Cooper Companies, Inc. (The)’s (COO) “Buy” Rating Reiterated at BMO Capital Markets

BMO Capital Markets restated their buy rating on shares of Cooper Companies, Inc. (The) (NYSE:COO) in a research report released on Friday. They currently have a $272.00 price target on the medical device company’s stock.

COO has been the subject of several other research reports. KeyCorp reissued a hold rating on shares of Cooper Companies, Inc. (The) in a research report on Monday, August 28th. Zacks Investment Research lowered shares of Cooper Companies, Inc. (The) from a buy rating to a hold rating in a report on Thursday, June 1st. BidaskClub lowered shares of Cooper Companies, Inc. (The) from a strong-buy rating to a buy rating in a report on Tuesday, July 25th. Jefferies Group LLC set a $250.00 price objective on shares of Cooper Companies, Inc. (The) and gave the company a buy rating in a report on Thursday, August 17th. Finally, Robert W. Baird restated a buy rating and issued a $251.00 price objective on shares of Cooper Companies, Inc. (The) in a report on Thursday, August 24th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Cooper Companies, Inc. (The) currently has an average rating of Buy and a consensus price target of $247.67.

Cooper Companies, Inc. (COO) opened at 236.18 on Friday. Cooper Companies, Inc. has a 52 week low of $158.73 and a 52 week high of $256.39. The company has a 50-day moving average of $246.43 and a 200-day moving average of $221.27. The company has a market cap of $11.54 billion, a P/E ratio of 35.41 and a beta of 0.59.

Cooper Companies, Inc. (The) (NYSE:COO) last issued its quarterly earnings results on Thursday, August 31st. The medical device company reported $2.64 EPS for the quarter, beating the Thomson Reuters’ 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 million during the quarter, compared to analysts’ expectations of $552.32 million. During the same quarter last year, the company posted $2.30 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts predict that Cooper Companies, Inc. will post $9.64 EPS for the current year.

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The business also recently declared a semiannual dividend, which was paid on Monday, August 7th. Investors of record on Friday, July 21st were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a yield of 0.02%. Cooper Companies, Inc. (The)’s dividend payout ratio is currently 0.86%.

In related news, EVP Carol R. Kaufman sold 5,408 shares of Cooper Companies, Inc. (The) stock in a transaction on Friday, June 9th. The shares were sold at an average price of $240.86, for a total transaction of $1,302,570.88. Following the sale, the executive vice president now directly owns 49,327 shares in the company, valued at approximately $11,880,901.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Carol R. Kaufman sold 44,092 shares of Cooper Companies, Inc. (The) stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $242.81, for a total transaction of $10,705,978.52. Following the sale, the executive vice president now owns 60,419 shares in the company, valued at $14,670,337.39. The disclosure for this sale can be found here. Insiders have sold a total of 67,331 shares of company stock worth $16,400,454 over the last quarter. 1.60% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. ProVise Management Group LLC grew its position in Cooper Companies, Inc. (The) by 0.6% during the 2nd quarter. ProVise Management Group LLC now owns 1,177 shares of the medical device company’s stock worth $282,000 after purchasing an additional 7 shares during the last quarter. YorkBridge Wealth Partners LLC grew its position in Cooper Companies, Inc. (The) by 2.1% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 531 shares of the medical device company’s stock worth $126,000 after purchasing an additional 11 shares during the last quarter. Creative Planning grew its position in Cooper Companies, Inc. (The) by 0.8% during the 2nd quarter. Creative Planning now owns 1,909 shares of the medical device company’s stock worth $457,000 after purchasing an additional 16 shares during the last quarter. CIBC Asset Management Inc grew its position in Cooper Companies, Inc. (The) by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 4,697 shares of the medical device company’s stock worth $1,125,000 after purchasing an additional 16 shares during the last quarter. Finally, Wedbush Securities Inc. grew its position in Cooper Companies, Inc. (The) by 1.0% during the 2nd quarter. Wedbush Securities Inc. now owns 1,783 shares of the medical device company’s stock worth $427,000 after purchasing an additional 18 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors.

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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