Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for The Cooper Cos Inc (NASDAQ: COO) weakened during the last several trading days. COO’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
The Cooper Cos Inc (NASDAQ: COO) stock closed at $93.13 on 8/9/24 after a slight gain of 0.04%. However, exceptionally low trading volume at 47% of normal accompanied the advance. The stock has declined -1.1% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
COO’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Cooper has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Cooper has a neutral Appreciation Score of 57 and a slightly positive Power Rating of 65, resulting in the High Neutral Value Trend Rating.
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