Coherent (NASDAQ:COHR) had its price objective raised by Stifel Nicolaus from $165.00 to $174.00 in a research report report published on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the scientific and technical instruments company’s stock.

COHR has been the subject of several other reports. Susquehanna Bancshares downgraded Coherent from a positive rating to a neutral rating and set a $140.00 target price for the company. in a report on Monday, April 29th. Zacks Investment Research downgraded Coherent from a hold rating to a strong sell rating in a report on Monday, February 4th. TheStreet raised Coherent from a c+ rating to a b- rating in a report on Thursday, March 21st. BidaskClub raised Coherent from a hold rating to a buy rating in a research report on Thursday, February 14th. Finally, Barclays lowered Coherent from an overweight rating to an equal weight rating and dropped their price target for the company from $162.00 to $125.00 in a research report on Thursday, January 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $169.88.

Shares of NASDAQ COHR traded up $13.44 during mid-day trading on Wednesday, hitting $155.49. 771,094 shares of the company traded hands, compared to its average volume of 378,680. Coherent has a 1 year low of $90.10 and a 1 year high of $192.37. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 11.92 and a beta of 1.58. The company has a quick ratio of 1.95, a current ratio of 3.26 and a debt-to-equity ratio of 0.31.

Coherent (NASDAQ:COHR) last announced its earnings results on Tuesday, April 30th. The scientific and technical instruments company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.01). Coherent had a net margin of 11.56% and a return on equity of 17.96%. The company had revenue of $372.90 million for the quarter, compared to analysts’ expectations of $369.11 million. During the same period in the prior year, the company earned $3.37 earnings per share. The company’s revenue for the quarter was down 22.5% on a year-over-year basis. As a group, sell-side analysts expect that Coherent will post 7.15 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Coherent by 0.3% during the third quarter. Vanguard Group Inc. now owns 2,185,105 shares of the scientific and technical instruments company’s stock valued at $376,253,000 after buying an additional 5,472 shares during the period. Vanguard Group Inc increased its position in Coherent by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 2,185,105 shares of the scientific and technical instruments company’s stock worth $376,253,000 after purchasing an additional 5,472 shares during the last quarter. Eagle Asset Management Inc. increased its position in Coherent by 0.3% in the 4th quarter. Eagle Asset Management Inc. now owns 1,186,202 shares of the scientific and technical instruments company’s stock worth $125,393,000 after purchasing an additional 2,995 shares during the last quarter. Victory Capital Management Inc. increased its position in Coherent by 9.7% in the 1st quarter. Victory Capital Management Inc. now owns 1,011,282 shares of the scientific and technical instruments company’s stock worth $143,319,000 after purchasing an additional 89,701 shares during the last quarter. Finally, Royce & Associates LP increased its position in Coherent by 432.4% in the 4th quarter. Royce & Associates LP now owns 560,591 shares of the scientific and technical instruments company’s stock worth $59,260,000 after purchasing an additional 455,291 shares during the last quarter. 96.43% of the stock is currently owned by hedge funds and other institutional investors.

Coherent Company Profile

Coherent, Inc provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial applications. It operates through two segments, OEM Laser Sources and Industrial Lasers & Systems. The company designs, manufactures, markets, and services lasers, laser tools, precision optics, and related accessories; and laser measurement and control products.

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Analyst Recommendations for Coherent (NASDAQ:COHR)

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