The Cooper Companies (COO) Lowered to “C” at TheStreet

TheStreet lowered shares of The Cooper Companies (NYSE:COO) from a b rating to a c rating in a report issued on Thursday, March 8th.

COO has been the topic of several other reports. Jefferies Group reissued a buy rating and issued a $285.00 target price on shares of The Cooper Companies in a report on Friday, March 9th. Stifel Nicolaus reissued a buy rating and issued a $265.00 target price (down from $275.00) on shares of The Cooper Companies in a report on Friday, December 8th. Raymond James Financial reissued a buy rating and issued a $265.00 target price on shares of The Cooper Companies in a report on Monday, December 4th. Zacks Investment Research raised shares of The Cooper Companies from a hold rating to a buy rating and set a $257.00 price target on the stock in a report on Tuesday, November 14th. Finally, Oppenheimer set a $265.00 price target on shares of The Cooper Companies and gave the company a hold rating in a report on Friday, March 9th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $267.50.

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Shares of NYSE COO traded down $7.14 during mid-day trading on Thursday, reaching $221.67. 633,400 shares of the company were exchanged, compared to its average volume of 504,226. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.61 and a current ratio of 2.83. The stock has a market cap of $11,216.58, a PE ratio of 22.85, a P/E/G ratio of 1.80 and a beta of 0.62. The Cooper Companies has a twelve month low of $194.29 and a twelve month high of $260.26.

The Cooper Companies (NYSE:COO) last issued its quarterly earnings data on Thursday, March 8th. The medical device company reported $2.79 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.28. The Cooper Companies had a net margin of 7.83% and a return on equity of 16.90%. The business had revenue of $590.00 million during the quarter, compared to analysts’ expectations of $583.07 million. During the same quarter in the previous year, the company earned $1.93 EPS. The business’s revenue was up 18.2% on a year-over-year basis. analysts predict that The Cooper Companies will post 11.83 EPS for the current fiscal year.

In other The Cooper Companies news, EVP Carol R. Kaufman sold 13,362 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $243.88, for a total transaction of $3,258,724.56. Following the completion of the sale, the executive vice president now owns 59,305 shares in the company, valued at approximately $14,463,303.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stanley Md Zinberg sold 5,000 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $224.66, for a total transaction of $1,123,300.00. Following the sale, the director now owns 6,090 shares of the company’s stock, valued at approximately $1,368,179.40. The disclosure for this sale can be found here. Insiders have sold a total of 61,581 shares of company stock worth $14,768,687 in the last quarter. 1.60% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of COO. BlackRock Inc. grew its position in The Cooper Companies by 1.5% during the fourth quarter. BlackRock Inc. now owns 3,616,339 shares of the medical device company’s stock valued at $787,926,000 after buying an additional 54,380 shares during the period. Janus Henderson Group PLC grew its position in The Cooper Companies by 0.4% during the third quarter. Janus Henderson Group PLC now owns 2,185,268 shares of the medical device company’s stock valued at $518,147,000 after buying an additional 9,477 shares during the period. Amundi Pioneer Asset Management Inc. lifted its holdings in The Cooper Companies by 10.1% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,379,094 shares of the medical device company’s stock valued at $300,476,000 after purchasing an additional 126,156 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in The Cooper Companies by 47.8% during the third quarter. Westfield Capital Management Co. LP now owns 636,882 shares of the medical device company’s stock valued at $151,011,000 after purchasing an additional 206,003 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in The Cooper Companies by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 583,128 shares of the medical device company’s stock valued at $126,817,000 after purchasing an additional 17,942 shares during the last quarter. Hedge funds and other institutional investors own 98.53% of the company’s stock.

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The Cooper Companies Company Profile

The Cooper Companies, Inc operates as a medical device company worldwide. It operates through CooperVision and CooperSurgical business units. The company develops, manufactures, and markets a range of contact lenses, including spherical lenses, and toric and multifocal lenses that correct near- and farsightedness, as well as addresses various complex visual defects, such as astigmatism and presbyopia.

Analyst Recommendations for The Cooper Companies (NYSE:COO)

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