02%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.30 EPS. On average, analysts forecast that Cooper Companies, Inc. will post $9.64 earnings per share for the current fiscal year.

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The company also recently announced a semiannual dividend, which was paid on Monday, August 7th. Shareholders of record on Friday, July 21st were issued a dividend of $0.03 per share. The ex-dividend date was Wednesday, July 19th. This represents a dividend yield of 0.02%. Cooper Companies, Inc. (The)’s payout ratio is currently 0.90%.

In other news, VP Randal Golden sold 1,621 shares of the company’s stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $243.65, for a total value of $394,956.65. Following the completion of the sale, the vice president now directly owns 1,731 shares in the company, valued at $421,758.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stanley Md Zinberg sold 816 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $243.14, for a total value of $198,402.24. The disclosure for this sale can be found here. Insiders sold 67,331 shares of company stock valued at $16,400,454 over the last 90 days. Company insiders own 1.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can raised its position in shares of Cooper Companies, Inc. (The) by 11.6% in the first quarter. Bank of Montreal Can now owns 32,885 shares of the medical device company’s stock valued at $6,573,000 after buying an additional 3,414 shares during the last quarter. Capstone Asset Management Co. acquired a new position in shares of Cooper Companies, Inc. (The) during the first quarter valued at $269,000. Mn Services Vermogensbeheer B.V. raised its position in shares of Cooper Companies, Inc. (The) by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,295 shares of the medical device company’s stock valued at $242,000 after buying an additional 55 shares during the last quarter. Korea Investment CORP acquired a new position in shares of Cooper Companies, Inc. (The) during the first quarter valued at $1,739,000. Finally, Profund Advisors LLC raised its position in shares of Cooper Companies, Inc. (The) by 9.1% in the first quarter. Profund Advisors LLC now owns 2,059 shares of the medical device company’s stock valued at $412,000 after buying an additional 171 shares during the last quarter. Institutional investors own 96.09% of the company’s stock.

About Cooper Companies, Inc. (The)

The Cooper Companies, Inc is a global medical device company. The Company operates through two business units: CooperVision, Inc and CooperSurgical, Inc CooperVision offers soft contact lenses for the vision correction market. CooperVision develops, manufactures and markets a range of single-use, two-week and monthly contact lenses.

Analyst Recommendations for Cooper Companies, Inc. (The) (NYSE:COO)

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