In yesterday’s Wall Street session, The Cooper Companies Inc. (NYSE:COO) shares traded at $364.69, down -1.43% from the previous session.
As of this writing, 19 analysts cover The Cooper Companies Inc. (NYSE:COO). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $440.00 and a low of $349.00, we find $410.00. Given the previous closing price of $369.99, this indicates a potential upside of 10.81 percent. COO stock price is now -4.43% away from the 50-day moving average and 1.96% away from the 200-day moving average. The market capitalization of the company currently stands at $18.32B.
There are 11 analysts who have given it a hold rating, whereas 7 have given it a buy rating. Brokers who have rated the stock have averaged $407.86 as their price target over the next twelve months.
With the price target of $410, Morgan Stanley recently initiated with Equal-Weight rating for The Cooper Companies Inc. (NYSE: COO).
In other news, Ricupati Agostino, SVP & CAO sold 1,000 shares of the company’s stock on Mar 31. The stock was sold for $370,000 at an average price of $370.00. Upon completion of the transaction, the SVP & CAO now directly owns 863 shares in the company, valued at $0.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15, Director PETERSMEYER GARY S sold 700 shares of the business’s stock. A total of $235,044 was realized by selling the stock at an average price of $335.78. This leaves the insider owning 2,134 shares of the company worth $0.78 million. Insiders disposed of 43,911 shares of company stock worth roughly $16.01 million over the past 1 year. A total of 0.55% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in COO stock. A new stake in The Cooper Companies Inc. shares was purchased by CAPITAL WORLD INVESTORS during the first quarter worth $177,608,000. UNISUPER MANAGEMENT PTY LTD invested $10,877,000 in shares of COO during the first quarter. In the first quarter, HOLOCENE ADVISORS, LP acquired a new stake in The Cooper Companies Inc. valued at approximately $7,168,000. AMF TJANSTEPENSION AB acquired a new stake in COO for approximately $1,714,000. PINEBRIDGE INVESTMENTS, L.P. purchased a new stake in COO valued at around $1,617,000 in the second quarter. In total, there are 875 active investors with 103.35% ownership of the company’s stock.
Friday morning saw The Cooper Companies Inc. (NYSE: COO) opened at $372.72. During the past 12 months, The Cooper Companies Inc. has had a low of $244.21 and a high of $399.62. As of last week, the company has a debt-to-equity ratio of 0.34, a current ratio of 1.70, and a quick ratio of 1.00. According to the stock market information, the enterprise value for the company is $20.54B, which is based on a 65.94 price-to-earnings ratio, a 6.59 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for COO is $381.43 and a two-hundred day moving average price translates $357.91 for the stock.
The latest earnings results from The Cooper Companies Inc. (NYSE: COO) was released for Jul, 2023. According to the Medical Instruments & Supplies Company, earnings per share came in at $3.35, beating analysts’ expectations of $3.34 by 0.01. This compares to $1.98 EPS in the same period last year. The net profit margin was 7.80% and return on equity was 3.70% for COO. The company reported revenue of $930.2 million for the quarter, compared to $843.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.29 percent. For the current quarter, analysts expect COO to generate $923.07M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/11/2023. Investors who held shares on 07/27/2023 were paid a $0.03 dividend. On an annualized basis, this represents a $0.06 dividend and a 0.02% percent yield. There was an ex-dividend date of 07/26/2023 for this dividend. In terms of dividend payout ratio, COO is presently at 1.10%.
The Cooper Companies Inc.(COO) 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, myopia, ocular dryness and eye fatigues in the Americas, Europe, Middle East, Africa, and Asia Pacific. The CooperSurgical segment focuses on family and women’s health care, which provides medical devices, fertility, genomics, diagnostics, and contraception to health care professionals and patients worldwide. It offers surgical and office products, including PARAGARD, uterine manipulators, retractors, closure products, point of care products, LEEP products, endosee, and illuminate and fetal pillows; fertility products and services, such as fertility consumables and equipment, and embryo options and preimplantation genetic testing. The Cooper Companies, Inc. was founded in 1958 and is headquartered in San Ramon, California.
