Coherent (COHR) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coherent in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Coherent stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in COHR, but not buy additional shares or sell existing shares.
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3 analysts have issued 1 year target prices for Coherent's stock. Their COHR stock forecasts range from $270.00 to $273.00. On average, they predict Coherent's stock price to reach $272.00 in the next twelve months. This suggests a possible upside of 2.2% from the stock's current price.
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Coherent is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022.
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Coherent, Inc. (NASDAQ:COHR) announced its earnings results on Wednesday, May, 11th. The scientific and technical instruments company reported $1.40 EPS for the quarter, missing analysts' consensus estimates of $1.78 by $0.38. The scientific and technical instruments company earned $370.20 million during the quarter, compared to the consensus estimate of $388.40 million. Coherent had a trailing twelve-month return on equity of 15.70% and a net margin of 7.47%.

25 employees have rated Coherent CEO Andy Mattes on Glassdoor.com. Andy Mattes has an approval rating of 100% among Coherent's employees. This puts Andy Mattes in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Coherent investors own include NVIDIA (NVDA), Alibaba Group (BABA), Lam Research (LRCX), Applied Materials (AMAT), Broadcom (AVGO), Micron Technology (MU), Universal Display (OLED), Adobe (ADBE), PayPal (PYPL) and Alphabet (GOOG).

Coherent trades on the NASDAQ under the ticker symbol "COHR."

Coherent's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Versor Investments LP (1.10%), Bank of Nova Scotia (0.93%), National Bank of Canada FI (0.86%), Syquant Capital Sas (0.20%), Retirement Systems of Alabama (0.13%) and Mint Tower Capital Management B.V. (0.07%). Company insiders that own Coherent stock include Mark Stewart Sobey, Pamela Fletcher and Stephen A Skaggs.
View institutional ownership trends for Coherent.

One share of COHR stock can currently be purchased for approximately $266.22.

Coherent (NASDAQ:COHR) has a market capitalization of $6.61 billion and generates $1.49 billion in revenue each year. The scientific and technical instruments company earns $-106,750,000.00 in net income (profit) each year or $4.63 on an earnings per share basis.

Coherent employs 5,085 workers across the globe.

Coherent was founded in 1966.

Coherent's mailing address is 5100 Patrick Henry Drive, Santa Clara CA, 95054. The official website for Coherent is www.coherent.com. The scientific and technical instruments company can be reached via phone at (408) 764-4000, via email at investor.relations@coherent.com, or via fax at 408-764-4800.