NASDAQ:COHRCoherent Stock Price, Forecast & News

Coherent's stock was trading at $116.87 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, COHR stock has increased by 25.8% and is now trading at $147.02. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coherent in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Coherent.

Coherent is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Coherent.

Coherent, Inc. (NASDAQ:COHR) posted its quarterly earnings data on Wednesday, May, 27th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.52 by $0.09. The scientific and technical instruments company earned $293.10 million during the quarter, compared to analyst estimates of $305.64 million. Coherent had a positive return on equity of 4.99% and a negative net margin of 32.25%. The firm's revenue was down 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.61 earnings per share. View Coherent's earnings history.

8 analysts have issued 1 year target prices for Coherent's stock. Their forecasts range from $130.00 to $205.00. On average, they anticipate Coherent's share price to reach $167.86 in the next year. This suggests a possible upside of 14.2% from the stock's current price. View analysts' price targets for Coherent.

Media headlines about COHR stock have trended very negative this week, InfoTrie reports. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Coherent earned a news sentiment score of -3.0 on InfoTrie's scale. They also assigned news articles about the scientific and technical instruments company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutCoherent.

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 competitors.

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), Adobe (ADBE), Universal Display (OLED), Paypal (PYPL) and Alphabet (GOOG).

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

Coherent's stock is owned by a number of institutional and retail investors. Top institutional investors include Wellington Management Group LLP (12.59%), BlackRock Inc. (9.14%), Victory Capital Management Inc. (5.88%), Waddell & Reed Financial Inc. (3.98%), Eagle Asset Management Inc. (3.79%) and Invesco Ltd. (3.22%). Company insiders that own Coherent stock include Mark Stewart Sobey, Pamela Fletcher and Stephen A Skaggs. View institutional ownership trends for Coherent.

COHR stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Pictet Asset Management Ltd., First Trust Advisors LP, BlackRock Inc., Eagle Asset Management Inc., NWQ Investment Management Company LLC, Carillon Tower Advisers Inc., and Balyasny Asset Management LLC. Company insiders that have sold Coherent company stock in the last year include Mark Stewart Sobey, and Stephen A Skaggs. View insider buying and selling activity for Coherent.

COHR stock was bought by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Channing Capital Management LLC, Waddell & Reed Financial Inc., Victory Capital Management Inc., Invesco Ltd., Global Alpha Capital Management Ltd., Robecosam AG, and New York State Common Retirement Fund. View insider buying and selling activity for Coherent.

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

One share of COHR stock can currently be purchased for approximately $147.02.

Coherent has a market capitalization of $3.57 billion and generates $1.43 billion in revenue each year. The scientific and technical instruments company earns $53.83 million in net income (profit) each year or $4.89 on an earnings per share basis. Coherent employs 5,184 workers across the globe.

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

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.