Cooper Companies, Inc. (NASDAQ: COO) is 15.78% higher on its value in year-to-date trading and has touched a low of $75.93 and a high of $112.38 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The COO stock was last observed hovering at around $108.41 in the last trading session, with the day’s gains setting it 1.13%.
Currently trading at $109.54, the stock is 1.60% and 10.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.81 million and changing 1.04% at the moment leaves the stock 15.04% off its SMA200. COO registered 36.04% gain for a year compared to 6-month loss of 7.56%. The firm has a 50-day simple moving average (SMA 50) of $99.1736 and a 200-day simple moving average (SMA200) of $95.35021.
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The stock witnessed a 16.10% gain in the last 1 month and extending the period to 3 months gives it a 25.02%, and is -1.40% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.53% over the week and 2.13% over the month.
Cooper Companies, Inc. (COO) has around 15000 employees, a market worth around $21.82B and $3.80B in sales. Current P/E ratio is 61.03 and Fwd P/E is 26.83. Profit margin for the company is 9.45%. Distance from 52-week low is 44.25% and -2.52% from its 52-week high. The company has generated returns on investments over the last 12 months (3.42%).
The EPS is expected to grow by 14.13% this year
941.0 institutions hold shares in Cooper Companies, Inc. (COO), with institutional investors hold 99.47% of the company’s shares. The shares outstanding are 199.16M, and float is at 198.15M with Short Float at 0.98%. Institutions hold 98.93% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 23.72 million shares valued at $2.07 billion. The investor’s holdings represent 11.9235 of the COO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 17.4 million shares valued at $1.52 billion to account for 8.7499 of the shares outstanding. The other top investors are STATE STREET CORP which holds 8.49 million shares representing 4.2666 and valued at over $740.84 million, while KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC holds 3.9319 of the shares totaling 7.82 million with a market value of $682.74 million.
Cooper Companies, Inc. (COO) Insider Activity
The most recent transaction is an insider sale by White Albert G III, the company’s President & CEO. SEC filings show that White Albert G III sold 114,992 shares of the company’s common stock on Sep 19 ’24 at a price of $110.53 per share for a total of $12.71 million. Following the sale, the insider now owns 0.17 million shares.
Still, SEC filings show that on Sep 10 ’24, Ricupati Agostino (SVP & CAO) disposed off 1,601 shares at an average price of $108.03 for $0.17 million. The insider now directly holds 4,818 shares of Cooper Companies, Inc. (COO).
