Coherent (COHR) Receiving Somewhat Favorable Media Coverage, Analysis Shows

News coverage about Coherent (NASDAQ:COHR) has been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Coherent earned a news impact score of 0.07 on Accern’s scale. Accern also assigned news coverage about the scientific and technical instruments company an impact score of 46.105418484659 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the media stories that may have effected Accern Sentiment’s analysis:

A number of equities research analysts recently weighed in on COHR shares. Benchmark reissued a “buy” rating and issued a $290.00 price target on shares of Coherent in a research report on Thursday, October 12th. Northcoast Research reaffirmed a “buy” rating and issued a $314.00 target price (up from $311.00) on shares of Coherent in a report on Tuesday, September 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $290.00 target price on shares of Coherent in a report on Wednesday, September 13th. Needham & Company LLC upped their target price on shares of Coherent from $270.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Finally, Summit Redstone reaffirmed a “buy” rating and issued a $320.00 target price on shares of Coherent in a report on Saturday, September 23rd. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $317.33.

Shares of Coherent (NASDAQ COHR) traded down $7.70 during trading hours on Wednesday, hitting $293.09. 333,300 shares of the stock were exchanged, compared to its average volume of 353,851. Coherent has a 1-year low of $140.86 and a 1-year high of $320.73. The company has a quick ratio of 2.14, a current ratio of 3.13 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $7,270.00, a PE ratio of 34.85 and a beta of 0.82.

Coherent (NASDAQ:COHR) last announced its earnings results on Tuesday, November 7th. The scientific and technical instruments company reported $3.72 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company earned $1.65 earnings per share. The business’s revenue was up 97.2% compared to the same quarter last year. equities research analysts forecast that Coherent will post 15.56 earnings per share for the current fiscal year.

In other news, VP Bret Dimarco sold 5,819 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $294.75, for a total transaction of $1,715,150.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stephen A. Skaggs sold 500 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $308.97, for a total transaction of $154,485.00. Following the transaction, the director now owns 11,000 shares in the company, valued at $3,398,670. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,788 shares of company stock worth $5,901,628. Company 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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