Comerica Bank Has $7.13 Million Holdings in The Cooper Companies, Inc. (NASDAQ:COO)

Comerica Bank raised its position in shares of The Cooper Companies, Inc. (NASDAQ:COO) by 7.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,559 shares of the medical device company’s stock after buying an additional 5,611 shares during the quarter. Comerica Bank’s holdings in Cooper Companies were worth $7,130,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Byrne Asset Management LLC acquired a new position in Cooper Companies in the 4th quarter worth approximately $33,000. OFI Invest Asset Management purchased a new stake in shares of Cooper Companies in the fourth quarter valued at $34,000. New Age Alpha Advisors LLC acquired a new stake in shares of Cooper Companies in the fourth quarter worth $38,000. Covestor Ltd grew its holdings in shares of Cooper Companies by 35.5% during the fourth quarter. Covestor Ltd now owns 458 shares of the medical device company’s stock valued at $42,000 after buying an additional 120 shares in the last quarter. Finally, West Financial Advisors LLC acquired a new position in Cooper Companies during the fourth quarter valued at $49,000. 24.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on COO shares. Citigroup lowered their target price on Cooper Companies from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cooper Companies in a research report on Friday, March 7th. Stifel Nicolaus cut their target price on shares of Cooper Companies from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Piper Sandler restated an “overweight” rating and set a $115.00 price target (down from $120.00) on shares of Cooper Companies in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. cut their price objective on Cooper Companies from $120.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Cooper Companies has a consensus rating of “Moderate Buy” and an average target price of $110.25.

Cooper Companies Trading Up 1.4 %

Cooper Companies stock opened at $82.30 on Friday. The Cooper Companies, Inc. has a one year low of $69.81 and a one year high of $112.38. The company’s fifty day moving average price is $81.44 and its two-hundred day moving average price is $91.79. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.91 and a quick ratio of 1.12. The company has a market capitalization of $16.46 billion, a price-to-earnings ratio of 42.21, a PEG ratio of 2.25 and a beta of 1.01.

Cooper Companies (NASDAQ:COO) last issued its quarterly earnings data on Thursday, March 6th. The medical device company reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. The business had revenue of $964.70 million for the quarter, compared to analyst estimates of $981.25 million. Cooper Companies had a return on equity of 9.38% and a net margin of 10.07%. On average, analysts forecast that The Cooper Companies, Inc. will post 3.98 earnings per share for the current fiscal year.

About Cooper Companies

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.