The Cooper Companies, Inc. (NASDAQ:COO) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• The Cooper Companies, Inc. (NASDAQ:COO) has received a consensus rating of "Moderate Buy" from analysts, with two hold recommendations, nine buys, and one strong buy.
• The company's stock has been assigned a 1-year price target of approximately $96.73 by brokers, with varying estimates including a target of $100.00 set by Loop Capital.
• In its latest earnings report, Cooper Companies exceeded expectations with an EPS of $0.96, outperforming the consensus estimate of $0.93, and recorded a revenue increase of 6.3% compared to the previous year.

The Cooper Companies, Inc. (NASDAQ:COO - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twelve analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $96.7273.

COO has been the subject of several recent analyst reports. Loop Capital set a $100.00 target price on Cooper Companies in a research report on Tuesday, June 17th. UBS Group raised shares of Cooper Companies to a "buy" rating in a research report on Tuesday, June 17th. BNP Paribas upgraded shares of Cooper Companies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company decreased their target price on shares of Cooper Companies from $118.00 to $93.00 and set an "overweight" rating for the company in a research note on Friday, May 30th. Finally, BNP Paribas Exane raised shares of Cooper Companies from a "neutral" rating to an "outperform" rating and set a $92.00 price target on the stock in a research note on Tuesday, July 22nd.

Cooper Companies Stock Up 3.0%

COO traded up $2.18 on Friday, reaching $75.22. The company's stock had a trading volume of 1,992,159 shares, compared to its average volume of 1,562,351. The stock has a market cap of $15.04 billion, a price-to-earnings ratio of 36.51, a price-to-earnings-growth ratio of 1.84 and a beta of 1.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.10 and a quick ratio of 1.23. Cooper Companies has a 1 year low of $65.00 and a 1 year high of $112.38. The business's 50 day moving average is $72.18 and its 200 day moving average is $78.20.

Cooper Companies (NASDAQ:COO - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The medical device company reported $0.96 EPS for the quarter, beating the consensus estimate 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 10.39% and a return on equity of 9.60%. The company's quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS. Cooper Companies has set its FY 2025 guidance at 4.050-4.110 EPS. As a group, research analysts forecast that Cooper Companies will post 3.98 EPS for the current fiscal year.

Institutional Trading of Cooper Companies

Hedge funds have recently added to or reduced their stakes in the business. Zions Bancorporation National Association UT acquired a new position in Cooper Companies during the first quarter worth $33,000. City Holding Co. bought a new stake in shares of Cooper Companies during the first quarter worth $34,000. J.Safra Asset Management Corp raised its holdings 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 position in Cooper Companies during the 2nd quarter worth about $36,000. Finally, GKV Capital Management Co. Inc. bought a new stake in Cooper Companies during the 1st quarter worth about $40,000. Institutional investors own 24.39% of the company's stock.

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.