Cooper Companies, Inc. (NASDAQ: COO) has a higher price-to-earnings ratio of 61.92x compared to its average ratio, The 36-month beta value for COO is at 0.96. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 7 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for COO is 197.74M, and currently, shorts hold a 1.10% of that float. The average trading volume for COO on April 25, 2024 was 1.13M shares.
COO) stock’s latest price update
The stock of Cooper Companies, Inc. (NASDAQ: COO) has decreased by -1.61 when compared to last closing price of 91.68.Despite this, the company has seen a gain of 0.38% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-24 that The Cooper Companies (COO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
COO’s Market Performance
COO’s stock has risen by 0.38% in the past week, with a monthly drop of -10.58% and a quarterly drop of -5.04%. The volatility ratio for the week is 1.64% while the volatility levels for the last 30 days are 1.68% for Cooper Companies, Inc. The simple moving average for the last 20 days is -5.88% for COO’s stock, with a simple moving average of -1.02% for the last 200 days.
Analysts’ Opinion of COO
Many brokerage firms have already submitted their reports for COO stocks, with Redburn Atlantic repeating the rating for COO by listing it as a “Buy.” The predicted price for COO in the upcoming period, according to Redburn Atlantic is $125 based on the research report published on March 19, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see COO reach a price target of $120, previously predicting the price at $100. The rating they have provided for COO stocks is “Overweight” according to the report published on March 13th, 2024.
COO Trading at -7.48% from the 50-Day Moving Average
After a stumble in the market that brought COO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.33% of loss for the given period.
Volatility was left at 1.68%, however, over the last 30 days, the volatility rate increased by 1.64%, as shares sank -10.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.80% lower at present.
During the last 5 trading sessions, COO rose by +0.38%, which changed the moving average for the period of 200-days by -5.90% in comparison to the 20-day moving average, which settled at $95.31. In addition, Cooper Companies, Inc. saw -4.66% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at COO starting from Ricupati Agostino, who sale 54,724 shares at the price of $100.89 back on Mar 18 ’24. After this action, Ricupati Agostino now owns 5,081 shares of Cooper Companies, Inc., valued at $5,521,230 using the latest closing price.
WEISS ROBERT S, the Director of Cooper Companies, Inc., sale 88,075 shares at $102.18 during a trade that took place back on Mar 08 ’24, which means that WEISS ROBERT S is holding 282,772 shares at $8,999,732 based on the most recent closing price.
Stock Fundamentals for COO
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.65 for the gross margin
The net margin for Cooper Companies, Inc. stands at 0.08. The total capital return value is set at 0.05. Equity return is now at value 3.87, with 2.47 for asset returns.
Based on Cooper Companies, Inc. (COO), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.36. The interest coverage ratio of the stock is 4.37.
Currently, EBITDA for the company is 704.4 million with net debt to EBITDA at 3.47. When we switch over and look at the enterprise to sales, we see a ratio of 5.61. The receivables turnover for the company is 5.63for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.86.
Conclusion
In conclusion, Cooper Companies, Inc. (COO) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
