In the latest trading session, 1.28 million Cooper Companies, Inc. (NASDAQ:COO) shares changed hands as the company’s beta touched 0.98. With the company’s most recent per share price at $105.57 changed hands at -$1.15 or -1.07% at last look, the market valuation stands at $21.03B. COO’s current price is a discount, trading about -6.45% off its 52-week high of $112.38. The share price had its 52-week low at $75.93, which suggests the last value was 28.08% up since then. When we look at Cooper Companies, Inc.’s average trading volume, we note the 10-day average is 0.74 million shares, with the 3-month average coming to 1.05 million.
Analysts gave the Cooper Companies, Inc. (COO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.95. If we narrow down to specifics, the data shows that 0 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended COO as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Cooper Companies, Inc.’s EPS for the current quarter is expected to be 1.0.
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Cooper Companies, Inc. (NASDAQ:COO) trade information
Instantly COO was in red as seen in intraday trades today. With action -2.74%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 11.59%, with the 5-day performance at -2.74% in the red. However, in the 30-day time frame, Cooper Companies, Inc. (NASDAQ:COO) is -3.86% down. Looking at the short shares, we see there were 1.68 million shares sold at short interest cover period of 1.5 days.
The consensus price target for the stock as assigned by Wall Street analysts is 368, meaning bulls need an upside of 71.31% from its recent market value. According to analyst projections, COO’s forecast low is 115 with 480 as the target high. To hit the forecast high, the stock’s price needs a -354.67% plunge from its current level, while the stock would need to soar -8.93% for it to hit the projected low.
Cooper Companies, Inc. (COO) estimates and forecasts
Data shows that the Cooper Companies, Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 15.16% over the past 6 months, a 14.06% in annual growth rate that is considerably higher than the industry average of 6.80%. Year-over-year growth is forecast to reach 8.70% up from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 1.03B. 7 analysts are of the opinion that Cooper Companies, Inc.’s revenue for the current quarter will be 1B. The company’s revenue for the corresponding quarters a year ago was 927.1M and 915.94M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 10.70%. The estimates for the next quarter sales put growth at 9.60%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 15.98%. The 2024 estimates are for Cooper Companies, Inc. earnings to increase by 14.13%, but the outlook for the next 5-year period is at 12.43% per year.
COO Dividends
Cooper Companies, Inc. is expected to release its next quarterly earnings report on 2024-Dec-05. During the past 5 years, the average dividend yield was 0.02 per year.
Cooper Companies, Inc. (NASDAQ:COO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.54% of Cooper Companies, Inc. shares while 98.90% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 99.44%. There are 98.90% institutions holding the Cooper Companies, Inc. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.9235% of the shares, roughly 23.72 million COO shares worth $2.07 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.7499% or 17.4 million shares worth $1.52 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 6.29 shares estimated at $662.46 million under it, the former controlled 3.16% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.56% of the shares, roughly 5.1 shares worth around $537.62 million.
