The Cooper Companies Inc. (NYSE:COO) Relative Strength Index (RSI) is 51.43, with weekly volatility at 1.59% and ATR at 6.94. The COO stock’s 52-week price range has touched low of $268.92 and a $415.96 high. Intraday shares traded counted 0.51 million, which was -78.89% lower than its 30-day average trading volume of 285.37K. Its shares traded higher over the last trading session, gaining 0.75% on 05/27/21. The shares fell to a low of $391.00 before closing at $395.07. COO’s previous close was $392.11 while the outstanding shares total 49.10M. The firm has a beta of 0.83, a 12-month trailing P/E ratio of 8.73, and a growth ratio of 0.87.
Investors have identified the Medical Instruments & Supplies company The Cooper Companies Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $19.45 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
The Cooper Companies Inc. (COO) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For COO, the company has in raw cash 119.1 million on their books with 400.7 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 1.3 billion total, with 961.3 million as their total liabilities.
COO were able to record 91.8 million as free cash flow during the 09/02/2021 quarter of the year, this saw their quarterly net cash flow reduce by 2.9 million. In cash movements, the company had a total of 147.7 million as operating cash flow.
Potential earnings growth for The Cooper Companies Inc. (COO)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 09/02/2021 quarter of the year, The Cooper Companies Inc. recorded a total of 680.5 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 5.04% coming in sequential stages and their sales for the 09/02/2021 quarter reducing by -0.16%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 229.8 million trying to sell their products during the last quarter, with the result yielding a gross income of 450.7 million. This allows shareholders to hold on to 49.10M with the recently reported earning now reading 42.79 cents per share. This is a figure that compared to analyst’s prediction for their 09/02/2021 (3.17 cents a share).
Having a look at the company’s valuation, the company is expected to record 14.47 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on COO sounds very interesting.
Is the stock of COO attractive?
In related news, SVP, Fin & Tax; Chief Actg Off, Ricupati Agostino sold 2,643 shares of the company’s stock in a transaction that recorded on Apr 15. The sale was performed at an average price of 397.92, for a total value of 1,051,699. As the sale deal closes, the President & CEO, White Albert G III now sold 79,745 shares of the company’s stock, valued at 30,990,533. Also, Special Advisor to the CEO, Auerbach Robert D sold 2,538 shares of the company’s stock in a deal that was recorded on Oct 08. The shares were price at an average price of 350.00 per share, with a total market value of 888,300. Following this completion of acquisition, the Director, PETERSMEYER GARY S now holds 1,000 shares of the company’s stock, valued at 348,540. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.
8 out of 15 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on The Cooper Companies Inc.. 1 analysts has assigned a Sell rating on the COO stock. The 12-month mean consensus price target for the company’s shares has been set at $420.50.