Cooper Companies Inc (COO) is Reiterated by Jefferies to Buy, Raises Price Target to $ 190

Cooper Companies Inc (COO) was Reiterated by Jefferies to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 190 from a previous price target of $175 . Jefferies advised their investors in a research report released on Jun 3, 2016.

Many Wall Street Analysts have commented on Cooper Companies Inc. Cooper Companies Inc was Upgraded by Jefferies to ” Buy” on Apr 15, 2016.

On the company’s financial health, Cooper Companies Inc reported $2.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jun 2, 2016. Analyst had a consensus of $1.92. The company had revenue of $484.80 million for the quarter, compared to analysts expectations of $463.97 million. The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.72 EPS.

Cooper Companies Inc opened for trading at $162.91 and hit $166.07 on the upside on Wednesday, eventually ending the session at $165.63, with a gain of 1.73% or 2.82 points. The heightened volatility saw the trading volume jump to 6,05,627 shares. Company has a market cap of $8,015 M.

In a different news, on Mar 10, 2016, Gregory W Matz (SVP, CFO & CRO) sold 10,000 shares at $146.94 per share price. According to the SEC, on Oct 6, 2015, Allan E Rubenstein (director) sold 294 shares at $150.00 per share price. On Sep 8, 2015, Steven Rosenberg (director) sold 17,500 shares at $149.44 per share price, according to the Form-4 filing with the securities and exchange commission.

The Cooper Companies Inc. (Cooper) is a global medical device company. The Company operates through two business units CooperVision Inc. (CVI) and CooperSurgical Inc. (CSI). CooperVision is a global manufacturer providing products for contact lens wearers. CooperSurgical focuses on supplying women’s health clinicians with products and treatment options to improve the delivery of healthcare to women. CooperSurgical products fall into three main segments based on the point of healthcare delivery: Hospital Office and Fertility Clinic. CooperVision develops manufactures and markets a range of monthly two-week and single-use contact lenses featuring advanced materials and optics. CooperVision is involved in correcting vision problems such as astigmatism presbyopia and ocular dryness and provides innovative contact lens solutions. The CooperVision Company’s brands include Biofinity Avaira and MyDay and CooperSurgical Company’s brands include Advincula Arch SeeClear and Mobius.

Cooper Companies Inc

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