Cooper Companies (NASDAQ:COO) Sets New 52-Week Low Following Analyst Downgrade

Key Points

• Cooper Companies' stock reached a new 52-week low of $61.78 after Stifel Nicolaus downgraded its price target from $90 to $85, while maintaining a buy rating on the stock.
• Multiple analysts have issued mixed ratings, with an average consensus target price of $92.55, reflecting a range of opinions from "Strong Buy" to "Neutral."
• The company reported a 5.7% increase in year-over-year revenue, totaling $1.06 billion, and exceeded earnings estimates with an EPS of $1.10 for the last quarter.

The Cooper Companies, Inc. (NASDAQ:COO - Get Free Report) reached a new 52-week low during trading on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from $76.00 to $66.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Cooper Companies traded as low as $61.78 and last traded at $64.23, with a volume of 2515576 shares changing hands. The stock had previously closed at $74.11.

A number of other research firms also recently issued reports on COO. Wall Street Zen downgraded Cooper Companies from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Mizuho reduced their price target on Cooper Companies from $105.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, July 16th. Morgan Stanley set a $76.00 price target on Cooper Companies and gave the company an "equal weight" rating in a research report on Thursday, August 28th. BNP Paribas Exane raised Cooper Companies from a "neutral" rating to an "outperform" rating and set a $92.00 price target for the company in a research report on Tuesday, July 22nd. Finally, Piper Sandler reduced their price target on Cooper Companies from $105.00 to $83.00 and set an "overweight" rating for the company in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Cooper Companies currently has an average rating of "Moderate Buy" and an average price target of $86.64.

Institutional Trading of Cooper Companies

Hedge funds have recently made changes to their positions in the business. Zions Bancorporation National Association UT acquired a new stake in shares of Cooper Companies in the first quarter valued at approximately $33,000. City Holding Co. acquired a new stake in shares of Cooper Companies in the first quarter valued at approximately $34,000. J.Safra Asset Management Corp lifted its position in shares of Cooper Companies by 204.8% in the second quarter. J.Safra Asset Management Corp now owns 506 shares of the medical device company's stock valued at $36,000 after buying an additional 340 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Cooper Companies in the second quarter valued at approximately $36,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of Cooper Companies in the first quarter valued at approximately $40,000. 24.39% of the stock is owned by institutional investors and hedge funds.

Cooper Companies Stock Performance

The firm has a market capitalization of $12.97 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 1.63 and a beta of 0.97. The company has a fifty day moving average of $72.25 and a two-hundred day moving average of $77.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.24 and a current ratio of 2.12.

Cooper Companies (NASDAQ:COO - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The medical device company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.03. The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.06 billion. Cooper Companies had a return on equity of 9.82% and a net margin of 10.08%.The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $0.96 EPS. Cooper Companies has set its Q4 2025 guidance at 1.100-1.140 EPS. FY 2025 guidance at 4.080-4.120 EPS. As a group, equities research analysts predict that The Cooper Companies, Inc. will post 3.98 earnings per share for the current fiscal 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.