Several other research firms have also recently issued reports on COHR. Benchmark restated a “buy” rating and set a $165.00 target price on shares of Coherent in a research note on Wednesday, July 31st. TheStreet cut shares of Coherent from a “b-” rating to a “c+” rating in a research note on Wednesday, August 14th. Zacks Investment Research cut shares of Coherent from a “hold” rating to a “strong sell” rating in a research note on Monday, August 5th. Finally, ValuEngine upgraded shares of Coherent from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $148.00.
COHR traded down $3.94 during midday trading on Tuesday, hitting $165.80. 177,513 shares of the company traded hands, compared to its average volume of 355,304. The company has a quick ratio of 2.34, a current ratio of 3.97 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $3.98 billion, a PE ratio of 12.71 and a beta of 1.78. The company’s 50-day moving average is $144.48 and its 200 day moving average is $137.73. Coherent has a 52 week low of $90.10 and a 52 week high of $189.39.
Large investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC bought a new position in shares of Coherent in the 2nd quarter worth approximately $28,000. Synovus Financial Corp lifted its holdings in shares of Coherent by 400.0% during the first quarter. Synovus Financial Corp now owns 320 shares of the scientific and technical instruments company’s stock worth $45,000 after purchasing an additional 256 shares during the period. Cerebellum GP LLC acquired a new stake in shares of Coherent during the second quarter worth about $48,000. First Mercantile Trust Co. acquired a new stake in shares of Coherent during the first quarter worth about $64,000. Finally, Manchester Capital Management LLC acquired a new stake in shares of Coherent during the first quarter worth about $79,000. Hedge funds and other institutional investors own 99.40% of the company’s stock.
Coherent, Inc provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial applications. It operates through two segments, OEM Laser Sources and Industrial Lasers & Systems. The company designs, manufactures, markets, and services lasers, laser tools, precision optics, and related accessories; and laser measurement and control products.
Featured Article: The Structure of a Futures Contract
Receive News & Ratings for Coherent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coherent and related companies with MarketBeat.com's FREE daily email newsletter.