Cooper Companies’ (COO) Hold Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of Cooper Companies (NASDAQ:COO) in a research note released on Thursday, Benzinga reports.

COO has been the subject of a number of other reports. Redburn Atlantic raised shares of Cooper Companies from a neutral rating to a buy rating and set a $125.00 target price for the company in a research note on Tuesday, March 19th. Citigroup boosted their target price on shares of Cooper Companies from $108.00 to $116.00 and gave the stock a buy rating in a research note on Wednesday, April 3rd. Stifel Nicolaus reaffirmed a buy rating and issued a $110.00 target price (up from $105.00) on shares of Cooper Companies in a research note on Friday, March 1st. TheStreet downgraded shares of Cooper Companies from a b- rating to a c rating in a research note on Thursday, February 29th. Finally, Piper Sandler boosted their target price on shares of Cooper Companies from $110.00 to $115.00 and gave the stock an overweight rating in a research note on Friday, March 1st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $109.69.

Cooper Companies Trading Up 0.5 %

Shares of COO stock opened at $94.89 on Thursday. Cooper Companies has a 12-month low of $75.93 and a 12-month high of $104.07. The company has a market capitalization of $18.86 billion, a P/E ratio of 64.88, a P/E/G ratio of 2.41 and a beta of 0.97. The firm has a 50-day moving average price of $95.45 and a 200 day moving average price of $93.47. The company has a quick ratio of 1.08, a current ratio of 1.86 and a debt-to-equity ratio of 0.35.

Cooper Companies (NASDAQ:COO) last announced its quarterly earnings results on Thursday, February 29th. The medical device company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.07. Cooper Companies had a net margin of 7.93% and a return on equity of 8.79%. The firm had revenue of $931.60 million during the quarter, compared to the consensus estimate of $915.93 million. During the same period last year, the firm posted $2.90 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. Research analysts forecast that Cooper Companies will post 3.5 earnings per share for the current fiscal year.

Insider Activity at Cooper Companies

In related news, CAO Agostino Ricupati sold 54,724 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $100.89, for a total transaction of $5,521,104.36. Following the completion of the transaction, the chief accounting officer now owns 5,081 shares in the company, valued at $512,622.09. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Gary S. Petersmeyer sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $103.51, for a total value of $103,510.00. Following the completion of the transaction, the director now owns 5,668 shares in the company, valued at $586,694.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Agostino Ricupati sold 54,724 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $100.89, for a total transaction of $5,521,104.36. Following the completion of the transaction, the chief accounting officer now owns 5,081 shares of the company’s stock, valued at approximately $512,622.09. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Cooper Companies by 8.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 297,675 shares of the medical device company’s stock valued at $112,656,000 after buying an additional 22,884 shares during the period. Westfield Capital Management Co. LP boosted its holdings in shares of Cooper Companies by 2.3% in the fourth quarter. Westfield Capital Management Co. LP now owns 177,274 shares of the medical device company’s stock valued at $67,088,000 after buying an additional 3,950 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Cooper Companies by 34.4% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,322 shares of the medical device company’s stock worth $879,000 after purchasing an additional 594 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Cooper Companies in the fourth quarter worth $805,000. Finally, Principal Securities Inc. bought a new stake in shares of Cooper Companies in the fourth quarter worth $149,000. Institutional investors and hedge funds own 24.39% of the company’s stock.

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.