Coherent Corp (NYSE: COHR) has reported a loss for its third fiscal quarter (ending March 31) of $-0.29 versus a loss $-0.24 for the same period a year ago. This result fell short of the consensus estimate of $0.76 by $-1.05. For the latest four quarters through March 31, E.P.S. were $-2.86 versus $-1.13 for the same period a year ago.
Recent Price Action
Coherent Corp (NYSE: COHR) stock enjoyed a large increase of 2.5% on 5/6/24. The stock closed at $57.92. Moreover, this advance was accompanied by above average trading volume at 147% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 5.2% during the last week.
Current PriceTarget Research Rating
COHR is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Coherent has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Coherent has a slightly positive Appreciation Score of 67 and a very high Power Rating of 98, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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