ValuEngine upgraded shares of Coherent (NASDAQ:COHR) from a sell rating to a hold rating in a research report report published on Monday morning.

Several other equities analysts have also commented on COHR. Northcoast Research reiterated a buy rating and set a $217.00 price objective on shares of Coherent in a research report on Thursday, August 2nd. BidaskClub lowered Coherent from a hold rating to a sell rating in a research report on Friday, June 22nd. Benchmark reiterated a buy rating and set a $216.00 price objective on shares of Coherent in a research report on Thursday, September 13th. Stifel Nicolaus reduced their price objective on Coherent from $218.00 to $214.00 and set a buy rating on the stock in a research report on Friday, July 27th. Finally, Longbow Research set a $215.00 price objective on Coherent and gave the company a buy rating in a research report on Thursday, August 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $229.57.

Shares of Coherent stock opened at $189.03 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.87 and a current ratio of 3.28. The stock has a market cap of $4.53 billion, a PE ratio of 13.62 and a beta of 1.04. Coherent has a 12 month low of $145.66 and a 12 month high of $329.00.

Coherent (NASDAQ:COHR) last announced its quarterly earnings data on Tuesday, July 31st. The scientific and technical instruments company reported $3.51 EPS for the quarter, missing the consensus estimate of $3.54 by ($0.03). The firm had revenue of $482.00 million for the quarter, compared to the consensus estimate of $491.31 million. Coherent had a net margin of 12.84% and a return on equity of 28.01%. Coherent’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the company posted $3.36 earnings per share. research analysts forecast that Coherent will post 13.14 EPS for the current year.

In related news, EVP Mark Stewart Sobey sold 13,000 shares of the stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $181.86, for a total transaction of $2,364,180.00. Following the completion of the sale, the executive vice president now directly owns 17,887 shares in the company, valued at approximately $3,252,929.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.97% of the company’s stock.

A number of hedge funds have recently modified their holdings of COHR. OppenheimerFunds Inc. boosted its holdings in Coherent by 57.0% during the 2nd quarter. OppenheimerFunds Inc. now owns 1,103,326 shares of the scientific and technical instruments company’s stock valued at $172,582,000 after acquiring an additional 400,681 shares during the period. Sterling Capital Management LLC boosted its holdings in Coherent by 4,143.0% during the 2nd quarter. Sterling Capital Management LLC now owns 343,175 shares of the scientific and technical instruments company’s stock valued at $53,679,000 after acquiring an additional 335,087 shares during the period. Wells Fargo & Company MN boosted its holdings in Coherent by 154.0% during the 2nd quarter. Wells Fargo & Company MN now owns 329,944 shares of the scientific and technical instruments company’s stock valued at $51,609,000 after acquiring an additional 200,049 shares during the period. Handelsbanken Fonder AB purchased a new stake in Coherent during the 1st quarter valued at about $29,295,000. Finally, BlackRock Inc. boosted its holdings in Coherent by 5.5% during the 2nd quarter. BlackRock Inc. now owns 2,276,061 shares of the scientific and technical instruments company’s stock valued at $356,022,000 after acquiring an additional 119,540 shares during the period. Institutional investors own 98.58% of the company’s stock.

Coherent Company Profile

Coherent, Inc provides lasers and laser-based technology in a range of scientific, commercial, and industrial applications worldwide. It operates through two segments, Specialty Lasers and Systems, and Commercial Lasers and Components. The company designs, manufactures, services, and markets lasers, laser tools, precision optics, and related accessories.

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Analyst Recommendations for Coherent (NASDAQ:COHR)

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