Cooper Companies (COO) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cooper Companies in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" COO shares.
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7 analysts have issued 1 year price targets for Cooper Companies' stock. Their COO share price forecasts range from $295.00 to $440.00. On average, they predict the company's share price to reach $400.56 in the next year. This suggests a possible upside of 18.9% from the stock's current price.
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Cooper Companies' stock was trading at $330.67 at the start of the year. Since then, COO shares have increased by 1.8% and is now trading at $336.76.
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Cooper Companies saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 699,600 shares, a decrease of 8.2% from the August 15th total of 761,800 shares. Based on an average daily trading volume, of 267,800 shares, the short-interest ratio is currently 2.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 14th 2023.
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The Cooper Companies, Inc. (NYSE:COO) announced its earnings results on Wednesday, August, 30th. The medical device company reported $3.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.34 by $0.01. The medical device company had revenue of $930.20 million for the quarter, compared to analyst estimates of $899.77 million. Cooper Companies had a net margin of 7.83% and a trailing twelve-month return on equity of 8.17%. The company's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company earned $3.19 EPS.
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Cooper Companies announced a quarterly dividend on Wednesday, July 12th. Investors of record on Thursday, July 27th will be paid a dividend of $0.03 per share on Friday, August 11th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend is Wednesday, July 26th.
Read our dividend analysis for COO.

ETFs with the largest weight of Cooper Companies (NYSE:COO) stock in their portfolio include Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), Motley Fool Mid-Cap Growth ETF (TMFM), BTD Capital Fund (DIP), Goldman Sachs Future Health Care Equity ETF (GDOC), BNY Mellon Women's Opportunities ETF (BKWO), Simplify Health Care ETF (PINK), Putnam Sustainable Future ETF (PFUT) and Nuveen ESG Mid-Cap Growth ETF (NUMG).

Cooper Companies (NYSE:COO) pays an annual dividend of $0.06 per share and currently has a dividend yield of 0.02%. The dividend payout ratio is 1.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, COO will have a dividend payout ratio of 0.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for COO.

Cooper Companies issued an update on its fourth quarter 2023 earnings guidance on Thursday, August, 31st. The company provided EPS guidance of $3.39-$3.57 for the period, compared to the consensus EPS estimate of $3.49. The company issued revenue guidance of $912.00 million-$929.00 million, compared to the consensus revenue estimate of $916.37 million.

8 employees have rated Cooper Companies Chief Executive Officer Robert S. Weiss on Glassdoor.com. Robert S. Weiss has an approval rating of 80% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cooper Companies investors own include Boeing (BA), AbbVie (ABBV), NVIDIA (NVDA), Netflix (NFLX), Johnson & Johnson (JNJ), Gilead Sciences (GILD), Intel (INTC), Alibaba Group (BABA), Intuitive Surgical (ISRG) and Mastercard (MA).

Cooper Companies trades on the New York Stock Exchange (NYSE) under the ticker symbol "COO."

Cooper Companies' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.84%), Veritas Asset Management LLP (4.60%), Veritas Asset Management LLP (4.60%), State Street Corp (4.24%), Kayne Anderson Rudnick Investment Management LLC (3.16%) and Alliancebernstein L.P. (2.73%). Insiders that own company stock include Agostino Ricupati, Albert G White III, Brian G Andrews, Daniel G Mcbride, Gary S Petersmeyer, Gerard H Warner III, Jody S Lindell, Robert D Auerbach and Robert S Weiss.
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Shares of COO stock 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.
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One share of COO stock can currently be purchased for approximately $336.76.

Cooper Companies (NYSE:COO) has a market capitalization of $16.68 billion and generates $3.51 billion in revenue each year. The medical device company earns $385.80 million in net income (profit) each year or $5.53 on an earnings per share basis.

The company employs 14,000 workers across the globe.

Cooper Companies' mailing address is 6101 Bollinger Canyon Road Suite 500, San Ramon CA, 94583. The official website for the company is www.coopercos.com. The medical device company can be reached via phone at (925) 460-3600, via email at ir@cooperco.com, or via fax at 925-460-3649.