Cooper Companies, Inc (NASDAQ: COO) is -21.71% lower on its value in year-to-date trading and has touched a low of $65.00 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 $72.33 in the last trading session, with the day’s loss setting it -0.36%.
Currently trading at $71.97, the stock is -6.39% and -8.45% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.56 million and changing -0.50% at the moment leaves the stock -22.68% off its SMA200. COO registered -23.62% loss for a year compared to 6-month loss of -31.44%. The firm has a 50-day simple moving average (SMA 50) of $78.6136 and a 200-day simple moving average (SMA200) of $93.07885.
The stock witnessed a -13.21% gain in the last 1 month and extending the period to 3 months gives it a -9.91%, and is 7.42% 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 2.55% over the week and 4.08% over the month.
Cooper Companies, Inc (COO) has around 16000 employees, a market worth around $14.36B and $3.99B in sales. Current P/E ratio is 34.91 and Fwd P/E is 16.28. Profit margin for the company is 10.39%. Distance from 52-week low is 10.72% and -35.96% from its 52-week high. The company has generated returns on investments over the last 12 months (3.83%).
The EPS is expected to grow by 10.14% this year.
Cooper Companies, Inc (COO) Top Institutional Holders
966.0 institutions hold shares in Cooper Companies, Inc (COO), with institutional investors hold 103.43% of the company’s shares. The shares outstanding are 199.50M, and float is at 198.21M with Short Float at 2.52%. Institutions hold 102.79% 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).
