Cooper Companies, Inc. (The) (COO) Stock Rating Reaffirmed by Jefferies Group LLC

Cooper Companies, Inc. (The) (NYSE:COO)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group LLC in a report released on Tuesday. They presently have a $250.00 target price on the medical device company’s stock. Jefferies Group LLC’s price target suggests a potential downside of 1.34% from the company’s previous close.

COO has been the topic of several other research reports. Piper Jaffray Companies lifted their price objective on Cooper Companies, Inc. (The) to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, July 19th. BidaskClub downgraded Cooper Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Stephens reiterated an “equal weight” rating and issued a $250.00 price objective (up previously from $235.00) on shares of Cooper Companies, Inc. (The) in a report on Tuesday. Zacks Investment Research downgraded Cooper Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Finally, KeyCorp reiterated a “hold” rating on shares of Cooper Companies, Inc. (The) in a report on Monday, August 28th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $257.60.

Shares of Cooper Companies, Inc. (NYSE:COO) traded down 1.54% during midday trading on Tuesday, hitting $249.48. The stock had a trading volume of 714,025 shares. Cooper Companies, Inc. has a 1-year low of $158.73 and a 1-year high of $256.39. The stock has a market cap of $12.19 billion, a price-to-earnings ratio of 37.40 and a beta of 0.59. The firm’s 50-day moving average price is $245.17 and its 200-day moving average price is $223.35.

Cooper Companies, Inc. (The) (NYSE:COO) last released its quarterly earnings data on Thursday, August 31st. The medical device company reported $2.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.58 by $0.06. The firm had revenue of $556.00 million for the quarter, compared to the consensus estimate of $552.32 million. Cooper Companies, Inc. (The) had a return on equity of 16.00% and a net margin of 16.45%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.30 earnings per share. Analysts forecast that Cooper Companies, Inc. will post $9.72 earnings per share for the current year.

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In other Cooper Companies, Inc. (The) news, CEO Paul L. Remmell sold 9,294 shares of Cooper Companies, Inc. (The) stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $248.46, for a total transaction of $2,309,187.24. Following the sale, the chief executive officer now directly owns 6,186 shares of the company’s stock, valued at approximately $1,536,973.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Daniel G. Mcbride sold 6,000 shares of Cooper Companies, Inc. (The) stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $244.23, for a total value of $1,465,380.00. Following the sale, the chief operating officer now directly owns 34,395 shares in the company, valued at $8,400,290.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,015 shares of company stock worth $4,193,502. 1.60% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Cooper Companies, Inc. (The) by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 4,938,181 shares of the medical device company’s stock valued at $1,182,298,000 after acquiring an additional 156,449 shares in the last quarter. BlackRock Inc. boosted its position in Cooper Companies, Inc. (The) by 4.5% during the 2nd quarter. BlackRock Inc. now owns 3,210,032 shares of the medical device company’s stock valued at $768,546,000 after acquiring an additional 138,395 shares in the last quarter. Janus Henderson Group PLC boosted its position in Cooper Companies, Inc. (The) by 558.5% during the 2nd quarter. Janus Henderson Group PLC now owns 2,175,791 shares of the medical device company’s stock valued at $520,937,000 after acquiring an additional 1,845,368 shares in the last quarter. Janus Capital Management LLC boosted its position in Cooper Companies, Inc. (The) by 35.7% during the 1st quarter. Janus Capital Management LLC now owns 1,743,182 shares of the medical device company’s stock valued at $348,441,000 after acquiring an additional 458,173 shares in the last quarter. Finally, Pioneer Investment Management Inc. boosted its position in Cooper Companies, Inc. (The) by 136.6% during the 2nd quarter. Pioneer Investment Management Inc. now owns 1,226,250 shares of the medical device company’s stock valued at $293,589,000 after acquiring an additional 708,028 shares in the last quarter. 95.92% of the stock is currently owned by institutional investors and hedge funds.

Cooper Companies, Inc. (The) Company Profile

The Cooper Companies, Inc is a global medical device company. The Company operates through two business units: CooperVision, Inc and CooperSurgical, Inc CooperVision offers soft contact lenses for the vision correction market. CooperVision develops, manufactures and markets a range of single-use, two-week and monthly contact lenses.

Analyst Recommendations for Cooper Companies, Inc. (The) (NYSE:COO)

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