The stock price of Cooper Companies, Inc. (NASDAQ: COO) has dropped by -0.47 compared to previous close of 106.80. Despite this, the company has seen a fall of -0.63% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-09 that I reiterate a ‘Buy’ rating for Cooper with a fair value of $120 per share due to their strong market share gains and strategic acquisitions. CooperVision’s revenue grew 10% organically, driven by their focus on Torics, Multifocal, and daily disposable contact lenses, outpacing the market’s 7% growth. Recent acquisitions of obp Surgica and ZyMōt Fertility align with Cooper’s M&A strategy, enhancing their technology in vision and fertility markets.
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 59.22x compared to its average ratio. COO has 36-month beta value of 0.99. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 7 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for COO is 198.15M, and currently, short sellers hold a 0.85% ratio of that float. The average trading volume of COO on October 11, 2024 was 1.15M shares.
COO’s Market Performance
The stock of Cooper Companies, Inc. (COO) has seen a -0.63% decrease in the past week, with a -2.04% drop in the past month, and a 17.06% gain in the past quarter. The volatility ratio for the week is 1.66%, and the volatility levels for the past 30 days are at 1.71% for COO. The simple moving average for the last 20 days is -2.24% for COO’s stock, with a simple moving average of 10.48% for the last 200 days.
Analysts’ Opinion of COO
Many brokerage firms have already submitted their reports for COO stocks, with Piper Sandler repeating the rating for COO by listing it as a “Overweight.” The predicted price for COO in the upcoming period, according to Piper Sandler is $120 based on the research report published on August 29, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see COO reach a price target of $115, previously predicting the price at $107. The rating they have provided for COO stocks is “Buy” according to the report published on July 16th, 2024.
Redburn Atlantic gave a rating of “Buy” to COO, setting the target price at $125 in the report published on March 19th of the current year.
COO Trading at 3.98% 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 -5.41% of loss for the given period.
Volatility was left at 1.71%, however, over the last 30 days, the volatility rate increased by 1.66%, as shares sank -2.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.90% upper at present.
During the last 5 trading sessions, COO fell by -0.63%, which changed the moving average for the period of 200-days by +13.87% in comparison to the 20-day moving average, which settled at $108.73. In addition, Cooper Companies, Inc. saw 12.36% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at COO starting from White Albert G III, who sale 114,992 shares at the price of $110.53 back on Sep 19 ’24. After this action, White Albert G III now owns 165,273 shares of Cooper Companies, Inc., valued at $12,710,041 using the latest closing price.
Albert G. White III, the Officer of Cooper Companies, Inc., proposed sale 114,992 shares at $110.53 during a trade that took place back on Sep 19 ’24, which means that Albert G. White III is holding shares at $12,709,660 based on the most recent closing price.
Stock Fundamentals for COO
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.62 for the gross margin
The net margin for Cooper Companies, Inc. stands at 0.09. The total capital return value is set at 0.06. Equity return is now at value 4.65, with 3.02 for asset returns.
Based on Cooper Companies, Inc. (COO), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is 5.06.
Currently, EBITDA for the company is 704.4 million with net debt to EBITDA at 2.6. When we switch over and look at the enterprise to sales, we see a ratio of 6.23. The receivables turnover for the company is 5.15for 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 1.99.
Conclusion
To put it simply, Cooper Companies, Inc. (COO) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.
