Cooper Companies (NASDAQ:COO) Share Price Passes Above 200-Day Moving Average of $90.92

The Cooper Companies, Inc. (NASDAQ:COO) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $90.92 and traded as high as $92.19. Cooper Companies shares last traded at $90.53, with a volume of 1,183,083 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. KeyCorp initiated coverage on Cooper Companies in a research report on Tuesday, February 6th. They issued a “sector weight” rating for the company. JPMorgan Chase & Co. raised Cooper Companies from a “neutral” rating to an “overweight” rating and increased their price target for the company from $100.00 to $120.00 in a research note on Wednesday, March 13th. Piper Sandler upped their target price on shares of Cooper Companies from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. TheStreet cut Cooper Companies from a “b-” rating to a “c” rating in a research note on Thursday, February 29th. Finally, Mizuho increased their target price on Cooper Companies from $102.50 to $115.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $109.48.

Cooper Companies Stock Performance

The company has a quick ratio of 1.08, a current ratio of 1.86 and a debt-to-equity ratio of 0.35. The company has a market cap of $17.97 billion, a PE ratio of 61.82, a PEG ratio of 2.30 and a beta of 0.94. The company has a 50-day moving average of $97.82 and a 200-day moving average of $90.91.

Cooper Companies (NASDAQ:COO) last posted its earnings results on Thursday, February 29th. The medical device company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.07. Cooper Companies had a net margin of 7.93% and a return on equity of 8.79%. The firm had revenue of $931.60 million during the quarter, compared to the consensus estimate of $915.93 million. During the same quarter last year, the company earned $2.90 earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. As a group, analysts anticipate that The Cooper Companies, Inc. will post 3.5 earnings per share for the current year.

Insider Activity

In other Cooper Companies news, Director Gary S. Petersmeyer sold 1,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $103.51, for a total value of $103,510.00. Following the transaction, the director now owns 5,668 shares of the company’s stock, valued at $586,694.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Gary S. Petersmeyer sold 1,000 shares of Cooper Companies stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $103.51, for a total transaction of $103,510.00. Following the sale, the director now owns 5,668 shares of the company’s stock, valued at approximately $586,694.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Agostino Ricupati sold 54,724 shares of Cooper Companies stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $100.89, for a total transaction of $5,521,104.36. Following the sale, the chief accounting officer now owns 5,081 shares in the company, valued at approximately $512,622.09. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cooper Companies

Hedge funds have recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Cooper Companies during the 3rd quarter valued at about $26,000. KB Financial Partners LLC purchased a new stake in Cooper Companies during the 1st quarter valued at $34,000. Clear Street Markets LLC lifted its position in Cooper Companies by 93.9% in the first quarter. Clear Street Markets LLC now owns 95 shares of the medical device company’s stock worth $35,000 after buying an additional 46 shares during the last quarter. Blue Trust Inc. increased its position in Cooper Companies by 54.8% during the fourth quarter. Blue Trust Inc. now owns 96 shares of the medical device company’s stock valued at $36,000 after acquiring an additional 34 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in shares of Cooper Companies in the 1st quarter worth about $41,000. 24.39% of the stock is currently owned by hedge funds and other institutional investors.

Cooper Companies Company Profile

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.