In the last trading session, 6.11 million Coherent Corp (NYSE:COHR) shares changed hands as the company’s beta touched 1.68. With the company’s per share price at $76.13 changed hands at -$4.09 or -5.10% during last session, the market valuation stood at $11.80B. COHR’s last price was a discount, traded about -49.22% off its 52-week high of $113.60. The share price had its 52-week low at $48.78, which suggests the last value was 35.93% up since then.
Analysts gave the Coherent Corp (COHR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.68. 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 0.86.
Coherent Corp (NYSE:COHR) trade information
Instantly COHR was in red as seen at the end of in last trading. With action -14.15%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -19.63%, with the 5-day performance at -14.15% in the red. However, in the 30-day time frame, Coherent Corp (NYSE:COHR) is -24.12% down.
The consensus price target for the stock as assigned by Wall Street analysts is 114, meaning bulls need an upside of 33.22% from its current market value. According to analyst projections, COHR’s forecast low is 86 with 120 as the target high. To hit the forecast high, the stock’s price needs a -57.63% plunge from its current level, while the stock would need to soar -12.96% for it to hit the projected low.
Coherent Corp (COHR) estimates and forecasts
Year-over-year growth is forecast to reach 20.66% 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 1.44B. 16 analysts are of the opinion that Coherent Corp’s revenue for the current quarter will be 1.47B. The company’s revenue for the corresponding quarters a year ago was 1.21B and 1.31B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 18.81%. The estimates for the next quarter sales put growth at 11.70%.
The 2025 estimates are for Coherent Corp earnings to increase by 106.02%, but the outlook for the next 5-year period is at 45.04% per year.
COHR Dividends
Coherent Corp is expected to release its next quarterly earnings report in March.
DODGE & COX holds the second largest percentage of outstanding shares, with 9.1832% 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 $503.51 million under it, the former controlled 4.27% 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 $374.88 million.
