Cooper Companies, Inc. (The) (COO) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Cooper Companies, Inc. (The) (NYSE:COO) from a hold rating to a buy rating in a research report report published on Tuesday. Zacks Investment Research currently has $265.00 target price on the medical device company’s stock.

According to Zacks, “The Cooper Companies had an impressive run on the bourse over the last six months. The company ended third-quarter fiscal 2017 on a solid note, beating the Zacks Consensus Estimate on both lines. The Cooper Companies has always seen impressive results at its CooperVision business segment. Notably, the segment banks on the platforms of MyDay, Clariti and Biofinity silicone hydrogel lenses. The CooperSurgical segment also delivered strong sales in the quarter. The company provided strong guidance for fiscal 2017. However, the dampening outlook for the CooperSurgical segment indicates looming concerns. Furthermore, intensifying competition in the contact lens space will continue to increase pricing pressure. Cooper Companies has completed the acquisition of Procornea in the recent past. This added a leading ortho-k technology to Cooper Company’s lens portfolio and marked its foray in the emerging myopia controlled markets.”

COO has been the subject of several other research reports. Robert W. Baird reissued a buy rating and issued a $273.00 price objective (up previously from $267.00) on shares of Cooper Companies, Inc. (The) in a research report on Tuesday, September 12th. Jefferies Group LLC set a $250.00 price objective on shares of Cooper Companies, Inc. (The) and gave the stock a buy rating in a research report on Thursday, August 17th. Oppenheimer Holdings, Inc. reissued a hold rating and issued a $250.00 price objective on shares of Cooper Companies, Inc. (The) in a research report on Tuesday, September 12th. Cleveland Research reissued a buy rating on shares of Cooper Companies, Inc. (The) in a research report on Tuesday, August 22nd. Finally, J P Morgan Chase & Co reissued a hold rating and issued a $235.00 price objective on shares of Cooper Companies, Inc. (The) in a research report on Tuesday, September 12th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Cooper Companies, Inc. (The) presently has a consensus rating of Buy and a consensus target price of $261.11.

Cooper Companies, Inc. (The) (NYSE:COO) last issued its quarterly earnings results on Thursday, August 31st. The medical device company reported $2.64 EPS for the quarter, topping the consensus estimate of $2.58 by $0.06. Cooper Companies, Inc. (The) had a net margin of 16.45% and a return on equity of 16.00%. The firm had revenue of $556.00 million during the quarter, compared to analyst estimates of $552.32 million. During the same quarter in the prior year, the business posted $2.30 earnings per share. Cooper Companies, Inc. (The)’s revenue for the quarter was up 8.0% compared to the same quarter last year.

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In other Cooper Companies, Inc. (The) news, Director Gary S. Petersmeyer sold 3,977 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $244.94, for a total transaction of $974,126.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC lifted its position in shares of Cooper Companies, Inc. (The) by 30.6% in the 2nd quarter. Advisory Services Network LLC now owns 457 shares of the medical device company’s stock worth $109,000 after buying an additional 107 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its position in shares of Cooper Companies, Inc. (The) by 2.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 531 shares of the medical device company’s stock worth $126,000 after buying an additional 11 shares during the last quarter. Archford Capital Strategies LLC lifted its position in shares of Cooper Companies, Inc. (The) by 116.7% in the 1st quarter. Archford Capital Strategies LLC now owns 674 shares of the medical device company’s stock worth $135,000 after buying an additional 363 shares during the last quarter. Acrospire Investment Management LLC lifted its position in shares of Cooper Companies, Inc. (The) by 50.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 600 shares of the medical device company’s stock worth $144,000 after buying an additional 200 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Cooper Companies, Inc. (The) by 3.8% in the 1st quarter. Pacer Advisors Inc. now owns 848 shares of the medical device company’s stock worth $170,000 after buying an additional 31 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Cooper Companies, Inc. (The) Company Profile

The Cooper Companies, Inc is a global medical device company. The Company operates through two business units: CooperVision, Inc and CooperSurgical, Inc CooperVision offers soft contact lenses for the vision correction market. CooperVision develops, manufactures and markets a range of single-use, two-week and monthly contact lenses.

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Analyst Recommendations for Cooper Companies, Inc. (The) (NYSE:COO)

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