Robert W. Baird Issues Pessimistic Forecast for Cooper Companies (NASDAQ:COO) Stock Price

Key Points

• Robert W. Baird has lowered its target price for Cooper Companies (NASDAQ:COO) from $97.00 to $85.00, indicating a potential upside of 30.40% from the last close, while maintaining an "outperform" rating.
• Multiple brokerages have revised their price targets for COO; Wells Fargo cut it to $72.00, while Needham & Company maintains a buy rating with a $94.00 target.
• Cooper Companies reported $1.10 EPS for the last quarter, exceeding estimates, and has set guidance for fiscal year 2025 at 4.080-4.120 EPS.

Cooper Companies (NASDAQ:COO - Get Free Report) had its target price decreased by stock analysts at Robert W. Baird from $97.00 to $85.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the medical device company's stock. Robert W. Baird's price objective would suggest a potential upside of 30.40% from the stock's previous close.

Several other brokerages have also issued reports on COO. Wells Fargo & Company decreased their price target on shares of Cooper Companies from $93.00 to $72.00 and set an "overweight" rating for the company in a research note on Thursday. Needham & Company LLC restated a "buy" rating and set a $94.00 price target on shares of Cooper Companies in a research note on Thursday. BNP Paribas upgraded shares of Cooper Companies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 22nd. Wall Street Zen lowered shares of Cooper Companies from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Mizuho decreased their price target on shares of Cooper Companies from $105.00 to $90.00 and set an "outperform" rating for the company in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $87.55.

Cooper Companies Stock Performance

Shares of Cooper Companies stock traded down $8.93 during mid-day trading on Thursday, hitting $65.18. 7,426,331 shares of the stock were exchanged, compared to its average volume of 2,208,074. The company has a 50-day simple moving average of $72.44 and a 200 day simple moving average of $77.88. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.23 and a current ratio of 2.10. Cooper Companies has a 12 month low of $61.78 and a 12 month high of $112.38. The company has a market capitalization of $13.04 billion, a P/E ratio of 31.62, a P/E/G ratio of 1.80 and a beta of 1.00.

Cooper Companies (NASDAQ:COO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The medical device company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.03. Cooper Companies had a net margin of 10.39% and a return on equity of 9.60%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the business posted $0.96 EPS. Cooper Companies's quarterly revenue was up 5.7% compared to the same quarter last year. Cooper Companies has set its Q4 2025 guidance at 1.100-1.140 EPS. FY 2025 guidance at 4.080-4.120 EPS. Sell-side analysts anticipate that Cooper Companies will post 3.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Orion Porfolio Solutions LLC grew its stake in Cooper Companies by 840.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 96,592 shares of the medical device company's stock valued at $6,873,000 after buying an additional 86,322 shares in the last quarter. Squarepoint Ops LLC grew its position in shares of Cooper Companies by 116.5% during the 2nd quarter. Squarepoint Ops LLC now owns 42,134 shares of the medical device company's stock valued at $2,998,000 after purchasing an additional 22,676 shares in the last quarter. State of Wyoming purchased a new position in shares of Cooper Companies during the 2nd quarter valued at $220,000. Westwood Holdings Group Inc. grew its position in shares of Cooper Companies by 23.4% during the 2nd quarter. Westwood Holdings Group Inc. now owns 311,745 shares of the medical device company's stock valued at $22,184,000 after purchasing an additional 59,190 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Cooper Companies during the 2nd quarter valued at $36,000. 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.

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