Cooper Companies, Inc. (COO) concluded trading on Thursday at a closing price of $88.58, with 2.86 million shares of worth about $253.01 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.58% during that period and on July 11, 2024 the price saw a gain of about 3.54%. Currently the company’s common shares owned by public are about 199.12M shares, out of which, 198.09M shares are available for trading.
Stock saw a price change of 3.59% in past 5 days and over the past one month there was a price change of -6.84%. Year-to-date (YTD), COO shares are showing a performance of -6.37% which decreased to -7.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $75.93 but also hit the highest price of $104.07 during that period. The average intraday trading volume for Cooper Companies, Inc. shares is 1.10 million. The stock is currently trading -0.85% below its 20-day simple moving average (SMA20), while that difference is down -3.72% for SMA50 and it goes to -2.41% lower than SMA200.
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Cooper Companies, Inc. (NASDAQ: COO) currently have 199.12M outstanding shares and institutions hold larger chunk of about 95.98% of that.
The stock has a current market capitalization of $17.64B and its 3Y-monthly beta is at 0.98. PE ratio of stock for trailing 12 months is 52.10, while it has posted earnings per share of $1.70 in the same period. Its PEG reads 4.61 and has Quick Ratio of 1.14 while making debt-to-equity ratio of 0.35. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for COO, volatility over the week remained 2.08% while standing at 1.96% over the month.
Stock’s fiscal year EPS is expected to rise by 11.60% while it is estimated to increase by 10.93% in next year. EPS is likely to shrink at an annualized rate of 11.30% for next 5-years, compared to annual growth of 15.98% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Redburn Atlantic on March 19, 2024 offering a Buy rating for the stock and assigned a target price of $125 to it. Coverage by JP Morgan stated Cooper Companies, Inc. (COO) stock as an Overweight in their note to investors on March 13, 2024, suggesting a price target of $120 for the stock. On February 06, 2024, KeyBanc Capital Markets Resumed their recommendations, while on October 30, 2023, BofA Securities Initiated their ratings for the stock with a price target of $380. Stock get a Neutral rating from Redburn Atlantic on October 05, 2023.
