Gulf International Bank UK Ltd Lowers Stock Position in The Cooper Companies, Inc. (NASDAQ:COO)

Gulf International Bank UK Ltd reduced its stake in The Cooper Companies, Inc. (NASDAQ:COO) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,481 shares of the medical device company’s stock after selling 145 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Cooper Companies were worth $1,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of COO. Wealth Enhancement Advisory Services LLC raised its stake in Cooper Companies by 33.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 9,061 shares of the medical device company’s stock valued at $1,000,000 after purchasing an additional 2,264 shares in the last quarter. Cigna Investments Inc. New purchased a new stake in Cooper Companies in the third quarter valued at approximately $225,000. Stephens Inc. AR raised its stake in Cooper Companies by 16.9% in the third quarter. Stephens Inc. AR now owns 3,570 shares of the medical device company’s stock valued at $394,000 after purchasing an additional 516 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Cooper Companies by 0.5% in the third quarter. Janney Montgomery Scott LLC now owns 100,222 shares of the medical device company’s stock valued at $11,058,000 after purchasing an additional 485 shares in the last quarter. Finally, Forum Financial Management LP purchased a new stake in Cooper Companies in the third quarter valued at approximately $204,000. 24.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

COO has been the topic of several research reports. StockNews.com downgraded shares of Cooper Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Wells Fargo & Company lifted their price target on shares of Cooper Companies from $115.00 to $118.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of Cooper Companies in a research note on Friday, December 6th. Citigroup decreased their price target on shares of Cooper Companies from $116.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. Finally, Morgan Stanley decreased their price target on shares of Cooper Companies from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Friday, December 6th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $117.22.

Cooper Companies Stock Up 0.6 %

Shares of Cooper Companies stock opened at $90.38 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.12 and a current ratio of 1.91. The Cooper Companies, Inc. has a 52-week low of $84.76 and a 52-week high of $112.38. The stock has a market capitalization of $18.04 billion, a price-to-earnings ratio of 46.35, a P/E/G ratio of 2.25 and a beta of 1.00. The company’s 50 day moving average price is $92.64 and its 200-day moving average price is $99.53.

Cooper Companies (NASDAQ:COO) last issued its earnings results on Thursday, December 5th. The medical device company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.04. Cooper Companies had a net margin of 10.07% and a return on equity of 9.38%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the business earned $0.87 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis. Equities research analysts forecast that The Cooper Companies, Inc. will post 3.98 EPS for the current year.

About Cooper Companies

The Cooper Companies, Inc, together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical. The CooperVision segment provides spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, and myopia in the Americas, Europe, Middle East, Africa, and Asia Pacific.