For its first fiscal quarter (ending January 31), The Cooper Cos Inc (NASDAQ: COO) has reported a -4% decline in E.P.S. from $1.71 a year ago to $1.64 in the current quarter. However, this performance was $0.77 better than the consensus estimate of $0.87. For the latest four quarters through January 31, E.P.S. were $5.86 versus $7.60 for the same period a year ago — a decline of -23%.
Recent Price Action
The Cooper Cos Inc (NASDAQ: COO) stock closed at $93.60 on 2/29/24 after a slight decline of -1.0%. Moreover, exceptionally high trading volume at 231% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -4.6% during the last week.
Current PriceTarget Research Rating
COO’s future returns on capital are forecasted to be above 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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Cooper has a neutral Power Rating of 50 and a neutral Appreciation Score of 57, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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