The stock of Cooper Companies, Inc. (NASDAQ: COO) has decreased by -3.11 when compared to last closing price of 95.89. Despite this, the company has experienced a 1.63% gain in its stock price over the last five trading sessions. zacks.com reported 2024-08-20 that ServiceNow (NOW), Boston Scientific (BSX) and The Cooper Companies (COO) have been selected as the top picks with a high net income ratio.
Is It Worth Investing in Cooper Companies, Inc. (NASDAQ: COO) Right Now?
Cooper Companies, Inc. (NASDAQ: COO) has a higher price-to-earnings ratio of 54.64x compared to its average ratio, The 36-month beta value for COO is at 0.97. 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.”
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The public float for COO is 197.93M, and currently, shorts hold a 1.13% of that float. The average trading volume for COO on August 21, 2024 was 1.17M shares.
COO’s Market Performance
COO’s stock has seen a 1.63% increase for the week, with a 2.47% rise in the past month and a -3.98% fall in the past quarter. The volatility ratio for the week is 1.69%, and the volatility levels for the past 30 days are at 2.25% for Cooper Companies, Inc. The simple moving average for the last 20 days is 0.03% for COO stock, with a simple moving average of 0.34% for the last 200 days.
Analysts’ Opinion of COO
Many brokerage firms have already submitted their reports for COO stocks, with Jefferies repeating the rating for COO by listing it as a “Buy.” The predicted price for COO in the upcoming period, according to Jefferies is $115 based on the research report published on July 16, 2024 of the current year 2024.
Redburn Atlantic, on the other hand, stated in their research note that they expect to see COO reach a price target of $125. The rating they have provided for COO stocks is “Buy” according to the report published on March 19th, 2024.
JP Morgan gave a rating of “Overweight” to COO, setting the target price at $120 in the report published on March 13th of the current year.
COO Trading at 2.03% 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 -10.73% of loss for the given period.
Volatility was left at 2.25%, however, over the last 30 days, the volatility rate increased by 1.69%, as shares surge +0.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.62% lower at present.
During the last 5 trading sessions, COO rose by +1.28%, which changed the moving average for the period of 200-days by +13.14% in comparison to the 20-day moving average, which settled at $92.91. In addition, Cooper Companies, Inc. saw -1.80% 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 153,213 shares at $102.21 during a trade that took place back on Mar 07 ’24, which means that WEISS ROBERT S is holding 282,772 shares at $15,659,610 based on the most recent closing price.
Stock Fundamentals for COO
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.64 for the gross margin
The net margin for Cooper Companies, Inc. stands at 0.09. The total capital return value is set at 0.05. Equity return is now at value 4.48, with 2.88 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 0.35. The interest coverage ratio of the stock is 4.8.
Currently, EBITDA for the company is 704.4 million with net debt to EBITDA at 2.95. When we switch over and look at the enterprise to sales, we see a ratio of 5.66. The receivables turnover for the company is 5.42for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.95.
Conclusion
In conclusion, Cooper Companies, Inc. (COO) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
