Coherent Corp (NYSE: COHR) has reported E.P.S. of $-0.52 for its fourth fiscal quarter (ending June 30) versus $-1.54 for the same period a year ago. E.P.S. were $-1.84 for the latest four quarters through June 30 versus $-2.93 for the same period a year ago.
Recent Price Action
On 8/15/24, Coherent Corp (NYSE: COHR) stock enjoyed a very large increase of 6.4%, closing at $71.28. Moreover, trading volume in this advance was exceptionally high at 372% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 24.6% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Coherent has a slightly positive Appreciation Score of 63 and a very high Power Rating of 98, resulting in 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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