Brokerages Set The Cooper Companies, Inc. (NASDAQ:COO) Target Price at $100.38

Shares of The Cooper Companies, Inc. (NASDAQ:COOGet Free Report) have earned an average rating of “Moderate Buy” from the ten research firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $100.38.

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a $76.00 target price (down previously from $110.00) on shares of Cooper Companies in a report on Friday, May 30th. Piper Sandler restated an “overweight” rating and issued a $105.00 target price (down previously from $115.00) on shares of Cooper Companies in a report on Friday, May 30th. Wall Street Zen cut shares of Cooper Companies from a “buy” rating to a “hold” rating in a report on Saturday, June 7th. Needham & Company LLC restated a “hold” rating on shares of Cooper Companies in a report on Thursday, May 22nd. Finally, Wells Fargo & Company lowered their target price on shares of Cooper Companies from $118.00 to $93.00 and set an “overweight” rating for the company in a report on Friday, May 30th.

Read Our Latest Analysis on Cooper Companies

Cooper Companies Trading Down 1.7%

NASDAQ COO opened at $69.70 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.91 and a debt-to-equity ratio of 0.32. Cooper Companies has a 52 week low of $65.00 and a 52 week high of $112.38. The stock has a market capitalization of $13.94 billion, a PE ratio of 35.74, a price-to-earnings-growth ratio of 2.25 and a beta of 0.98. The firm has a 50 day moving average of $77.93 and a two-hundred day moving average of $86.25.

Cooper Companies (NASDAQ:COOGet Free Report) last posted its quarterly earnings results on Thursday, May 29th. The medical device company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. Cooper Companies had a net margin of 10.07% and a return on equity of 9.38%. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $995.12 million. During the same quarter in the previous year, the business posted $0.85 EPS. The firm’s revenue was up 6.3% on a year-over-year basis. As a group, research analysts expect that Cooper Companies will post 3.98 EPS for the current fiscal year.

Institutional Trading of Cooper Companies

A number of large investors have recently bought and sold shares of COO. Byrne Asset Management LLC acquired a new stake in Cooper Companies during the 4th quarter worth $33,000. Zions Bancorporation National Association UT purchased a new position in Cooper Companies during the 1st quarter worth $33,000. OFI Invest Asset Management purchased a new position in Cooper Companies during the 4th quarter worth $34,000. City Holding Co. purchased a new position in Cooper Companies during the 1st quarter worth $34,000. Finally, New Age Alpha Advisors LLC purchased a new position in Cooper Companies during the 4th quarter worth $38,000. Institutional investors and hedge funds own 24.39% of the company’s stock.

About Cooper Companies

(Get Free Report

The Cooper Companies, Inc, together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical. The CooperVision segment provides spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, and myopia in the Americas, Europe, Middle East, Africa, and Asia Pacific.

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Analyst Recommendations for Cooper Companies (NASDAQ:COO)

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