Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Coherent (COHR) Share Price
News articles about Coherent (NASDAQ:COHR) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Coherent earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the scientific and technical instruments company an impact score of 45.7949656329851 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- ETFs with exposure to Coherent, Inc. : September 1, 2017 (finance.yahoo.com)
- Coherent, Inc. (COHR) stock price of $233.32 – Stocks Gallery (stocksgallery.com)
- Coherent Inc (COHR) Moves 2.16% – Sparta Review (spartareview.com)
- Coherent, Inc. (NASDAQ:COHR) Traded Lower Than Its 50 Day Average – Modern Readers (modernreaders.com)
- Investor Notebook: Watching Shares of Coherent Inc (COHR) – Wall Street Review (thewallstreetreview.com)
Several equities analysts have recently commented on the company. ValuEngine lowered Coherent from a “buy” rating to a “hold” rating in a research note on Friday. Benchmark Co. restated a “buy” rating and set a $290.00 price target (down previously from $295.00) on shares of Coherent in a research note on Tuesday, August 8th. Zacks Investment Research lowered Coherent from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Barclays PLC assumed coverage on Coherent in a research note on Monday, August 7th. They set an “overweight” rating and a $285.00 price target on the stock. Finally, Susquehanna Bancshares Inc upgraded Coherent from a “neutral” rating to a “positive” rating and raised their price target for the company from $255.00 to $275.00 in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $268.88.
Shares of Coherent (NASDAQ:COHR) opened at 232.93 on Friday. The company’s 50-day moving average price is $238.44 and its 200-day moving average price is $223.54. Coherent has a 12 month low of $100.01 and a 12 month high of $278.39. The company has a market cap of $5.74 billion, a P/E ratio of 35.07 and a beta of 0.77.
Coherent (NASDAQ:COHR) last issued its quarterly earnings results on Tuesday, August 1st. The scientific and technical instruments company reported $3.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.45 by $0.09. Coherent had a return on equity of 24.98% and a net margin of 11.08%. The company had revenue of $464.10 million for the quarter, compared to analysts’ expectations of $466.90 million. During the same quarter last year, the company earned $1.07 EPS. Coherent’s revenue for the quarter was up 112.1% compared to the same quarter last year. Equities analysts forecast that Coherent will post $12.27 EPS for the current fiscal year.
In other news, Director Stephen A. Skaggs sold 500 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $217.58, for a total value of $108,790.00. Following the transaction, the director now owns 11,500 shares in the company, valued at approximately $2,502,170. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by corporate insiders.
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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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