Coherent, Inc. (NASDAQ:COHR) has earned an average rating of “Buy” from the twelve research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $293.22.

A number of brokerages have recently commented on COHR. Benchmark Co. reissued a “buy” rating and issued a $290.00 price objective (down previously from $295.00) on shares of Coherent in a research report on Tuesday, August 8th. Zacks Investment Research lowered shares of Coherent from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. ValuEngine raised shares of Coherent from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Susquehanna Bancshares Inc raised shares of Coherent from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $255.00 to $275.00 in a research report on Thursday, August 3rd. Finally, UBS AG raised shares of Coherent from a “neutral” rating to a “positive” rating in a research report on Thursday, August 3rd.

COPYRIGHT VIOLATION WARNING: This story was published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://theolympiareport.com/2017/11/01/coherent-inc-cohr-receives-average-recommendation-of-buy-from-analysts.html.

In other Coherent news, CEO John Ambroseo sold 25,000 shares of the company’s stock in a transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Stephen A. Skaggs sold 500 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $217.58, for a total transaction of $108,790.00. Following the completion of the transaction, the director now owns 11,500 shares in the company, valued at $2,502,170. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Smithfield Trust Co. acquired a new position in shares of Coherent in the second quarter valued at $199,000. Daiwa Securities Group Inc. acquired a new position in shares of Coherent in the second quarter valued at $202,000. WESPAC Advisors LLC acquired a new position in shares of Coherent in the second quarter valued at $211,000. Penserra Capital Management LLC increased its holdings in shares of Coherent by 4.2% in the second quarter. Penserra Capital Management LLC now owns 5,791 shares of the scientific and technical instruments company’s stock valued at $224,000 after purchasing an additional 234 shares during the last quarter. Finally, Coldstream Capital Management Inc. increased its holdings in shares of Coherent by 3.1% in the second quarter. Coldstream Capital Management Inc. now owns 1,010 shares of the scientific and technical instruments company’s stock valued at $227,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 90.31% of the company’s stock.

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).

Analyst Recommendations for Coherent (NASDAQ:COHR)

Receive News & Ratings for Coherent Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coherent Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.