Coherent (COHR) Receives Daily Coverage Optimism Rating of 0.11

Media headlines about Coherent (NASDAQ:COHR) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Coherent earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media stories about the scientific and technical instruments company an impact score of 46.5933317864097 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

COHR has been the subject of a number of analyst reports. Barclays initiated coverage on shares of Coherent in a research report on Monday, August 7th. They issued an “overweight” rating and a $285.00 price objective for the company. Zacks Investment Research downgraded shares of Coherent from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Benchmark reaffirmed a “buy” rating and set a $290.00 target price (down previously from $295.00) on shares of Coherent in a report on Tuesday, August 8th. ValuEngine downgraded shares of Coherent from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Susquehanna Bancshares reaffirmed a “positive” rating and set a $275.00 target price on shares of Coherent in a report on Tuesday, September 5th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Coherent currently has an average rating of “Buy” and an average target price of $309.89.

Shares of Coherent (NASDAQ COHR) traded up $7.85 during mid-day trading on Tuesday, hitting $282.00. 495,247 shares of the company traded hands, compared to its average volume of 443,462. The company has a market cap of $7,186.86, a P/E ratio of 24.35 and a beta of 0.81. The company has a quick ratio of 2.14, a current ratio of 3.13 and a debt-to-equity ratio of 0.51. Coherent has a 1-year low of $128.21 and a 1-year high of $320.73.

Coherent (NASDAQ:COHR) last issued its quarterly earnings data on Tuesday, November 7th. The scientific and technical instruments company reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.48 by $0.24. Coherent had a net margin of 12.02% and a return on equity of 28.53%. The business had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $475.24 million. During the same quarter in the previous year, the company earned $1.65 EPS. The business’s revenue was up 97.2% on a year-over-year basis. equities research analysts anticipate that Coherent will post 15.56 earnings per share for the current fiscal year.

In other Coherent news, Director Stephen A. Skaggs sold 500 shares of Coherent stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $308.97, for a total value of $154,485.00. Following the completion of the sale, the director now owns 11,000 shares in the company, valued at approximately $3,398,670. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Ambroseo sold 25,000 shares of Coherent stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $250.00, for a total transaction of $6,250,000.00. The disclosure for this sale can be found here. Insiders sold a total of 43,416 shares of company stock valued at $11,740,028 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

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About Coherent

Coherent, Inc is a photonics manufacturer. The Company is engaged in designing, manufacturing, servicing and marketing of lasers and related accessories for a range of scientific, commercial and industrial applications. It operates through two segments: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC).

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