In the latest trading session, 1.07 million Coherent Corp (NYSE:COHR) shares changed hands as the company’s beta touched 1.67. With the company’s most recent per share price at $87.63 changing hands around $0.13 or 0.15% at last look, the market valuation stands at $13.55B. COHR’s current price is a discount, trading about -29.64% off its 52-week high of $113.60. The share price had its 52-week low at $47.66, which suggests the last value was 45.61% up since then. When we look at Coherent Corp’s average trading volume, we note the 10-day average is 4.5 million shares, with the 3-month average coming to 2.89 million.
Analysts gave the Coherent Corp (COHR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.77. If we narrow down to specifics, the data shows that 0 out of 19 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended COHR as a Hold, 15 felt it is a Buy and 0 rated the stock as Underweight. Coherent Corp’s EPS for the current quarter is expected to be 0.67.
Coherent Corp (NYSE:COHR) trade information
Instantly COHR is in green as seen in intraday trades today. With action 6.23%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -7.49%, with the 5-day performance at 6.23% in the green. However, in the 30-day time frame, Coherent Corp (NYSE:COHR) is -12.88% down. Looking at the short shares, we see there were 6.11 million shares sold at short interest cover period of 2.38 days.
The consensus price target for the stock as assigned by Wall Street analysts is 108, meaning bulls need an upside of 18.86% from its recent market value. According to analyst projections, COHR’s forecast low is 85 with 120 as the target high. To hit the forecast high, the stock’s price needs a -36.94% plunge from its current level, while the stock would need to tank 3.0% for it to hit the projected low.
Coherent Corp (COHR) estimates and forecasts
Data shows that the Coherent Corp 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 48.70% over the past 6 months, a 80.84% in annual growth rate that is considerably higher than the industry average of 14.10%. Year-over-year growth is forecast to reach 17.95% up from the last financial year.
Consensus estimates given by 16 financial analysts project the company’s revenue in the current quarter to hit an average of 1.37B. 16 analysts are of the opinion that Coherent Corp’s revenue for the current quarter will be 1.4B. The company’s revenue for the corresponding quarters a year ago was 1.13B and 1.21B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 21.04%. The estimates for the next quarter sales put growth at 15.66%.
The 2025 estimates are for Coherent Corp earnings to increase by 81.06%.
COHR Dividends
Coherent Corp is expected to release its next quarterly earnings report in March.
Coherent Corp (NYSE:COHR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.18% of Coherent Corp shares while 94.67% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 95.80%. There are 94.67% institutions holding the Coherent Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 10.0679% of the shares, roughly 15.41 million COHR shares worth $1.12 billion.
DODGE & COX holds the second largest percentage of outstanding shares, with 9.1572% or 14.01 million shares worth $1.02 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Dodge & Cox Stock Fund and iShares Core S&P Midcap ETF. With 6.61 shares estimated at $578.07 million under it, the former controlled 4.28% of total outstanding shares. On the other hand, iShares Core S&P Midcap ETF held about 3.18% of the shares, roughly 4.92 shares worth around $430.39 million.
