Cooper Companies, Inc (NASDAQ: COO) is -10.17% lower on its value in year-to-date trading and has touched a low of $69.81 and a high of $112.38 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The COO stock was last observed hovering at around $80.84 in the last trading session, with the day’s gains setting it 1.74%.
Currently trading at $82.58, the stock is 4.58% and -0.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing 2.15% at the moment leaves the stock -13.17% off its SMA200. COO registered -8.29% loss for a year compared to 6-month loss of -22.62%. The firm has a 50-day simple moving average (SMA 50) of $83.1584 and a 200-day simple moving average (SMA200) of $95.10765.
The stock witnessed a -1.34% gain in the last 1 month and extending the period to 3 months gives it a -13.69%, and is 5.56% up 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 2.42% over the week and 3.80% over the month.
Cooper Companies, Inc (COO) has around 16000 employees, a market worth around $16.51B and $3.93B in sales. Current P/E ratio is 39.93 and Fwd P/E is 18.66. Profit margin for the company is 10.57%. Distance from 52-week low is 18.29% and -26.51% from its 52-week high. The company has generated returns on investments over the last 12 months (3.91%).
with sales reaching $995.12M over the same period.The EPS is expected to grow by 8.01% this year, but quarterly earnings will post 5.68% year-over-year. Quarterly sales are estimated to grow 5.57% in year-over-year returns.
993.0 institutions hold shares in Cooper Companies, Inc (COO), with institutional investors hold 101.77% of the company’s shares. The shares outstanding are 199.90M, and float is at 198.67M with Short Float at 2.01%. Institutions hold 101.14% 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 11.9116 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 8.7411 of the shares outstanding. The other top investors are STATE STREET CORP which holds 8.49 million shares representing 4.2623 and valued at over $740.84 million, while KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC holds 3.928 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).
