Phoenix Financial Ltd. Buys 983 Shares of The Cooper Companies, Inc. (NASDAQ:COO)

Phoenix Financial Ltd. raised its holdings in The Cooper Companies, Inc. (NASDAQ:COO) by 42.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,297 shares of the medical device company’s stock after buying an additional 983 shares during the period. Phoenix Financial Ltd.’s holdings in Cooper Companies were worth $303,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Byrne Asset Management LLC acquired a new stake in shares of Cooper Companies in the fourth quarter valued at approximately $33,000. OFI Invest Asset Management bought a new position in Cooper Companies in the fourth quarter valued at about $34,000. New Age Alpha Advisors LLC bought a new stake in shares of Cooper Companies during the 4th quarter valued at approximately $38,000. West Financial Advisors LLC acquired a new position in shares of Cooper Companies during the fourth quarter worth $49,000. Finally, Atala Financial Inc bought a new position in Cooper Companies in the fourth quarter valued at about $51,000. Institutional investors and hedge funds own 24.39% of the company’s stock.

Cooper Companies Trading Up 2.8 %

NASDAQ COO opened at $77.46 on Friday. The stock has a market capitalization of $15.49 billion, a P/E ratio of 39.72, a P/E/G ratio of 2.25 and a beta of 1.01. The business has a 50 day simple moving average of $84.64 and a 200 day simple moving average of $94.63. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.91 and a quick ratio of 1.12. The Cooper Companies, Inc. has a one year low of $69.81 and a one year high of $112.38.

Cooper Companies (NASDAQ:COO) last released its quarterly earnings data on Thursday, March 6th. The medical device company reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $964.70 million during the quarter, compared to analyst estimates of $981.25 million. Cooper Companies had a net margin of 10.07% and a return on equity of 9.38%. Research analysts expect that The Cooper Companies, Inc. will post 3.98 earnings per share for the current year.

Analysts Set New Price Targets

COO has been the topic of a number of research reports. Needham & Company LLC reissued a “hold” rating on shares of Cooper Companies in a report on Friday, March 7th. Citigroup decreased their price objective on Cooper Companies from $115.00 to $110.00 and set a “buy” rating for the company in a report on Friday, March 7th. BNP Paribas raised Cooper Companies to a “hold” rating in a report on Thursday, March 13th. JPMorgan Chase & Co. decreased their price target on Cooper Companies from $120.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Finally, Robert W. Baird cut their price objective on Cooper Companies from $117.00 to $107.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $110.25.

Cooper Companies Profile

The Cooper Companies, Inc, together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical. The CooperVision segment provides spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, and myopia in the Americas, Europe, Middle East, Africa, and Asia Pacific.