CIBC Private Wealth Group LLC Purchases 5,589 Shares of The Cooper Companies, Inc. (NASDAQ:COO)

CIBC Private Wealth Group LLC grew its stake in The Cooper Companies, Inc. (NASDAQ:COO - Free Report) by 27.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,627 shares of the medical device company's stock after purchasing an additional 5,589 shares during the period. CIBC Private Wealth Group LLC's holdings in Cooper Companies were worth $2,355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Byrne Asset Management LLC bought a new position in Cooper Companies in the fourth quarter valued at about $33,000. OFI Invest Asset Management bought a new position in Cooper Companies in the 4th quarter valued at approximately $34,000. New Age Alpha Advisors LLC bought a new position in Cooper Companies in the 4th quarter valued at approximately $38,000. West Financial Advisors LLC acquired a new stake in Cooper Companies during the 4th quarter worth approximately $49,000. Finally, Atala Financial Inc bought a new stake in Cooper Companies during the 4th quarter worth approximately $51,000. 24.39% of the stock is currently owned by institutional investors and hedge funds.

Cooper Companies Trading Down 0.6 %

Shares of COO stock traded down $0.46 during trading hours on Monday, hitting $73.31. 2,131,231 shares of the company were exchanged, compared to its average volume of 1,371,952. The company has a 50 day simple moving average of $87.24 and a two-hundred day simple moving average of $95.87. The firm has a market cap of $14.66 billion, a P/E ratio of 37.60, a P/E/G ratio of 2.25 and a beta of 1.01. 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 fifty-two week low of $70.80 and a fifty-two week high of $112.38.

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Cooper Companies (NASDAQ:COO - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The medical device company reported $0.92 EPS for the quarter, hitting analysts' consensus estimates of $0.92. Cooper Companies had a net margin of 10.07% and a return on equity of 9.38%. The business had revenue of $964.70 million during the quarter, compared to analysts' expectations of $981.25 million. Equities analysts anticipate that The Cooper Companies, Inc. will post 3.98 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on COO shares. BNP Paribas upgraded shares of Cooper Companies to a "hold" rating in a report on Thursday, March 13th. Piper Sandler reaffirmed an "overweight" rating and set a $115.00 target price (down from $120.00) on shares of Cooper Companies in a report on Friday, March 7th. StockNews.com cut Cooper Companies from a "buy" rating to a "hold" rating in a research note on Wednesday, December 11th. Needham & Company LLC reaffirmed a "hold" rating on shares of Cooper Companies in a research note on Friday, March 7th. Finally, Citigroup reduced their target price on Cooper Companies from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $110.25.

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.