The Cooper Companies, Inc. (NASDAQ:COO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of The Cooper Companies, Inc. (NASDAQ:COO) have received an average rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $110.25.

Several research analysts have recently weighed in on COO shares. Citigroup cut their price target on Cooper Companies from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, March 7th. JPMorgan Chase & Co. cut their price target on Cooper Companies from $120.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Piper Sandler reiterated an “overweight” rating and set a $115.00 price target (down previously from $120.00) on shares of Cooper Companies in a research note on Friday, March 7th. Needham & Company LLC reiterated a “hold” rating on shares of Cooper Companies in a research note on Friday, March 7th. Finally, BNP Paribas upgraded Cooper Companies to a “hold” rating in a research note on Thursday, March 13th.

Institutional Trading of Cooper Companies

Institutional investors have recently added to or reduced their stakes in the stock. Byrne Asset Management LLC purchased a new stake in Cooper Companies during the 4th quarter worth about $33,000. Zions Bancorporation National Association UT purchased a new stake in Cooper Companies during the 1st quarter worth about $33,000. OFI Invest Asset Management purchased a new stake in Cooper Companies during the 4th quarter worth about $34,000. City Holding Co. purchased a new stake in shares of Cooper Companies in the 1st quarter valued at about $34,000. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Cooper Companies in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Cooper Companies Stock Down 0.5%

Shares of NASDAQ:COO opened at $81.50 on Wednesday. The company has a market capitalization of $16.30 billion, a PE ratio of 41.80, a price-to-earnings-growth ratio of 2.25 and a beta of 1.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.91 and a quick ratio of 1.12. The business has a fifty day moving average price of $80.33 and a two-hundred day moving average price of $89.77. Cooper Companies has a 1 year low of $69.81 and a 1 year high of $112.38.

Cooper Companies (NASDAQ:COO) last posted its quarterly earnings results on Thursday, March 6th. The medical device company reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. The company had revenue of $964.70 million during the quarter, compared to the consensus estimate of $981.25 million. Cooper Companies had a return on equity of 9.38% and a net margin of 10.07%. Analysts forecast that Cooper Companies will post 3.98 earnings per share for the current year.

About Cooper Companies

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.