Cooper Companies, Inc. (NASDAQ: COO) closed the day trading at $96.12 down -0.39% from the previous closing price of $96.50. In other words, the price has decreased by -$0.38 from its previous closing price. On the day, 817051 shares were traded.
Ratios:
For a better understanding of COO, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 141.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 140.48. For the most recent quarter (mrq), Quick Ratio is recorded 1.08 and its Current Ratio is at 1.86. In the meantime, Its Debt-to-Equity ratio is 0.36 whereas as Long-Term Debt/Eq ratio is at 0.35.
On March 13, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $100 to $120.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 18 ’24 when Ricupati Agostino sold 54,724 shares for $100.89 per share. The transaction valued at 5,521,230 led to the insider holds 5,081 shares of the business.
WEISS ROBERT S sold 88,075 shares of COO for $8,999,732 on Mar 08 ’24. The Director now owns 282,772 shares after completing the transaction at $102.18 per share. On Mar 07 ’24, another insider, WEISS ROBERT S, who serves as the Director of the company, sold 153,213 shares for $102.21 each. As a result, the insider received 15,659,610 and left with 282,772 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, COO now has a Market Capitalization of 19.11B and an Enterprise Value of 21.74B. As of this moment, Cooper’s Price-to-Earnings (P/E) ratio for their current fiscal year is 65.98, and their Forward P/E ratio for the next fiscal year is 24.32. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.21 while its Price-to-Book (P/B) ratio in mrq is 2.48. Its current Enterprise Value per Revenue stands at 5.93 whereas that against EBITDA is 24.30.
Stock Price History:
Over the past 52 weeks, COO has reached a high of $104.07, while it has fallen to a 52-week low of $75.93. The 50-Day Moving Average of the stock is 97.93, while the 200-Day Moving Average is calculated to be 91.28.
Shares Statistics:
Over the past 3-months, COO traded about 1.12M shares per day on average, while over the past 10 days, COO traded about 950.14k shares per day. A total of 198.00M shares are outstanding, with a floating share count of 197.74M. Insiders hold about 0.51% of the company’s shares, while institutions hold 107.70% stake in the company. Shares short for COO as of Mar 28, 2024 were 2.18M with a Short Ratio of 1.96, compared to 2.97M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.10% and a Short% of Float of 1.25%.
Dividends & Splits
COO’s forward annual dividend rate is 0.03, up from 0.01 a year ago. Against a Trailing Annual Dividend Yield of 0.01%, it implies a Forward Annual Dividend Yield of 0.02%. The stock’s 5-year Average Dividend Yield is 0.02.
Earnings Estimates
Current recommendations for the stock of the company come from 15 analysts. On average, analysts expect EPS of $0.83 for the current quarter, with a high estimate of $0.88 and a low estimate of $0.78, while EPS last year was $0.77. The consensus estimate for the next quarter is $0.92, with high estimates of $0.94 and low estimates of $0.9.
Analysts are recommending an EPS of between $3.63 and $3.5 for the fiscal current year, implying an average EPS of $3.55. EPS for the following year is $3.95, with 18 analysts recommending between $4.13 and $3.75.
Revenue Estimates
A total of 19 analysts have provided revenue estimates for COO’s current fiscal year. The highest revenue estimate was $3.93B, while the lowest revenue estimate was $3.86B, resulting in an average revenue estimate of $3.88B. In the same quarter a year ago, actual revenue was $3.59B, up 8.10% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $4.15B in the next fiscal year. The high estimate is $4.31B and the low estimate is $4.11B. The average revenue growth estimate for next year is up 6.80% from the average revenue estimate for this year.
