Coherent (COHR) Earning Somewhat Favorable News Coverage, Analysis Finds

News headlines about Coherent (NASDAQ:COHR) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Coherent earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the scientific and technical instruments company an impact score of 45.749654213665 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Several research firms have recently weighed in on COHR. BidaskClub raised shares of Coherent from a “hold” rating to a “buy” rating in a research report on Thursday. Barclays set a $332.00 target price on shares of Coherent and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Zacks Investment Research raised shares of Coherent from a “hold” rating to a “buy” rating and set a $337.00 target price for the company in a research report on Wednesday, January 10th. Benchmark boosted their target price on shares of Coherent from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Stifel Nicolaus boosted their target price on shares of Coherent from $290.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Coherent has a consensus rating of “Buy” and a consensus target price of $319.22.

Shares of Coherent (COHR) traded down $1.90 during trading hours on Thursday, hitting $320.01. 519,648 shares of the company were exchanged, compared to its average volume of 357,182. The company has a current ratio of 3.13, a quick ratio of 2.14 and a debt-to-equity ratio of 0.51. Coherent has a twelve month low of $145.01 and a twelve month high of $329.00. The company has a market cap of $7,940.00, a P/E ratio of 38.05 and a beta of 0.82.

Coherent (NASDAQ:COHR) last announced its quarterly earnings data on Tuesday, November 7th. The scientific and technical instruments company reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $3.48 by $0.24. Coherent had a net margin of 12.02% and a return on equity of 28.53%. The business had revenue of $490.00 million during the quarter, compared to the consensus estimate of $475.24 million. During the same quarter in the prior year, the firm earned $1.65 EPS. The company’s revenue for the quarter was up 97.2% compared to the same quarter last year. analysts expect that Coherent will post 15.56 earnings per share for the current fiscal year.

In other Coherent news, EVP Paul F. Sechrist sold 1,002 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $288.88, for a total value of $289,457.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen A. Skaggs sold 500 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $308.97, for a total transaction of $154,485.00. Following the completion of the transaction, the director now owns 11,000 shares of the company’s stock, valued at approximately $3,398,670. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,788 shares of company stock valued at $5,901,628. 1.40% of the stock is owned by insiders.

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Coherent Company Profile

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).

Insider Buying and Selling by Quarter for Coherent (NASDAQ:COHR)

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