News headlines about Coherent (NASDAQ:COHR) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Coherent earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the scientific and technical instruments company an impact score of 46.6473425951039 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Coherent, Inc. (COHR) Shares Bought by Boston Partners (topix.com)
- Coherent, Inc. (COHR) Director Stephen A. Skaggs Sells 500 Shares (americanbankingnews.com)
- Insider Selling: Coherent, Inc. (COHR) VP Sells 5,819 Shares of Stock (americanbankingnews.com)
- Sandeep Vij Sells 4,400 Shares of Coherent, Inc. (COHR) Stock (americanbankingnews.com)
- Zacks: Brokerages Anticipate Coherent, Inc. (COHR) Will Announce Quarterly Sales of $468.75 Million (americanbankingnews.com)
Several equities analysts have weighed in on the company. Northcoast Research restated a “buy” rating and set a $314.00 target price (up from $311.00) on shares of Coherent in a report on Tuesday, September 12th. Needham & Company LLC raised their price target on Coherent from $270.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $290.00 price target on shares of Coherent in a research report on Wednesday, September 13th. Susquehanna Bancshares Inc raised Coherent from a “neutral” rating to a “positive” rating and raised their price target for the company from $255.00 to $275.00 in a research report on Thursday, August 3rd. Finally, Zacks Investment Research raised Coherent from a “hold” rating to a “strong-buy” rating and set a $270.00 price target on the stock in a research report on Tuesday, October 3rd. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Coherent has an average rating of “Buy” and a consensus price target of $309.89.
Coherent (NASDAQ COHR) traded down $7.65 during midday trading on Tuesday, reaching $301.32. The company’s stock had a trading volume of 671,800 shares, compared to its average volume of 448,149. The company has a quick ratio of 2.14, a current ratio of 3.13 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $7,610.38, a P/E ratio of 25.99 and a beta of 0.79. Coherent has a 12 month low of $124.70 and a 12 month high of $314.76.
Coherent (NASDAQ:COHR) last released its quarterly earnings data on Tuesday, November 7th. The scientific and technical instruments company reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $3.48 by $0.24. Coherent had a return on equity of 28.53% and a net margin of 12.02%. The company had revenue of $490.00 million for the quarter, compared to the consensus estimate of $475.24 million. During the same period in the previous year, the business earned $1.65 earnings per share. The company’s quarterly revenue was up 97.2% on a year-over-year basis. equities analysts expect that Coherent will post 15.15 EPS for the current year.
In related news, Director Sandeep Vij sold 4,400 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $292.79, for a total value of $1,288,276.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen A. Skaggs sold 500 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $308.97, for a total transaction of $154,485.00. Following the completion of the transaction, the director now owns 11,000 shares of the company’s stock, valued at approximately $3,398,670. The disclosure for this sale can be found here. Insiders sold 35,719 shares of company stock valued at $9,407,911 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.
Coherent Company Profile
Coherent, Inc is a photonics manufacturer. The Company is engaged in designing, manufacturing, servicing and marketing of lasers and related accessories for a range of scientific, commercial and industrial applications. It operates through two segments: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC).
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