It is Poised to be a Bull Market for Cooper Companies, Inc. (COO)

With 1.03 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.18 million shares. During the session, the Medical Instruments & Supplies company that operates in wider Healthcare sector, reached to the highest price of $109.58 whereas the lowest price it dropped to was $107.71. The 52-week range on COO shows that it touched its highest point at $108.68 and its lowest point at $75.93 during that stretch. It currently has a 1-year price target of $114.00. Beta for the stock currently stands at 0.97.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of COO was up-trending over the past week, with a rise of 2.22%, but this was up by 18.34% over a month. Three-month performance surged to 14.82% while six-month performance rose 6.35%. The stock gained 25.18% in the past year, while it has gained 15.06% so far this year. A look at the trailing 12-month EPS for COO yields 1.79 with Next year EPS estimates of 4.07. For the next quarter, that number is 1.00. This implies an EPS growth rate of 14.05% for this year and 11.56% for next year. EPS is expected to grow by 11.45% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 15.98%.

Float and Shares Shorts:

At present, 199.16 million COO shares are outstanding with a float of 198.15 million shares on hand for trading. On 2024-08-15, short shares totaled 2.1 million, which was 105.0 higher than short shares on 1721001600. In addition to Mr. Albert G. White III as the firm’s President, CEO & Non-Independent Director, Mr. Brian G. Andrews serves as its Executive VP, CFO & Treasurer.

Institutional Ownership:

Through their ownership of 0.98942 of COO’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-07-31, COO reported revenue of $1002800000.0 and operating income of $192500000.0. The EBITDA in the recently reported quarter was $280700000.0 and diluted EPS was $0.52.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for COO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.