Media headlines about Coherent (NASDAQ:COHR) have trended somewhat positive on Sunday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Coherent earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media headlines about the scientific and technical instruments company an impact score of 46.0564882160234 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Coherent, Inc. (COHR) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com)
- Contrasting Coherent (COHR) & Arrow Electronics (ARW) (americanbankingnews.com)
- Head to Head Contrast: Coherent (COHR) & Its Competitors (americanbankingnews.com)
- ETFs with exposure to Coherent, Inc. : October 3, 2017 (finance.yahoo.com)
A number of research analysts have recently issued reports on COHR shares. BidaskClub upgraded shares of Coherent from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Longbow Research reiterated a “buy” rating and set a $325.00 price objective on shares of Coherent in a report on Wednesday, June 28th. Stifel Nicolaus reiterated a “buy” rating and set a $290.00 price objective (up from $270.00) on shares of Coherent in a report on Friday, June 30th. ValuEngine upgraded shares of Coherent from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $270.00 price objective (up from $265.00) on shares of Coherent in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $293.22.
Coherent (NASDAQ:COHR) opened at 245.09 on Friday. The company’s 50 day moving average is $239.03 and its 200-day moving average is $233.45. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 36.90 and a beta of 0.78. Coherent has a 52-week low of $100.01 and a 52-week high of $281.00.
Coherent (NASDAQ:COHR) last announced its quarterly earnings data on Tuesday, August 1st. The scientific and technical instruments company reported $3.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.45 by ($0.09). Coherent had a net margin of 11.08% and a return on equity of 24.98%. The firm had revenue of $464.10 million for the quarter, compared to analysts’ expectations of $466.90 million. During the same period last year, the company posted $1.07 earnings per share. The business’s revenue for the quarter was up 112.1% compared to the same quarter last year. Equities analysts anticipate that Coherent will post $12.27 EPS for the current fiscal year.
In related news, CEO John Ambroseo sold 25,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $250.00, for a total transaction of $6,250,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen A. Skaggs sold 500 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $217.58, for a total transaction of $108,790.00. Following the sale, the director now directly owns 11,500 shares in the company, valued at $2,502,170. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.
Coherent Company Profile
Coherent, Inc is a photonics manufacturer. The Company is engaged in designing, manufacturing, servicing and marketing of lasers and related accessories for a range of scientific, commercial and industrial applications. It operates through two segments: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC).
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