The Cooper Companies: Rating Upgrade As Near-Term Momentum Should Continue [Seeking Alpha]
The Cooper Companies, Inc. (COO)
Last the cooper companies, inc. earnings: 3/5 04:15 pm
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US:NYSE Investor Relations:
investor.coopercos.com
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Source: Seeking Alpha
COO's recent results showed 8% growth in constant currency, beating revenue estimates, and raising guidance for FY24. COO is well-positioned to continue delivering growth above the market, with strong product fit and distribution capabilities, and potential for expansion in the myopia management segment. Overview I previously rated a hold rating for The Cooper Companies ( NASDAQ: COO ), as I thought the valuation was too high back then, in July 2023. I believe my call was right, as the stock saw a sharp reversion back to its historical trading multiple of 19-22x forward PE, which led to a sharp reversion in share price from ~$100 to $75 in just 3 months. As COO ended FY23, I thought to give an update on the business and my outlook. My recommendation for COO is a buy rating with an expected return of 8% over a 6-month period (or ~16% on an annualized basis). My view is that the near-term demand outlook remains very strong and that COO has the right product fit to continue captur
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News
- At US$90.42, Is It Time To Put The Cooper Companies, Inc. (NASDAQ:COO) On Your Watch List? [Yahoo! Finance]Yahoo! Finance
- The Cooper Companies, Inc. (NASDAQ: COO) had its price target raised by analysts at Citigroup Inc. from $108.00 to $116.00. They now have a "buy" rating on the stock.MarketBeat
- The Cooper Companies, Inc. (NASDAQ: COO) was upgraded by analysts at Redburn Atlantic from a "neutral" rating to a "buy" rating. They now have a $125.00 price target on the stock.MarketBeat
- The Cooper Companies, Inc. (NASDAQ: COO) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating. They now have a $120.00 price target on the stock, up previously from $100.00.MarketBeat
- Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio [Yahoo! Finance]Yahoo! Finance
COO
Earnings
- 2/29/24 - Beat
COO
Sec Filings
- 4/18/24 - Form 144
- 4/9/24 - Form 144
- 4/4/24 - Form 144
- COO's page on the SEC website