Cooper Companies (NASDAQ:COO) Price Target Lowered to $97.00 at Robert W. Baird

Cooper Companies (NASDAQ:COO - Free Report) had its price objective cut by Robert W. Baird from $107.00 to $97.00 in a research note published on Friday morning,Benzinga reports. They currently have an outperform rating on the medical device company's stock.

A number of other research firms also recently issued reports on COO. BNP Paribas upgraded shares of Cooper Companies to a "hold" rating in a report on Thursday, March 13th. Piper Sandler restated an "overweight" rating and issued a $105.00 target price (down from $115.00) on shares of Cooper Companies in a report on Friday. Stifel Nicolaus lowered their target price on shares of Cooper Companies from $115.00 to $105.00 and set a "buy" rating for the company in a report on Friday, March 7th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $76.00 target price (down from $110.00) on shares of Cooper Companies in a report on Friday. Finally, Citigroup lowered their target price on shares of Cooper Companies from $115.00 to $110.00 and set a "buy" rating for the company in a report on Friday, March 7th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Cooper Companies currently has an average rating of "Moderate Buy" and an average target price of $100.38.

Cooper Companies Trading Down 13.8%

Shares of NASDAQ:COO traded down $11.02 during trading on Friday, reaching $68.94. The stock had a trading volume of 8,291,770 shares, compared to its average volume of 1,531,454. The business has a fifty day moving average price of $79.82 and a 200-day moving average price of $88.29. The company has a quick ratio of 1.12, a current ratio of 1.91 and a debt-to-equity ratio of 0.32. The stock has a market cap of $13.79 billion, a P/E ratio of 35.35, a PEG ratio of 2.25 and a beta of 1.08. Cooper Companies has a fifty-two week low of $65.95 and a fifty-two week high of $112.38.

Cooper Companies (NASDAQ:COO - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The medical device company reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $995.12 million. Cooper Companies had a net margin of 10.07% and a return on equity of 9.38%. The company's revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 earnings per share. As a group, analysts anticipate that Cooper Companies will post 3.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cooper Companies

Several institutional investors have recently bought and sold shares of COO. Byrne Asset Management LLC purchased a new stake in Cooper Companies during the fourth quarter worth approximately $33,000. Zions Bancorporation National Association UT purchased a new position in shares of Cooper Companies in the first quarter valued at $33,000. OFI Invest Asset Management purchased a new position in shares of Cooper Companies in the fourth quarter valued at $34,000. City Holding Co. purchased a new position in shares of Cooper Companies in the first quarter valued at $34,000. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Cooper Companies in the fourth quarter valued at $38,000. 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.