As of July 11, 2023, Cooper Companies (NYSE:COO) has received a range of analyst ratings. Out of the total, 7 were bullish, 4 were somewhat bullish, 1 was indifferent, and there were no somewhat bearish or bearish ratings.
In the past 3 months, 12 analysts have provided 12-month price targets for Cooper Companies. The average price target is $417.17, with a high estimate of $440.00 and a low estimate of $385.00. It is worth noting that this average has increased by 4.51% compared to the previous average price target of $399.18.
Analysts play a crucial role in the financial industry. They specialize in researching company financial statements, participating in conference calls and meetings, and communicating with insiders to formulate analyst ratings for stocks. These ratings are often published quarterly and may include additional predictions for metrics such as growth estimates, earnings, and revenue.
However, it is essential to remember that analysts are humans and their ratings are based on their opinions. Investors should consider these ratings as guidance rather than absolute truths.
COO Stock Performance: Steady Day with Mixed Financials and Positive Growth Projection
On July 11, 2023, the stock performance of COO, or Cooper Companies, remained steady throughout the day. The previous close for Coo Stock was $383.44, and it opened at $385.43. The stock experienced a day’s range between $380.55 and $386.78. The volume of shares traded on this day was 168,892, which is lower than the average volume of the past three months, which stood at 298,340.
The market capitalization of COO is $18.7 billion, indicating its significant value in the market. However, the earnings growth of the company has seen fluctuations. Last year, COO experienced a decline in earnings growth by -86.92%. However, this year, the company has managed to rebound slightly with a positive earnings growth of +3.20%. Looking ahead, COO is projected to have a more stable growth rate of +9.50% over the next five years.
COO’s revenue growth last year was +13.20%, which is a positive sign for the company’s financial performance. The P/E ratio for COO stock is 65.8, which indicates that investors are willing to pay a higher price for each dollar of earnings. The price/sales ratio stands at 4.11, while the price/book ratio is 2.60. These ratios suggest that COO stock may be slightly overvalued based on its sales and book value.
On July 11, 2023, COO stock did not experience any significant change in price or percentage change. This indicates a stable day for the stock, with no major fluctuations.
COO operates in the Health Technology sector, specifically in the Medical Specialties industry. The company is headquartered in San Ramon, California. Although no executives were displayed, COO’s corporate headquarters remains an important hub for its operations.
Looking ahead, COO’s next reporting date is scheduled for August 31, 2023. Analysts are forecasting an EPS (earnings per share) of $3.34 for the upcoming quarter. COO’s annual revenue for the previous year was $3.3 billion, with an annual profit of $385.8 million. The net profit margin for COO stands at 11.66%, indicating a decent level of profitability.
Overall, COO’s stock performance on July 11, 2023, remained steady, with no significant changes in price or percentage. The company’s financials show a mixed picture, with a decline in earnings growth last year but positive growth expected for this year and the next five years. Investors should keep an eye on COO’s upcoming reporting date for further insights into its financial performance.
COO Stock Shows Positive Performance with Potential Increase in Value: Analysts Target Price and Earnings Report
COO stock had a positive performance on July 11, 2023, with a median target price forecasted by 14 analysts at $403.00, representing a 5.37% increase from the last price of $382.47. The high estimate for the stock price was $440.00, while the low estimate was $345.00.
According to CNN Money, the consensus among 19 polled investment analysts is to hold stock in Cooper Companies Inc.
Cooper Companies Inc reported earnings per share of $3.34 for the current quarter, with sales reaching $899.0 million. The company is set to release its next earnings report on August 31.
Based on the provided information, it appears that investors and analysts are cautiously optimistic about the future performance of COO stock. The median target price suggests a potential increase in value.
Investors should consider conducting further research and analysis to make informed decisions about investing in Cooper Companies Inc. It is advisable to review the company’s financial reports, industry trends, and any other relevant information before making any investment decisions.
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