Cooper Companies Inc (COO) Receives Consensus Recommendation of “Buy” from Analysts
Cooper Companies Inc (NYSE:COO) has been given a consensus recommendation of “Buy” by the thirteen analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $307.90.
A number of research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Cooper Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th. Wells Fargo & Co lifted their price objective on shares of Cooper Companies from $305.00 to $325.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Stephens lifted their price objective on shares of Cooper Companies from $305.00 to $320.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Raymond James lifted their price objective on shares of Cooper Companies from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Finally, Jefferies Financial Group lifted their price objective on shares of Cooper Companies to $330.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th.
In other Cooper Companies news, insider Robert D. Auerbach sold 2,272 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $292.22, for a total transaction of $663,923.84. Following the sale, the insider now owns 2,538 shares of the company’s stock, valued at $741,654.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gary S. Petersmeyer sold 799 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $286.88, for a total transaction of $229,217.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,811 shares of company stock worth $1,107,763. Insiders own 1.70% of the company’s stock.
NYSE COO opened at $294.81 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.27 and a quick ratio of 0.75. Cooper Companies has a 1-year low of $216.47 and a 1-year high of $299.00. The company has a market capitalization of $14.42 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 2.27 and a beta of 0.88.
Cooper Companies (NYSE:COO) last announced its quarterly earnings data on Tuesday, March 5th. The medical device company reported $2.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.38. Cooper Companies had a net margin of 14.22% and a return on equity of 17.56%. On average, sell-side analysts anticipate that Cooper Companies will post 12.01 earnings per share for the current year.
About Cooper Companies
The Cooper Companies, Inc operates as a medical device company worldwide. It operates through CooperVision and CooperSurgical business units. The company develops, manufactures, and markets a range of contact lenses, including spherical lenses, and toric and multifocal lenses that correct near- and farsightedness, as well as addresses various complex visual defects, such as astigmatism and presbyopia.
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