Cooper Companies, Inc. (The) (COO) Given Equal Weight Rating at Stephens

Stephens reiterated their equal weight rating on shares of Cooper Companies, Inc. (The) (NYSE:COO) in a report released on Tuesday. They currently have a $250.00 target price on the medical device company’s stock, up from their prior target price of $235.00.

COO has been the subject of several other research reports. Piper Jaffray Companies increased their target price on shares of Cooper Companies, Inc. (The) to $265.00 and gave the company an overweight rating in a research note on Wednesday, July 19th. BidaskClub cut shares of Cooper Companies, Inc. (The) from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. Zacks Investment Research cut shares of Cooper Companies, Inc. (The) from a buy rating to a hold rating in a research note on Thursday, June 22nd. KeyCorp reiterated a hold rating on shares of Cooper Companies, Inc. (The) in a research note on Monday, August 28th. Finally, Guggenheim assumed coverage on shares of Cooper Companies, Inc. (The) in a research note on Thursday, June 29th. They issued a neutral rating for the company. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $257.60.

Shares of Cooper Companies, Inc. (NYSE COO) opened at 248.18 on Tuesday. The company has a market capitalization of $12.13 billion, a price-to-earnings ratio of 37.21 and a beta of 0.59. The company has a 50-day moving average price of $245.41 and a 200 day moving average price of $223.57. Cooper Companies, Inc. has a one year low of $158.73 and a one year high of $256.39.

Cooper Companies, Inc. (The) (NYSE:COO) last released its quarterly earnings results on Thursday, August 31st. The medical device company reported $2.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.58 by $0.06. Cooper Companies, Inc. (The) had a net margin of 16.45% and a return on equity of 16.00%. The company had revenue of $556.00 million during the quarter, compared to analysts’ expectations of $552.32 million. During the same period in the prior year, the company earned $2.30 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, analysts forecast that Cooper Companies, Inc. will post $9.72 EPS for the current fiscal year.

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In other Cooper Companies, Inc. (The) news, COO Daniel G. Mcbride sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $244.23, for a total transaction of $1,465,380.00. Following the completion of the transaction, the chief operating officer now owns 34,395 shares in the company, valued at $8,400,290.85. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Paul L. Remmell sold 9,294 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 6,186 shares of the company’s stock, valued at approximately $1,536,973.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,015 shares of company stock valued at $4,193,502. Corporate insiders own 1.60% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in COO. Advisory Services Network LLC lifted its stake in Cooper Companies, Inc. (The) by 30.6% during the second quarter. Advisory Services Network LLC now owns 457 shares of the medical device company’s stock worth $109,000 after purchasing an additional 107 shares during the period. YorkBridge Wealth Partners LLC increased its holdings in shares of Cooper Companies, Inc. (The) by 2.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 531 shares of the medical device company’s stock worth $126,000 after buying an additional 11 shares in the last quarter. Archford Capital Strategies LLC increased its holdings in shares of Cooper Companies, Inc. (The) by 116.7% during the first quarter. Archford Capital Strategies LLC now owns 674 shares of the medical device company’s stock worth $135,000 after buying an additional 363 shares in the last quarter. Acrospire Investment Management LLC increased its holdings in shares of Cooper Companies, Inc. (The) by 50.0% during the second quarter. Acrospire Investment Management LLC now owns 600 shares of the medical device company’s stock worth $144,000 after buying an additional 200 shares in the last quarter. Finally, Penserra Capital Management LLC increased its holdings in shares of Cooper Companies, Inc. (The) by 9.5% during the first quarter. Penserra Capital Management LLC now owns 782 shares of the medical device company’s stock worth $156,000 after buying an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 95.92% of the company’s stock.

About Cooper Companies, Inc. (The)

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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