Cooper Companies, Inc. (The) (COO) Given New $275.00 Price Target at Stifel Nicolaus

Cooper Companies, Inc. (The) (NYSE:COO) had its target price boosted by research analysts at Stifel Nicolaus from $265.00 to $275.00 in a research report issued on Tuesday. The firm presently has a “buy” rating on the medical device company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 8.53% from the company’s previous close.

Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Cooper Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $270.00 price target for the company in a report on Tuesday, June 6th. Jefferies Group LLC reissued a “buy” rating and issued a $250.00 price target (up from $220.00) on shares of Cooper Companies, Inc. (The) in a report on Saturday, June 3rd. BMO Capital Markets reissued a “buy” rating and issued a $255.00 price target on shares of Cooper Companies, Inc. (The) in a report on Thursday, July 13th. BidaskClub downgraded shares of Cooper Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Cleveland Research reissued a “buy” rating on shares of Cooper Companies, Inc. (The) in a report on Tuesday, August 22nd. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $251.78.

Shares of Cooper Companies, Inc. (NYSE:COO) opened at 253.39 on Tuesday. The firm has a market cap of $12.38 billion, a price-to-earnings ratio of 37.99 and a beta of 0.59. Cooper Companies, Inc. has a 52 week low of $158.73 and a 52 week high of $256.39. The stock has a 50 day moving average of $245.17 and a 200-day moving average of $223.35.

Cooper Companies, Inc. (The) (NYSE:COO) last issued its quarterly earnings results on Thursday, August 31st. The medical device company reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $556 million during the quarter, compared to the consensus estimate of $552.32 million. During the same period in the prior year, the firm earned $2.30 EPS. The business’s revenue was up 8.0% on a year-over-year basis. Equities research analysts expect that Cooper Companies, Inc. will post $9.72 earnings per share for the current year.

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In related news, CEO Paul L. Remmell sold 9,294 shares of Cooper Companies, Inc. (The) stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $248.46, for a total transaction of $2,309,187.24. Following the completion of the transaction, the chief executive officer now directly owns 6,186 shares of the company’s stock, valued at approximately $1,536,973.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Randal Golden sold 1,621 shares of Cooper Companies, Inc. (The) stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $243.65, for a total transaction of $394,956.65. Following the transaction, the vice president now directly owns 1,731 shares of the company’s stock, valued at $421,758.15. The disclosure for this sale can be found here. Insiders have sold a total of 17,015 shares of company stock valued at $4,193,502 over the last ninety days. 1.60% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in COO. Advisory Services Network LLC lifted its holdings in Cooper Companies, Inc. (The) by 30.6% during the 2nd quarter. Advisory Services Network LLC now owns 457 shares of the medical device company’s stock valued at $109,000 after purchasing an additional 107 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its holdings 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 valued at $126,000 after purchasing an additional 11 shares during the last quarter. Archford Capital Strategies LLC lifted its holdings in Cooper Companies, Inc. (The) by 116.7% during the 1st quarter. Archford Capital Strategies LLC now owns 674 shares of the medical device company’s stock valued at $135,000 after purchasing an additional 363 shares during the last quarter. Acrospire Investment Management LLC lifted its holdings in Cooper Companies, Inc. (The) by 50.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 600 shares of the medical device company’s stock valued at $144,000 after purchasing an additional 200 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in Cooper Companies, Inc. (The) by 9.5% during the 1st quarter. Penserra Capital Management LLC now owns 782 shares of the medical device company’s stock valued at $156,000 after purchasing an additional 68 shares during the last quarter. 95.92% of the stock is owned by hedge funds and other 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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