The Cooper Companies, Inc. (NASDAQ:COO – Get Free Report) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 2,970,000 shares, a growth of 14.7% from the May 31st total of 2,590,000 shares. Based on an average trading volume of 1,070,000 shares, the days-to-cover ratio is currently 2.8 days.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Robert W. Baird lifted their target price on shares of Cooper Companies from $116.00 to $118.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Redburn Atlantic raised shares of Cooper Companies from a “neutral” rating to a “buy” rating and set a $125.00 target price on the stock in a report on Tuesday, March 19th. Citigroup lifted their target price on shares of Cooper Companies from $108.00 to $116.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Cooper Companies in a report on Friday, May 31st. Finally, JPMorgan Chase & Co. raised shares of Cooper Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $100.00 to $120.00 in a research note on Wednesday, March 13th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Cooper Companies presently has an average rating of “Moderate Buy” and a consensus target price of $111.42.
View Our Latest Stock Report on COO
Institutional Investors Weigh In On Cooper Companies
Cooper Companies Price Performance
Shares of NASDAQ COO opened at $87.30 on Monday. The firm has a market capitalization of $17.38 billion, a P/E ratio of 51.28, a PEG ratio of 2.16 and a beta of 0.98. Cooper Companies has a one year low of $75.93 and a one year high of $104.07. The company’s fifty day moving average is $92.73 and its two-hundred day moving average is $94.84. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.95.
Cooper Companies (NASDAQ:COO – Get Free Report) last issued its earnings results on Thursday, May 30th. The medical device company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.83 by $0.02. The company had revenue of $942.60 million for the quarter, compared to analyst estimates of $948.07 million. Cooper Companies had a net margin of 9.11% and a return on equity of 8.87%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. Analysts forecast that Cooper Companies will post 3.57 EPS for the current fiscal year.
Cooper Companies 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, and myopia in the Americas, Europe, Middle East, Africa, and Asia Pacific.
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