Press coverage about Coherent (NASDAQ:COHR) has been trending somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Coherent earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the scientific and technical instruments company an impact score of 46.3027680330643 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

A number of research analysts recently weighed in on COHR shares. Benchmark Co. restated a “buy” rating on shares of Coherent in a research report on Wednesday, May 10th. Stifel Nicolaus increased their price objective on shares of Coherent from $220.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. Needham & Company LLC increased their price objective on shares of Coherent from $215.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. Susquehanna Bancshares Inc restated a “neutral” rating and set a $240.00 price objective (up previously from $225.00) on shares of Coherent in a research report on Wednesday, May 10th. Finally, Zacks Investment Research upgraded shares of Coherent from a “hold” rating to a “strong-buy” rating and set a $286.00 price objective on the stock in a research report on Monday, May 15th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $268.88.

Coherent (NASDAQ COHR) opened at 214.53 on Friday. Coherent has a 52-week low of $100.01 and a 52-week high of $278.39. The firm has a 50-day moving average of $243.98 and a 200 day moving average of $217.57. The company has a market capitalization of $5.26 billion, a P/E ratio of 32.30 and a beta of 0.72.

Coherent (NASDAQ:COHR) last released its earnings results on Tuesday, August 1st. The scientific and technical instruments company reported $3.36 earnings per share for the quarter, missing the consensus estimate of $3.45 by $0.09. The company had revenue of $464.10 million for the quarter, compared to analysts’ expectations of $466.90 million. Coherent had a return on equity of 24.98% and a net margin of 11.08%. The firm’s revenue for the quarter was up 112.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.07 EPS. Equities analysts predict that Coherent will post $12.27 earnings per share for the current fiscal year.

In other Coherent news, EVP Mark Stewart Sobey sold 4,904 shares of Coherent stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $243.02, for a total transaction of $1,191,770.08. Following the completion of the sale, the executive vice president now directly owns 12,397 shares in the company, valued at approximately $3,012,718.94. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen A. Skaggs sold 500 shares of Coherent stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $249.48, for a total transaction of $124,740.00. Following the sale, the director now owns 12,000 shares of the company’s stock, valued at $2,993,760. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,874 shares of company stock valued at $8,667,703. Company insiders own 1.40% of the company’s stock.

WARNING: This article was reported by Watch List News and is owned by of Watch List News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.watchlistnews.com/somewhat-positive-news-coverage-somewhat-unlikely-to-affect-coherent-cohr-stock-price/1476386.html.

Coherent Company Profile

Coherent, Inc is a photonics manufacturer. The Company is engaged in designing, manufacturing, servicing and marketing of lasers and related accessories for a range of scientific, commercial and industrial applications. It operates through two segments: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC).

Insider Buying and Selling by Quarter for Coherent (NASDAQ:COHR)

Receive News & Ratings for Coherent Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coherent Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.