Better Times Ahead For Cooper Companies, Inc. (NASDAQ: COO)?

Cooper Companies, Inc. (COO) concluded trading on Thursday at a closing price of $105.73, with 2.63 million shares of worth about $277.91 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.96% during that period and on August 29, 2024 the price saw a gain of about 11.84%. Currently the company’s common shares owned by public are about 199.12M shares, out of which, 198.11M shares are available for trading.

Stock saw a price change of 12.35% in past 5 days and over the past one month there was a price change of 13.29%. Year-to-date (YTD), COO shares are showing a performance of 11.75% which increased to 11.85% 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 1.20 million. The stock is currently trading 13.28% above its 20-day simple moving average (SMA20), while that difference is up 16.07% for SMA50 and it goes to 13.77% higher than SMA200.

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Cooper Companies, Inc. (NASDAQ: COO) currently have 199.12M outstanding shares and institutions hold larger chunk of about 98.67% of that.

The stock has a current market capitalization of $21.05B and its 3Y-monthly beta is at 0.97. PE ratio of stock for trailing 12 months is 58.91, while it has posted earnings per share of $1.79 in the same period. Its PEG reads 5.21 and has Quick Ratio of 1.18 while making debt-to-equity ratio of 0.33. 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 2.31% while standing at 2.30% over the month.

Stock’s fiscal year EPS is expected to rise by 13.41% while it is estimated to increase by 11.33% 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 Piper Sandler on August 29, 2024 offering an Overweight rating for the stock and assigned a target price range of between $115 and $120 to it. Coverage by Jefferies stated Cooper Companies, Inc. (COO) stock as a Buy in their note to investors on July 16, 2024, suggesting a price target of $115 for the stock. On March 19, 2024, Redburn Atlantic Upgrade their recommendations, while on March 13, 2024, JP Morgan Upgrade their ratings for the stock with a price target of $120. Stock get a Sector weight rating from KeyBanc Capital Markets on February 06, 2024.

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