In the latest session, Coherent Corp (NYSE: COHR) closed at $60.88 up 2.01% from its previous closing price of $59.68. In other words, the price has increased by $+1.20 from its previous closing price. On the day, 1653442 shares were traded.
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Ratios:
For a deeper understanding of Coherent Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.09. For the most recent quarter (mrq), Quick Ratio is recorded 1.79 and its Current Ratio is at 2.88. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.55.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Barclays on January 16, 2024, Upgraded its rating to Overweight and sets its target price to $60 from $38 previously.
On December 13, 2023, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also upped its target price recommendation from $39 to $45.
B. Riley Securities Upgraded its Neutral to Buy on October 11, 2023, whereas the target price for the stock was revised from $31 to $37.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 15 ’24 when MATTERA VINCENT D JR sold 5,000 shares for $58.91 per share. The transaction valued at 294,570 led to the insider holds 674,684 shares of the business.
BASHAW WALTER ROBERT II sold 8,175 shares of COHR for $492,186 on Mar 14 ’24. The President now owns 112,784 shares after completing the transaction at $60.21 per share. On Feb 15 ’24, another insider, Koeppen Christopher, who serves as the Chief Innovation Officer of the company, sold 2,000 shares for $62.02 each. As a result, the insider received 124,040 and left with 66,662 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, COHR now has a Market Capitalization of 9.24B and an Enterprise Value of 15.08B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.00 while its Price-to-Book (P/B) ratio in mrq is 1.69. Its current Enterprise Value per Revenue stands at 3.26 whereas that against EBITDA is 26.05.
Stock Price History:
Over the past 52 weeks, COHR has reached a high of $67.94, while it has fallen to a 52-week low of $26.29. The 50-Day Moving Average of the stock is 57.26, while the 200-Day Moving Average is calculated to be 44.10.
Shares Statistics:
For the past three months, COHR has traded an average of 2.37M shares per day and 2.06M over the past ten days. A total of 151.81M shares are outstanding, with a floating share count of 146.70M. Insiders hold about 3.37% of the company’s shares, while institutions hold 85.89% stake in the company. Shares short for COHR as of Feb 29, 2024 were 3.86M with a Short Ratio of 1.91, compared to 4.57M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.54% and a Short% of Float of 3.40%.
Earnings Estimates
There are 17 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.42 for the current quarter, with a high estimate of $0.59 and a low estimate of $0.34, while EPS last year was $0.58. The consensus estimate for the next quarter is $0.58, with high estimates of $0.99 and low estimates of $0.43.
Analysts are recommending an EPS of between $1.59 and $1.3 for the fiscal current year, implying an average EPS of $1.48. EPS for the following year is $3.08, with 18 analysts recommending between $4.06 and $2.47.
Revenue Estimates
A total of 18 analysts have provided revenue estimates for COHR’s current fiscal year. The highest revenue estimate was $4.66B, while the lowest revenue estimate was $4.57B, resulting in an average revenue estimate of $4.62B. In the same quarter a year ago, actual revenue was $5.16B, down -10.50% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $5.4B in the next fiscal year. The high estimate is $5.79B and the low estimate is $5.21B. The average revenue growth estimate for next year is up 16.90% from the average revenue estimate for this year.
