Cooper Companies Inc (COO) Forecasted to Earn Q1 2018 Earnings of $2.63 Per Share

Cooper Companies Inc (NYSE:COO) – KeyCorp issued their Q1 2018 EPS estimates for shares of Cooper Companies in a report issued on Thursday. KeyCorp analyst M. Mishan anticipates that the medical device company will earn $2.63 per share for the quarter. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Cooper Companies’ Q2 2018 earnings at $2.90 EPS, Q3 2018 earnings at $3.07 EPS and Q4 2018 earnings at $2.96 EPS.

A number of other research firms also recently weighed in on COO. Robert W. Baird restated a “buy” rating and issued a $273.00 target price (up from $267.00) on shares of Cooper Companies in a report on Tuesday, September 12th. Zacks Investment Research raised shares of Cooper Companies from a “hold” rating to a “buy” rating and set a $277.00 price target for the company in a research note on Tuesday, August 29th. Jefferies Group set a $250.00 price target on shares of Cooper Companies and gave the stock a “buy” rating in a research note on Thursday, August 17th. Oppenheimer reaffirmed a “hold” rating and set a $250.00 price target on shares of Cooper Companies in a research note on Tuesday, September 12th. Finally, Cleveland Research reaffirmed a “buy” rating on shares of Cooper Companies in a research note on Tuesday, August 22nd. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $260.70.

Cooper Companies (NYSE COO) traded up $2.15 during trading on Monday, hitting $231.89. 574,000 shares of the stock were exchanged, compared to its average volume of 421,139. Cooper Companies has a 12-month low of $162.94 and a 12-month high of $256.39. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 2.51. The company has a market cap of $11,245.60, a P/E ratio of 24.57, a PEG ratio of 1.92 and a beta of 0.54.

A number of institutional investors have recently added to or reduced their stakes in COO. Janus Henderson Group PLC lifted its position in shares of Cooper Companies by 558.5% in the 2nd quarter. Janus Henderson Group PLC now owns 2,175,791 shares of the medical device company’s stock worth $520,937,000 after purchasing an additional 1,845,368 shares during the period. Pioneer Investment Management Inc. lifted its position in shares of Cooper Companies by 136.6% in the 2nd quarter. Pioneer Investment Management Inc. now owns 1,226,250 shares of the medical device company’s stock worth $293,589,000 after purchasing an additional 708,028 shares during the period. Koch Industries Inc. purchased a new stake in shares of Cooper Companies in the 2nd quarter worth approximately $312,000. Voya Investment Management LLC lifted its position in shares of Cooper Companies by 973.4% in the 2nd quarter. Voya Investment Management LLC now owns 329,015 shares of the medical device company’s stock worth $78,773,000 after purchasing an additional 298,363 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Cooper Companies in the 2nd quarter worth approximately $71,050,000. 96.79% of the stock is owned by institutional investors.

In other Cooper Companies news, Director Gary S. Petersmeyer sold 3,977 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $244.94, for a total value of $974,126.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by insiders.

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Cooper Companies 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.

Earnings History and Estimates for Cooper Companies (NYSE:COO)

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