Headlines about Coherent (NASDAQ:COHR) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Coherent earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news headlines about the scientific and technical instruments company an impact score of 46.5382706650217 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Coherent (NASDAQ:COHR) traded up $3.33 on Tuesday, reaching $213.74. 748,570 shares of the company traded hands, compared to its average volume of 727,856. The company has a market capitalization of $5,300.00, a price-to-earnings ratio of 29.81 and a beta of 0.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.08 and a current ratio of 3.18. Coherent has a one year low of $179.60 and a one year high of $329.00.
Coherent (NASDAQ:COHR) last posted its quarterly earnings results on Wednesday, February 7th. The scientific and technical instruments company reported $3.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.52 by $0.02. The company had revenue of $477.60 million during the quarter, compared to analyst estimates of $474.21 million. Coherent had a net margin of 11.79% and a return on equity of 29.82%. The firm’s revenue for the quarter was up 38.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.57 earnings per share. equities analysts predict that Coherent will post 14.62 EPS for the current year.
Several research firms have recently issued reports on COHR. BidaskClub upgraded shares of Coherent from a “hold” rating to a “buy” rating in a research note on Thursday, January 18th. Zacks Investment Research lowered shares of Coherent from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Stifel Nicolaus upped their target price on shares of Coherent from $290.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Barclays set a $332.00 target price on shares of Coherent and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Finally, Benchmark upped their target price on shares of Coherent from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $312.22.
In related news, Director Stephen A. Skaggs sold 500 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $212.27, for a total transaction of $106,135.00. Following the completion of the transaction, the director now owns 10,500 shares in the company, valued at $2,228,835. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Paul F. Sechrist sold 1,372 shares of the stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $300.00, for a total transaction of $411,600.00. Following the transaction, the executive vice president now owns 2,497 shares of the company’s stock, valued at approximately $749,100. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,874 shares of company stock valued at $807,193. 0.97% of the stock is owned by company insiders.
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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