Cooper Companies (NASDAQ:COO) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Cooper Companies shares crossed above their 200-day moving average, trading as high as $76.14 and last at $75.10, versus the moving average of $71.22.
• Analyst sentiment is mixed: the consensus rating is “Hold” with an average price target of $81.64, while targets range from $66 to $86 and include both Buy and Sell ratings.
• The company exceeded quarterly expectations, reporting $1.21 EPS and $1.08 billion in revenue, with revenue up 7.9% year over year. Institutional investors own 24.39% of the stock.

The Cooper Companies, Inc. (NASDAQ:COO - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $71.22 and traded as high as $76.14. Cooper Companies shares last traded at $75.10, with a volume of 1,928,063 shares traded.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on COO. Mizuho set a $85.00 price objective on shares of Cooper Companies and gave the company an "outperform" rating in a research note on Thursday, June 4th. Wells Fargo & Company restated a "sell" rating and set a $66.00 target price (down from $82.00) on shares of Cooper Companies in a report on Friday, June 5th. Piper Sandler set a $86.00 price target on Cooper Companies and gave the company an "overweight" rating in a research report on Monday, June 1st. Robert W. Baird cut their price target on Cooper Companies from $98.00 to $85.00 and set an "outperform" rating for the company in a report on Friday, June 5th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Cooper Companies in a research report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $81.64.

Cooper Companies Price Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 1.27 and a quick ratio of 0.78. The stock's fifty day moving average is $71.27 and its 200-day moving average is $71.22. The stock has a market cap of $14.65 billion, a PE ratio of 63.64, a price-to-earnings-growth ratio of 1.99 and a beta of 0.83.

Cooper Companies (NASDAQ:COO - Get Free Report) last released its quarterly earnings data on Thursday, June 4th. The medical device company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.11. The firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.05 billion. Cooper Companies had a net margin of 5.57% and a return on equity of 10.88%. Cooper Companies's revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business earned $0.96 earnings per share. Cooper Companies has set its FY 2026 guidance at 4.580-4.660 EPS. As a group, equities analysts anticipate that The Cooper Companies, Inc. will post 4.63 EPS for the current year.

Institutional Investors Weigh In On Cooper Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Heartland Advisors Inc. purchased a new stake in Cooper Companies in the 4th quarter valued at about $15,348,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Cooper Companies by 6.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 421,948 shares of the medical device company's stock worth $34,224,000 after buying an additional 23,896 shares during the period. Swedbank AB boosted its stake in Cooper Companies by 18.8% during the fourth quarter. Swedbank AB now owns 1,074,029 shares of the medical device company's stock worth $88,027,000 after buying an additional 170,000 shares during the period. Capital International Inc. CA increased its position in shares of Cooper Companies by 22.9% during the fourth quarter. Capital International Inc. CA now owns 118,210 shares of the medical device company's stock valued at $9,688,000 after acquiring an additional 22,054 shares during the last quarter. Finally, River Road Asset Management LLC increased its position in shares of Cooper Companies by 1.0% during the fourth quarter. River Road Asset Management LLC now owns 1,582,867 shares of the medical device company's stock valued at $129,732,000 after acquiring an additional 16,103 shares during the last quarter. Institutional investors and hedge funds own 24.39% of the company's stock.

About Cooper Companies

Cooper Companies, Inc NASDAQ: COO is a global medical device company headquartered in San Ramon, California. Founded in 1958, the company has grown through strategic acquisitions and organic development to become a major provider of vision care and women's health products. Cooper Companies operates through two primary business segments—CooperVision and CooperSurgical—each serving specialized markets within the healthcare industry.

The CooperVision segment develops, manufactures and markets a broad range of soft contact lenses, as well as related accessories.

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