News headlines about Coherent (NASDAQ:COHR) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Coherent earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the scientific and technical instruments company an impact score of 45.6413327247861 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Notable Friday Option Activity: TIF, RTN, COHR (marketnewsvideo.com)
- Coherent, Inc. (COHR) Director Sells $1,681,900.00 in Stock (americanbankingnews.com)
- FLIR Systems, Inc. : Earnings Review and Free Research Report: FLIR Systems’ Revenue Jumped 15%’; Adjusted EPS Advanced 8.3% (4-traders.com)
- Coherent Inc (COHR) Position Up in Latest Report from Nwq Investment Management Company, LLC – First News 24 (firstnewspaper24.com)
A number of brokerages have issued reports on COHR. Barclays PLC lifted their price target on shares of Coherent from $285.00 to $315.00 and gave the company an “overweight” rating in a report on Wednesday, November 8th. Stifel Nicolaus lifted their price target on shares of Coherent from $290.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Benchmark Co. lifted their price target on shares of Coherent from $290.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Needham & Company LLC lifted their price target on shares of Coherent from $270.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Finally, Zacks Investment Research upgraded shares of Coherent from a “hold” rating to a “strong-buy” rating and set a $270.00 price target on the stock in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $309.89.
Shares of Coherent (NASDAQ COHR) traded up $2.99 during trading hours on Friday, reaching $307.32. 310,384 shares of the company traded hands, compared to its average volume of 502,717. The company has a market cap of $7,569.74, a P/E ratio of 25.85 and a beta of 0.79. Coherent has a one year low of $124.94 and a one year high of $314.76. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.13 and a quick ratio of 2.14.
Coherent (NASDAQ:COHR) last issued its quarterly earnings results on Tuesday, November 7th. The scientific and technical instruments company reported $3.72 EPS for the quarter, beating the consensus estimate of $3.48 by $0.24. The company had revenue of $490.00 million for the quarter, compared to the consensus estimate of $475.24 million. Coherent had a net margin of 12.02% and a return on equity of 28.53%. The firm’s revenue was up 97.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.65 EPS. analysts predict that Coherent will post 15.56 earnings per share for the current fiscal year.
In other news, CEO John Ambroseo sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $250.00, for a total value of $6,250,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Bret Dimarco sold 5,819 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $294.75, for a total transaction of $1,715,150.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,414 shares of company stock valued at $11,450,570. 1.40% of the stock is owned by corporate insiders.
Coherent, Inc is a photonics manufacturer. The Company is engaged in designing, manufacturing, servicing and marketing of lasers and related accessories for a range of scientific, commercial and industrial applications. It operates through two segments: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC).
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