On December 18, 2023, Maria Rivas, a director at The Cooper Companies, Inc. (NASDAQ: COO), acquired 1,000 shares of the company’s stock at an average price of $82.13 per share. The total transaction value reached $82,130.00. Following this acquisition, Rivas now holds 11,141 shares, valued at approximately $915,010.33, marking a 9.86% increase in her ownership stake.
The purchase was documented in a legal filing with the Securities and Exchange Commission, highlighting the director’s confidence in the company’s future performance.
Cooper Companies Stock Performance
On the following day, December 19, 2023, shares of The Cooper Companies opened at $82.75. The company boasts a market capitalization of $16.22 billion, with a price-to-earnings (P/E) ratio of 44.02 and a P/E growth (P/E/G) ratio of 2.35. Notably, the stock has fluctuated between a 52-week low of $61.78 and a high of $100.24.
Analyzing the financial health of Cooper Companies reveals a debt-to-equity ratio of 0.30, a quick ratio of 1.13, and a current ratio of 1.89. The stock’s performance indicators include a 50-day simple moving average of $74.70 and a 200-day simple moving average of $71.99.
Latest Earnings Report and Forecasts
In its most recent earnings report, published on December 4, 2023, Cooper Companies reported earnings of $1.15 per share for the quarter, surpassing analysts’ expectations of $1.11 by $0.04. The company generated revenue of $1.07 billion, exceeding the anticipated $1.06 billion. The firm also noted a net margin of 9.16% and a return on equity of 10.02%, with a year-over-year revenue growth of 4.6%.
Looking ahead, Cooper Companies has set its fiscal year 2026 guidance at earnings per share (EPS) between $4.450 and $4.600, while estimating Q1 2026 EPS in the range of $1.020 to $1.040. Analysts forecast a current year EPS of $3.98 for the company.
In the investment community, several institutional investors have adjusted their stakes in Cooper Companies recently. Alecta Tjanstepension Omsesidigt increased its position by 15.8% during the third quarter, now holding 1,563,000 shares valued at $107,112,000. Allworth Financial LP raised its stake by 23.9%, owning 1,188 shares valued at $81,000. Notably, IFP Advisors Inc. made a significant move, boosting its stake by 2,647.8%, bringing its total to 632 shares valued at $43,000.
As of now, institutional investors control 24.39% of the company’s stock.
Equity analysts have also been active in adjusting their ratings for Cooper Companies. Needham & Company LLC maintained a “buy” rating, increasing the target price to $100.00 from a previous $94.00. Other analysts, including those from Wells Fargo & Company and Morgan Stanley, have raised their price targets, indicating a generally positive outlook for the company’s performance.
Overall, The Cooper Companies, Inc., a leading player in the medical device sector, continues to demonstrate resilience and potential for growth. The recent stock purchases by its director and positive earnings results reflect a strong commitment to the company’s future.
