KeyBanc maintained its Cooper Companies [COO] rating to the equivalent of Overweight but changed the price target to $396 from $367, in a research note dated 2021-01-08. That figure represents around an 8.37% premium from where the company’s shares closed on Thursday. Some new analysts also started their coverage, with Citigroup’s analysts assigning the shares to “a Neutral” rating in a research note to investors issued in early March. Meanwhile, Stephens had raised its rating on COO to “an Overweight” from the earlier “an Equal-weight”, in a research note produced for clients February 01, 2019. In addition, there was a downgrade from Goldman on January 04, 2019. The rater changed COO from “a Neutral” to “a Sell”.
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Is The Cooper Companies Inc. [NYSE:COO] a Good Buy Right Now?
It should be noted that COO technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 72% Buy in the past month. Data from The Cooper Companies Inc.’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 0.21 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.25 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.26 million shares.
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COO Price Performance
On Wall Street, The Cooper Companies Inc. [NYSE:COO] finished Thursday’s session down -0.34% at $365.06. The stock went up to $371.2921 at the same session while its lowest single day price was $362.93. In the last five days, it saw a rise of about 2.42%, The Cooper Companies Inc. shares gained by almost 0.48% since the beginning of the year. However, the share price has dropped to as low as -1.76% below its one year high. On 01/07/21, the company shares recorded $371.29, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $353.02. The company’s shares have inclined by 11.42% in the past year. The 50-day SMA achieved is $342.28 while the 200-day SMA is $315.51. Volume gained to 0.22 million from 0.21 million in the previous session.
The Cooper Companies Inc. [COO] Valuation Measures
Notably, The Cooper Companies Inc. [COO] stock cannot be classified as a good candidate in the listing of underestimated low-priced Medical Instruments & Supplies companies to purchase soonest possible with the prevailing 12-month PE ratio of 75.94. The measure means the stock is exchanging at a premium as compared to the 33.86x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 7.24 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 5.23 which means COO serve an unattractive investment opportunity compared to its competitors.
COO Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 361.56 level, and in case of violation of this particular level, it will cause more drop to 358.07 level. On the upper level, 374.79 is still the key resistance. The stock may increase to the subsequent resistance at 369.92. The Relative Strength Index (RSI) pinned on the 14-day chart is 63.63, implying a neutral technical stance while the MACD stands at 6.86, meaning price will increase in the next trading period. Percent R indicator moved to 18.39%, implying bullish price movement. Stochastic %K at 86.42% suggest selling the stock.
What is the short interest in The Cooper Companies Inc.?
Short interest in the The Cooper Companies Inc. stock has plunged, decreasing by -0.1 million shares to total 0.73 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 0.63 million, data from Yahoo Finance shows. The increase of 14.21% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 1.94% of the overall float for the stock.
The Cooper Companies Inc.’s Biggest Shareholders: Who Owns The Cooper Companies Inc. [COO]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 5,420,049 shares or roughly 10.16% of the outstanding COO shares. This means their shares have reduced by -134,449 from the 5,420,049 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, T. Rowe Price Associates, Inc. updated stake is worth $1,306,735,496. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -1.29% stake valued at $886,471,859 while Veritas Asset Management LLP added theirs at $780,803,475. During the last quarter, BlackRock Fund Advisors liquidated -34,637 of its shares in The Cooper Companies Inc. while Veritas Asset Management LLP bought 753,466 shares. The Generation Investment Management’s holdings currently number 2,251,282 shares at $821853006.92. According to the firm’s last 13F report, SSgA Funds Management, Inc. shares in the company at filing stood at 2,171,026 shares, roughly $727,771,336.
COO Earnings Forecast For The Current Quarter
The Cooper Companies Inc. [COO] is expected to report strong earnings results for the quarter ending on Jan 2021. Consensus estimates give the company expected revenues of $660.07M and an earnings per share of $2.78 for Jan 2021. Looking further ahead, the company is expected to report revenue of $672.96M at an EPS of $2.94 for Apr 2021. The estimates represent 6.40% and 11.97% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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COO Earnings Estimates For The Current Year
For the financial year, The Cooper Companies Inc. [NYSE:COO] is expected to bring in revenue of $2.76B. The returns are nearly $330.0 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 12.53, higher than that of FY20 by $2.89. Estimates put this year’s earnings growth at 30.00%, 11.90% for the next, and at an annual 10.00% over the next 5-year period. As for sales, forecasts are for an increase of 13.40% in the current fiscal year and a further 6.40% over the following year.
