The Cooper Companies (NYSE:COO) had its price objective hoisted by analysts at KeyCorp from $429.00 to $444.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an "overweight" rating on the medical device company's stock. KeyCorp's price target suggests a potential upside of 7.75% from the stock's previous close.
Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded The Cooper Companies from a "hold" rating to a "buy" rating and set a $403.00 price target on the stock in a report on Friday, February 5th. Piper Sandler boosted their target price on The Cooper Companies from $370.00 to $435.00 and gave the stock an "overweight" rating in a research note on Thursday, February 11th. Robert W. Baird boosted their target price on The Cooper Companies from $351.00 to $384.00 and gave the stock a "neutral" rating in a research note on Thursday, March 11th. Raymond James boosted their target price on The Cooper Companies from $375.00 to $415.00 and gave the stock an "outperform" rating in a research note on Thursday, March 11th. Finally, Jefferies Financial Group boosted their target price on The Cooper Companies from $425.00 to $435.00 and gave the stock a "buy" rating in a research note on Thursday, March 11th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. The Cooper Companies currently has an average rating of "Buy" and a consensus price target of $386.85.
Shares of NYSE:COO opened at $412.07 on Tuesday. The Cooper Companies has a 12-month low of $268.92 and a 12-month high of $415.96. The business's fifty day simple moving average is $392.13 and its 200-day simple moving average is $367.77. The company has a market capitalization of $20.25 billion, a PE ratio of 85.67, a P/E/G ratio of 2.74 and a beta of 0.82. The company has a current ratio of 1.27, a quick ratio of 0.70 and a debt-to-equity ratio of 0.36.
The Cooper Companies (NYSE:COO) last announced its quarterly earnings results on Wednesday, March 3rd. The medical device company reported $3.17 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $2.78 by $0.39. The Cooper Companies had a return on equity of 12.79% and a net margin of 9.81%. The business had revenue of $680.50 million for the quarter, compared to the consensus estimate of $660.67 million. During the same period last year, the business posted $2.69 EPS. The business's revenue was up 5.3% compared to the same quarter last year. Research analysts predict that The Cooper Companies will post 12.53 EPS for the current year.
In other news, SVP Agostino Ricupati sold 2,643 shares of the business's stock in a transaction dated Thursday, April 15th. The stock was sold at an average price of $397.92, for a total value of $1,051,702.56. Following the completion of the transaction, the senior vice president now owns 2,709 shares of the company's stock, valued at approximately $1,077,965.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Albert G. White III sold 79,745 shares of the company's stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $388.62, for a total value of $30,990,501.90. Following the completion of the transaction, the chief executive officer now directly owns 48,967 shares of the company's stock, valued at approximately $19,029,555.54. The disclosure for this sale can be found here. Insiders own 1.40% of the company's stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JJJ Advisors Inc. raised its holdings in The Cooper Companies by 294.1% in the 1st quarter. JJJ Advisors Inc. now owns 67 shares of the medical device company's stock worth $26,000 after purchasing an additional 50 shares during the period. TRU Independence Asset Management 2 LLC acquired a new position in The Cooper Companies in the 4th quarter worth about $27,000. Encompass Wealth Advisors LLC acquired a new position in The Cooper Companies in the 4th quarter worth about $27,000. Exchange Traded Concepts LLC raised its holdings in The Cooper Companies by 361.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 83 shares of the medical device company's stock worth $30,000 after purchasing an additional 65 shares during the period. Finally, HM Payson & Co. acquired a new position in The Cooper Companies in the 4th quarter worth about $35,000. 95.76% of the stock is owned by institutional investors.
The Cooper Companies Company Profile
The Cooper Companies, Inc operates as a medical device company worldwide. It operates through two segments, CooperVision and CooperSurgical. The company develops, manufactures, and markets a range of contact lenses, including spherical lenses, and toric and multifocal lenses that correct near- and farsightedness, as well as addresses various complex visual defects, such as astigmatism and presbyopia.
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