NASDAQ:COHR

Coherent Stock Forecast, Price & News

$197.01

+45.06 (+29.65 %)

(As of 01/19/2021 12:00 AM ET)

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Today's Range

$194.07

Now: $197.01▼

$213.05

50-Day Range

$120.09

MA: $145.36▼

$175.70

52-Week Range

$78.21

Now: $197.01▼

$213.05

Volume4.84 million shs

Average Volume666,395 shs

Market Capitalization$4.81 billion

P/E RatioN/A

Dividend YieldN/A

Beta1.54

Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial research applications. It operates in two segments, OEM Laser Sources and Industrial Lasers & Systems. The company designs, manufactures, markets, and services lasers, laser tools, precision optics, and related accessories; and laser measurement and control products. Its products are used for applications in microelectronics, materials processing, original equipment manufacturer components and instrumentation, and scientific research and government programs. The company markets its products through a direct sales force in the United States, as well as through direct sales personnel and independent representatives internationally. Coherent, Inc. was founded in 1966 and is headquartered in Santa Clara, California.

MarketRank^™

Overall MarketRank^™

1.46 out of 5 stars

1.2 Analyst's Opinion

Consensus Rating
Coherent has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 4 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $162.43, Coherent has a forecasted downside of 17.6% from its current price of $197.01.
Amount of Analyst Coverage
Coherent has only been the subject of 3 research reports in the past 90 days.

2.6 Community Rank

Outperform Votes
Coherent has received 496 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Coherent has received 455 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Coherent has received 52.16% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Coherent and other stocks. Vote “Outperform” if you believe COHR will outperform the S&P 500 over the long term. Vote “Underperform” if you believe COHR will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Coherent does not currently pay a dividend.
Dividend Growth
Coherent does not have a long track record of dividend growth.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Coherent insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $58,000.00 in company stock.
Percentage Held by Insiders
Only 0.62% of the stock of Coherent is held by insiders.
Percentage Held by Institutions
91.82% of the stock of Coherent is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Coherent are expected to grow by 111.31% in the coming year, from $3.27 to $6.91 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Coherent is -11.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Coherent is -11.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Coherent has a P/B Ratio of 5.15. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Analytical instruments

Sub-IndustryElectronic Equipment & Instruments

SectorComputer and Technology

Current SymbolNASDAQ:COHR

Previous Symbol

CUSIP19247910

CIK21510

Webwww.coherent.com

Phone408-764-4000

Employees4,875

Debt

Debt-to-Equity Ratio0.44

Current Ratio4.52

Quick Ratio2.93

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio60.25

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.23 billion

Price / Sales3.92

Cash Flow$24.47 per share

Price / Cash Flow8.05

Book Value$38.23 per share

Price / Book5.15

Profitability

EPS (Most Recent Fiscal Year)$1.44

Net Income$-414,140,000.00

Net Margins-33.70%

Return on Equity3.41%

Return on Assets1.81%

Miscellaneous

Outstanding Shares24,439,000

Market Cap$4.81 billion

Next Earnings Date2/3/2021 (Estimated)

OptionableOptionable

$197.01

+45.06 (+29.65 %)

(As of 01/19/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Coherent (NASDAQ:COHR) Frequently Asked Questions

How has Coherent's stock been impacted by COVID-19?

Coherent's stock was trading at $116.87 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, COHR stock has increased by 68.6% and is now trading at $197.01.
View which stocks have been most impacted by COVID-19.

Is Coherent a buy right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Coherent in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research 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.
View analyst ratings for Coherent or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Coherent?

Wall Street analysts have given Coherent a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Coherent wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Coherent's next earnings date?

Coherent is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Coherent.

How were Coherent's earnings last quarter?

Coherent, Inc. (NASDAQ:COHR) announced its quarterly earnings data on Tuesday, November, 10th. The scientific and technical instruments company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.80 by $0.21. The scientific and technical instruments company had revenue of $316.75 million for the quarter, compared to analyst estimates of $310.04 million. Coherent had a negative net margin of 33.70% and a positive return on equity of 3.41%. The company's revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 EPS.
View Coherent's earnings history.

What guidance has Coherent issued on next quarter's earnings?

Coherent issued an update on its first quarter 2021 Pre-Market earnings guidance on Tuesday, January, 19th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $325-327 million, compared to the consensus revenue estimate of $313.09 million.

What price target have analysts set for COHR?

9 brokerages have issued 12-month target prices for Coherent's shares. Their forecasts range from $140.00 to $185.00. On average, they expect Coherent's share price to reach $162.43 in the next year. This suggests that the stock has a possible downside of 17.6%.
View analysts' price targets for Coherent or view Wall Street analyst' top-rated stocks.

Who are some of Coherent's key competitors?

Some companies that are related to Coherent include Cognex (CGNX), FLIR Systems (FLIR), National Instruments (NATI), Itron (ITRI), Badger Meter (BMI), OSI Systems (OSIS), Mesa Laboratories (MLAB), FARO Technologies (FARO), MTS Systems (MTSC), Vishay Precision Group (VPG) and Daktronics (DAKT).
View all of COHR's competitors.

What other stocks do shareholders of Coherent own?

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).

Who are Coherent's key executives?

Coherent's management team includes the following people:

Mr. Kevin S. Palatnik, Exec. VP & CFO (Age 62, Pay $495.58k)
Dr. Mark S. Sobey, Exec. VP & COO (Age 60, Pay $456.35k)
Mr. Bret M. DiMarco, Exec. VP, Gen. Counsel & Corp. Sec. (Age 52, Pay $409.23k)
Dr. John R. Ambroseo, Special Advisor (Age 59, Pay $831.35k)
Mr. Paul F. Sechrist, Advisor (Age 61, Pay $428.28k)
Mr. Andreas Walter Mattes, Pres, CEO & Director (Age 59)
Jeff Nolan, Director of Global Marketing Communications
Mr. David Nicholas Gee, Sr. VP & CMO (Age 53)

What is Coherent's stock symbol?

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

Who are Coherent's major shareholders?

Coherent's stock is owned by a number of institutional and retail investors. Top institutional investors include Boston Trust Walden Corp (0.45%), Westside Investment Management Inc. (0.04%), State of Alaska Department of Revenue (0.02%) and Crossmark Global Holdings Inc. (0.01%). Company insiders that own Coherent stock include Mark Stewart Sobey, Pamela Fletcher and Stephen A Skaggs.
View institutional ownership trends for Coherent.

Which major investors are selling Coherent stock?

COHR stock was sold by a variety of institutional investors in the last quarter, including Boston Trust Walden Corp, Crossmark Global Holdings Inc., Westside Investment Management Inc., and State of Alaska Department of Revenue. Company insiders that have sold Coherent company stock in the last year include Pamela Fletcher, and Stephen A Skaggs.
View insider buying and selling activity for Coherent or view top insider-selling stocks.

How do I buy shares of Coherent?

Shares of COHR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Coherent's stock price today?

One share of COHR stock can currently be purchased for approximately $197.01.

How big of a company is Coherent?

Coherent has a market capitalization of $4.81 billion and generates $1.23 billion in revenue each year. The scientific and technical instruments company earns $-414,140,000.00 in net income (profit) each year or $1.44 on an earnings per share basis. Coherent employs 4,875 workers across the globe.

What is Coherent's official website?

The official website for Coherent is www.coherent.com.

How can I contact Coherent?

Coherent's mailing address is 5100 Patrick Henry Drive, Santa Clara CA, 95054. The scientific and technical instruments company can be reached via phone at 408-764-4000 or via email at [email protected]

This page was last updated on 1/19/2021 by MarketBeat.com Staff

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