Cooper Companies, Inc. (The) (NYSE:COO)‘s stock had its “buy” rating reaffirmed by Robert W. Baird in a research report issued on Tuesday. They presently have a $273.00 target price on the medical device company’s stock. Robert W. Baird’s target price indicates a potential upside of 7.74% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Jefferies Group LLC reiterated a “buy” rating and issued a $250.00 price objective on shares of Cooper Companies, Inc. (The) in a report on Thursday, July 6th. Zacks Investment Research upgraded Cooper Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $270.00 price objective on the stock in a report on Tuesday, June 6th. Stifel Nicolaus boosted their price objective on Cooper Companies, Inc. (The) from $220.00 to $231.00 and gave the company a “buy” rating in a report on Friday, June 2nd. BMO Capital Markets reiterated a “buy” rating and issued a $255.00 price objective on shares of Cooper Companies, Inc. (The) in a report on Thursday, July 13th. Finally, BidaskClub downgraded Cooper Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $258.44.

Shares of Cooper Companies, Inc. (NYSE:COO) traded down 2.14% during trading on Tuesday, hitting $247.97. The stock had a trading volume of 511,047 shares. The stock has a market cap of $12.11 billion, a price-to-earnings ratio of 37.18 and a beta of 0.59. The company’s 50 day moving average price is $245.17 and its 200 day moving average price is $223.35. 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 data on Thursday, August 31st. The medical device company reported $2.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.58 by $0.06. The firm had revenue of $556.00 million for the quarter, compared to the consensus estimate of $552.32 million. Cooper Companies, Inc. (The) had a return on equity of 16.00% and a net margin of 16.45%. 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. Equities research analysts expect that Cooper Companies, Inc. will post $9.72 earnings per share for the current fiscal year.

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In other news, VP Randal Golden sold 1,621 shares of the stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $243.65, for a total value of $394,956.65. Following the transaction, the vice president now owns 1,731 shares in the company, valued at approximately $421,758.15. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Paul L. Remmell sold 9,294 shares of the stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $248.46, for a total value of $2,309,187.24. Following the completion of the transaction, the chief executive officer now owns 6,186 shares in the company, valued at approximately $1,536,973.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,015 shares of company stock worth $4,193,502. Company insiders own 1.60% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in COO. Advisory Services Network LLC increased its holdings in shares of Cooper Companies, Inc. (The) by 30.6% in the 2nd quarter. Advisory Services Network LLC now owns 457 shares of the medical device company’s stock valued at $109,000 after acquiring an additional 107 shares during the last quarter. YorkBridge Wealth Partners LLC increased its holdings in shares of Cooper Companies, Inc. (The) by 2.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 531 shares of the medical device company’s stock valued at $126,000 after acquiring an additional 11 shares during the last quarter. Archford Capital Strategies LLC increased its holdings in shares of Cooper Companies, Inc. (The) by 116.7% in the 1st quarter. Archford Capital Strategies LLC now owns 674 shares of the medical device company’s stock valued at $135,000 after acquiring an additional 363 shares during the last quarter. Acrospire Investment Management LLC increased its holdings in shares of Cooper Companies, Inc. (The) by 50.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 600 shares of the medical device company’s stock valued at $144,000 after acquiring an additional 200 shares during the last quarter. Finally, Penserra Capital Management LLC increased its holdings in shares of Cooper Companies, Inc. (The) by 9.5% in the 1st quarter. Penserra Capital Management LLC now owns 782 shares of the medical device company’s stock valued at $156,000 after acquiring an additional 68 shares during the last quarter. Institutional investors and hedge funds own 95.92% 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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