Redburn Atlantic raised the price target for the Cooper Companies, Inc. (NASDAQ:COO) stock from “a Neutral” to “a Buy”. The rating was released on March 19, 2024, according to finviz. We previously noted in another research note published on March 13, 2024 by JP Morgan that upgraded the stock from a Neutral to an Overweight with a price target of $120 for COO stock. The stock was initiated by BofA Securities, who disclosed in a research note on October 30, 2023, to Buy and set the price objective to $380. In their research brief published October 05, 2023, Redburn Atlantic analysts downgraded the Cooper Companies, Inc. stock from Overweight to Neutral with a price target of $343.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -4.48% within the last five trades and -4.43% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -7.03% in the last 6 months and -13.96% was subtracted to its value over the previous 3 months. COO stock is trading at a margin of -5.50%, -5.50% and -3.41% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, COO deals in the Healthcare domain. The stock is trading -15.81 percent below its 52-week high and 15.39 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -9.12. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Cooper Companies, Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 16.14 percent and the profit margin is 9.11 percent, and the company has reported a gross margin of 61.04 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $17.45 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Cooper Companies, Inc. (NASDAQ:COO) is 51.53. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 22.10. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 4.68 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 2.24, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.52 percent of Cooper Companies, Inc. shares are owned by insiders, and 95.96 percent are held by financial institutions. Ricupati Agostino, the SVP & CAO at Cooper Companies, Inc. (COO) has sold 54,724 shares of firm on Mar 18 ’24 at a price of $100.89 against the total amount of $5.52 million. In another inside trade, WEISS ROBERT S, Director of Cooper Companies, Inc. (NASDAQ:COO) sold 88,075 shares of the firm on Mar 08 ’24 for a total worth of $9.0 million at a price of $102.18. An inside trade which took place on Mar 07 ’24, Director of Cooper Companies, Inc. WEISS ROBERT S sold 153,213 shares of firm against total price of $15.66 million at the cost of $102.21 per share.
