KeyCorp reaffirmed their hold rating on shares of Cooper Companies, Inc. (The) (NYSE:COO) in a research report released on Monday.

COO has been the subject of several other research reports. Zacks Investment Research cut shares of Cooper Companies, Inc. (The) from a buy rating to a hold rating in a research report on Thursday, June 1st. BidaskClub cut shares of Cooper Companies, Inc. (The) from a strong-buy rating to a buy rating in a research report on Tuesday, July 25th. Jefferies Group LLC set a $250.00 price target on shares of Cooper Companies, Inc. (The) and gave the company a buy rating in a research report on Thursday, August 17th. Robert W. Baird reissued a buy rating and set a $251.00 price target on shares of Cooper Companies, Inc. (The) in a research report on Thursday, August 24th. Finally, Piper Jaffray Companies increased their price target on shares of Cooper Companies, Inc. (The) to $265.00 and gave the company an overweight rating in a research report on Wednesday, July 19th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Cooper Companies, Inc. (The) currently has an average rating of Buy and a consensus target price of $242.33.

Cooper Companies, Inc. (COO) opened at 246.11 on Monday. The company has a 50-day moving average of $246.40 and a 200 day moving average of $219.29. Cooper Companies, Inc. has a 52-week low of $158.73 and a 52-week high of $256.39. The company has a market cap of $12.02 billion, a PE ratio of 36.90 and a beta of 0.61.

Cooper Companies, Inc. (The) (NYSE:COO) last announced its quarterly earnings data on Thursday, June 1st. The medical device company reported $2.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.25 by $0.25. The company had revenue of $522.40 million during the quarter, compared to analysts’ expectations of $520.71 million. Cooper Companies, Inc. (The) had a net margin of 16.02% and a return on equity of 15.88%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.05 EPS. Equities research analysts predict that Cooper Companies, Inc. will post $9.64 EPS for the current year.

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The business also recently disclosed a semiannual dividend, which was paid on Monday, August 7th. Shareholders of record on Friday, July 21st were issued a $0.03 dividend. The ex-dividend date was Wednesday, July 19th. This represents a yield of 0.02%. Cooper Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 0.90%.

In other Cooper Companies, Inc. (The) news, CEO Paul L. Remmell sold 9,294 shares of the company’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $248.46, for a total value of $2,309,187.24. Following the completion of the transaction, the chief executive officer now directly owns 6,186 shares in the company, valued at approximately $1,536,973.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Carol R. Kaufman sold 5,408 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $240.86, for a total transaction of $1,302,570.88. Following the completion of the transaction, the executive vice president now owns 49,327 shares of the company’s stock, valued at $11,880,901.22. The disclosure for this sale can be found here. Insiders sold a total of 67,331 shares of company stock valued at $16,400,454 over the last 90 days. Company insiders own 1.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of COO. BlackRock Inc. raised its position in shares of Cooper Companies, Inc. (The) by 2,849.1% in the first quarter. BlackRock Inc. now owns 3,071,637 shares of the medical device company’s stock valued at $613,991,000 after buying an additional 2,967,481 shares during the period. Janus Henderson Group PLC raised its position in shares of Cooper Companies, Inc. (The) by 558.5% in the second quarter. Janus Henderson Group PLC now owns 2,175,791 shares of the medical device company’s stock valued at $520,937,000 after buying an additional 1,845,368 shares during the period. Pioneer Investment Management Inc. raised its position in shares of Cooper Companies, Inc. (The) by 136.6% in the second quarter. Pioneer Investment Management Inc. now owns 1,226,250 shares of the medical device company’s stock valued at $293,589,000 after buying an additional 708,028 shares during the period. Janus Capital Management LLC raised its position in shares of Cooper Companies, Inc. (The) by 35.7% in the first quarter. Janus Capital Management LLC now owns 1,743,182 shares of the medical device company’s stock valued at $348,441,000 after buying an additional 458,173 shares during the period. Finally, Koch Industries Inc. bought a new position in shares of Cooper Companies, Inc. (The) during the second quarter valued at approximately $312,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

About Cooper Companies, Inc. (The)

The Cooper Companies, Inc is a global medical device company. The Company operates through two business units: CooperVision, Inc and CooperSurgical, Inc CooperVision offers soft contact lenses for the vision correction market. CooperVision develops, manufactures and markets a range of single-use, two-week and monthly contact lenses.

Analyst Recommendations for Cooper Companies, Inc. (The) (NYSE:COO)

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