Coherent Corp [COHR] stock prices are up 1.42% to $55.84 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The COHR shares have gain 8.41% over the last week, with a monthly amount drifted -7.89%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Coherent Corp [NYSE: COHR] stock has seen the most recent analyst activity on January 16, 2024, when Barclays upgraded its rating to a Overweight and also boosted its price target to $60 from $38. Previously, Morgan Stanley downgraded its rating to Equal-Weight on December 13, 2023, and elevated its price target to $45. On October 11, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $37 on the stock. Rosenblatt upgraded its rating to a Buy but stick to its price target of $45 on August 17, 2023. BofA Securities downgraded its rating to a Neutral but $55 remained the price target by the analyst firm on July 18, 2023. Barclays upgraded its rating to Equal Weight for this stock on July 05, 2023, and upped its price target to $45. In a note dated June 28, 2023, B. Riley Securities downgraded an Neutral rating on this stock but restated the target price of $47.
The stock price of Coherent Corp [COHR] has been fluctuating between $26.29 and $67.94 over the past year. Currently, Wall Street analysts expect the stock to reach $73.5 within the next 12 months. Coherent Corp [NYSE: COHR] shares were valued at $55.84 at the most recent close of the market. An investor can expect a potential return of 31.63% based on the average COHR price forecast.
Analyzing the COHR fundamentals
The Coherent Corp [NYSE:COHR] reported sales of 4.63B for trailing twelve months, representing a drop of -17.43%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.05 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.57.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 54.49 points at the first support level, and at 53.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.60, and for the 2nd resistance point, it is at 57.35.
Coherent Corp [COHR] reported earnings per share of $0.36 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.26/share, meaning a difference of $0.1 and a surprise factor of 38.50%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.16 per share as compared to estimates of $0.12 per share, a difference of $0.04 representing a surprise of 33.30%.
Ratios To Look Out For
It’s worth pointing out that Coherent Corp [NYSE:COHR]’s Current Ratio is 2.88. In addition, the Quick Ratio stands at 1.79 and the Cash Ratio stands at 0.72. Considering the valuation of this stock, the price to sales ratio is 1.83, the price to book ratio is 1.55.
Transactions by insiders
Recent insider trading involved MATTERA VINCENT D JR, Chief Executive Officer, that happened on Apr 15 ’24 when 5000.0 shares were sold. President, BASHAW WALTER ROBERT II completed a deal on Apr 01 ’24 to sell 4375.0 shares. Meanwhile, Chief Executive Officer MATTERA VINCENT D JR sold 5000.0 shares on Mar 15 ’24.
