Currently, there are 199.60M common shares owned by the public and among those 198.58M shares have been available to trade.
The company’s stock has a 5-day price change of -1.78% and -14.39% over the past three months. COO shares are trading -1.90% year to date (YTD), with the 12-month market performance down to -0.58% lower. It has a 12-month low price of $84.76 and touched a high of $112.38 over the same period. COO has an average intraday trading volume of 1.34 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.51%, -8.72%, and -5.19% respectively.
Institutional ownership of Cooper Companies, Inc (NASDAQ: COO) shares accounts for 97.67% of the company’s 199.60M shares outstanding.
It has a market capitalization of $18.52B and a beta (3y monthly) value of 0.98. The stock’s trailing 12-month PE ratio is 47.45, while the earnings-per-share (ttm) stands at $1.96. The company has a PEG of 4.52 and a Quick Ratio of 1.12 with the debt-to-equity ratio at 0.35. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.07% over the week and 2.29% over the month.
Analysts forecast that Cooper Companies, Inc (COO) will achieve an EPS of 0.91 for the current quarter, 0.93 for the next quarter and 4.44 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.89 while analysts give the company a high EPS estimate of 0.89. Comparatively, EPS for the current quarter was 0.85 a year ago. Earnings per share for the fiscal year are expected to increase by 8.12%, and 11.71% over the next financial year. EPS should grow at an annualized rate of 10.50% over the next five years, compared to -3.45% over the past 5-year period.
Looking at the support for the COO, a number of firms have released research notes about the stock. Piper Sandler stated their Overweight rating for the stock in a research note on August 29, 2024, with the firm’s price target at $115-$120. Jefferies coverage for the Cooper Companies, Inc (COO) stock in a research note released on July 16, 2024 offered a Buy rating with a price target of $115. Redburn Atlantic was of a view on March 19, 2024 that the stock is Buy, while JP Morgan gave the stock Overweight rating on March 13, 2024, issuing a price target of $100- $120. KeyBanc Capital Markets on their part issued Sector Weight rating on February 06, 2024.
