Coherent (NASDAQ:COHR) had its price target raised by Benchmark from $175.00 to $182.00 in a research report sent to investors on Wednesday, The Fly reports. Benchmark currently has a buy rating on the scientific and technical instruments company’s stock.
COHR has been the topic of several other research reports. BidaskClub lowered shares of Coherent from a buy rating to a hold rating in a report on Thursday, October 24th. TheStreet lowered shares of Coherent from a b- rating to a c+ rating in a report on Wednesday, August 14th. Zacks Investment Research upgraded shares of Coherent from a strong sell rating to a hold rating in a report on Tuesday, October 1st. Finally, ValuEngine lowered shares of Coherent from a buy rating to a hold rating in a report on Monday, October 21st. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Coherent presently has an average rating of Hold and an average target price of $151.40.
Coherent stock traded down $6.79 during mid-day trading on Wednesday, reaching $160.22. The company had a trading volume of 368,500 shares, compared to its average volume of 346,564. The company has a market capitalization of $3.95 billion, a P/E ratio of 32.76 and a beta of 1.76. The stock’s 50-day simple moving average is $153.94 and its 200-day simple moving average is $141.16. Coherent has a 1 year low of $90.10 and a 1 year high of $173.92. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.97 and a quick ratio of 2.34.
Several large investors have recently bought and sold shares of the stock. MUFG Americas Holdings Corp acquired a new position in Coherent in the 3rd quarter worth $25,000. Steward Partners Investment Advisory LLC acquired a new position in Coherent in the 2nd quarter worth $28,000. Cerebellum GP LLC acquired a new position in Coherent in the 2nd quarter worth $48,000. Quadrant Capital Group LLC lifted its holdings in Coherent by 160.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 404 shares of the scientific and technical instruments company’s stock worth $55,000 after buying an additional 249 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in Coherent by 724.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 478 shares of the scientific and technical instruments company’s stock worth $73,000 after buying an additional 420 shares in the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.
Coherent Company Profile
Coherent, Inc provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial applications. It operates through two segments, OEM Laser Sources and Industrial Lasers & Systems. The company designs, manufactures, markets, and services lasers, laser tools, precision optics, and related accessories; and laser measurement and control products.
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