The Cooper Companies, Inc. (NYSE:COO) Receives Consensus Recommendation of “Buy” from Analysts

Shares of The Cooper Companies, Inc. (NYSE:COOGet Rating) have earned a consensus rating of “Buy” from the twelve analysts that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $467.00.

Several analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Cooper Companies in a research note on Thursday, March 31st. They set a “hold” rating for the company. Needham & Company LLC assumed coverage on shares of Cooper Companies in a research note on Friday, April 8th. They set a “hold” rating for the company. Piper Sandler boosted their target price on shares of Cooper Companies from $490.00 to $500.00 in a research note on Friday, March 4th. Stephens upped their price target on shares of Cooper Companies from $430.00 to $500.00 and gave the stock an “overweight” rating in a research report on Monday, March 7th. Finally, Citigroup upgraded shares of Cooper Companies from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $460.00 to $405.00 in a research report on Tuesday.

In other Cooper Companies news, Director Jody S. Lindell sold 700 shares of the company’s stock in a transaction on Monday, April 4th. The stock was sold at an average price of $421.04, for a total value of $294,728.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gary S. Petersmeyer sold 300 shares of Cooper Companies stock in a transaction that occurred on Monday, April 11th. The stock was sold at an average price of $410.55, for a total transaction of $123,165.00. The disclosure for this sale can be found here. Insiders sold a total of 19,646 shares of company stock worth $8,195,614 over the last quarter. Insiders own 1.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Riverview Trust Co purchased a new position in Cooper Companies during the 1st quarter worth approximately $29,000. Liberty Wealth Management LLC grew its position in Cooper Companies by 1,340.0% during the 3rd quarter. Liberty Wealth Management LLC now owns 72 shares of the medical device company’s stock worth $30,000 after purchasing an additional 67 shares in the last quarter. PrairieView Partners LLC purchased a new position in Cooper Companies during the 4th quarter worth approximately $33,000. O Shaughnessy Asset Management LLC grew its position in Cooper Companies by 66.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 85 shares of the medical device company’s stock worth $35,000 after purchasing an additional 34 shares in the last quarter. Finally, Trust Co. of Vermont purchased a new position in shares of Cooper Companies during the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 98.38% of the company’s stock.

Shares of NYSE:COO traded up $12.34 during midday trading on Tuesday, reaching $340.25. The company had a trading volume of 434,248 shares, compared to its average volume of 323,552. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.02 and a quick ratio of 0.67. The stock’s fifty day moving average price is $387.92 and its 200-day moving average price is $398.01. The stock has a market capitalization of $16.78 billion, a P/E ratio of 18.05, a PEG ratio of 2.12 and a beta of 0.90. Cooper Companies has a one year low of $309.43 and a one year high of $463.59.

Cooper Companies (NYSE:COOGet Rating) last issued its quarterly earnings results on Thursday, March 3rd. The medical device company reported $3.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.14. Cooper Companies had a net margin of 31.00% and a return on equity of 9.89%. The business had revenue of $787.20 million during the quarter, compared to analyst estimates of $739.30 million. During the same quarter in the previous year, the firm earned $3.17 earnings per share. The business’s revenue was up 15.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Cooper Companies will post 14.09 earnings per share for the current year.

Cooper Companies Company Profile (Get Rating)

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 offers spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, myopia, ocular dryness and eye fatigues in the Americas, Europe, Middle East, Africa, and Asia Pacific.

Further Reading

Analyst Recommendations for Cooper Companies (NYSE:COO)

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