Cooper Companies (NASDAQ:COO) Upgraded to “Strong-Buy” at William Blair

by · The Cerbat Gem

William Blair upgraded shares of Cooper Companies (NASDAQ:COO – Free Report) to a strong-buy rating in a report published on Friday,Zacks.com reports.

COO has been the subject of a number of other reports. KeyCorp restated a “sector weight” rating on shares of Cooper Companies in a report on Friday, December 5th. JPMorgan Chase & Co. boosted their price target on Cooper Companies from $66.00 to $78.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. Barclays set a $98.00 price objective on shares of Cooper Companies and gave the company an “overweight” rating in a research report on Monday. Stifel Nicolaus set a $95.00 price objective on Cooper Companies and gave the company a “buy” rating in a research note on Friday, December 5th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $73.00 target price on shares of Cooper Companies in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.85.

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Cooper Companies Price Performance

Shares of COO opened at $81.38 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.13 and a current ratio of 1.89. The firm’s 50-day simple moving average is $81.07 and its two-hundred day simple moving average is $74.23. Cooper Companies has a fifty-two week low of $61.78 and a fifty-two week high of $97.95. The stock has a market cap of $15.95 billion, a PE ratio of 43.29, a price-to-earnings-growth ratio of 2.29 and a beta of 1.03.

Cooper Companies (NASDAQ:COO – Get Free Report) last posted its quarterly earnings results on Thursday, December 4th. The medical device company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.04. Cooper Companies had a return on equity of 10.02% and a net margin of 9.16%.The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the business posted $1.04 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. Cooper Companies has set its FY 2026 guidance at 4.450-4.600 EPS and its Q1 2026 guidance at 1.020-1.040 EPS. Analysts anticipate that Cooper Companies will post 3.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Cynthia L. Lucchese purchased 1,784 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was purchased at an average cost of $84.06 per share, with a total value of $149,963.04. Following the purchase, the director owned 9,445 shares in the company, valued at approximately $793,946.70. This trade represents a 23.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Albert G. White III acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was purchased at an average cost of $80.80 per share, with a total value of $808,000.00. Following the purchase, the chief executive officer owned 236,151 shares of the company’s stock, valued at $19,081,000.80. The trade was a 4.42% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders purchased 16,014 shares of company stock worth $1,304,416. 1.98% of the stock is currently owned by company insiders.

Institutional Trading of Cooper Companies

Institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP increased its position in shares of Cooper Companies by 332.9% during the third quarter. Wellington Management Group LLP now owns 6,184,992 shares of the medical device company’s stock worth $424,043,000 after acquiring an additional 4,756,178 shares during the period. Sustainable Growth Advisers LP purchased a new position in shares of Cooper Companies in the 2nd quarter valued at $240,881,000. JANA Partners Management LP purchased a new position in Cooper Companies in the third quarter valued at about $166,917,000. Capital World Investors grew its position in shares of Cooper Companies by 25.7% in the 3rd quarter. Capital World Investors now owns 10,551,592 shares of the medical device company’s stock worth $723,417,000 after buying an additional 2,159,233 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Cooper Companies by 98.8% in the second quarter. Ameriprise Financial Inc. now owns 3,388,413 shares of the medical device company’s stock worth $241,120,000 after purchasing an additional 1,683,561 shares during the last quarter. 24.39% of the stock is currently owned by institutional investors.

About Cooper Companies

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Cooper Companies, Inc (NASDAQ: COO) is a global medical device company headquartered in San Ramon, California. Founded in 1958, the company has grown through strategic acquisitions and organic development to become a major provider of vision care and women’s health products. Cooper Companies operates through two primary business segments—CooperVision and CooperSurgical—each serving specialized markets within the healthcare industry.

The CooperVision segment develops, manufactures and markets a broad range of soft contact lenses, as well as related accessories.

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