Coherent (COHR) Receiving Somewhat Favorable Press Coverage, Study Finds
News coverage about Coherent (NASDAQ:COHR) has trended somewhat positive on Thursday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Coherent earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave news coverage about the scientific and technical instruments company an impact score of 46.0742146146786 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Global Pharmacogenomics Market to Surpass US$ 14.6 Billion by 2025 (markets.financialcontent.com)
- Global Kefir Market to Surpass US$ 2.50 Billion by 2025 (markets.financialcontent.com)
- Global Lab-on-a-chip Market to Surpass US$ 10.25 Billion by 2025 (markets.financialcontent.com)
- Global Lipid Nutrition Market to Surpass US$ 13.31 Billion by 2025 (markets.financialcontent.com)
- Zacks.com featured highlights: Micron Technology, Vishay Intertechnology, Coherent, Lam Research and DXC Technology (finance.yahoo.com)
Coherent (COHR) traded down $4.61 on Thursday, reaching $314.83. The company had a trading volume of 298,100 shares, compared to its average volume of 444,938. Coherent has a 12-month low of $124.94 and a 12-month high of $320.73. The company has a current ratio of 3.13, a quick ratio of 2.14 and a debt-to-equity ratio of 0.61. The firm has a market cap of $7,868.27, a PE ratio of 26.87 and a beta of 0.79.
Coherent (NASDAQ:COHR) last posted its 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. Coherent had a return on equity of 28.53% and a net margin of 12.02%. The firm had revenue of $490.00 million for the quarter, compared to analysts’ expectations of $475.24 million. During the same period last year, the firm earned $1.65 EPS. The firm’s revenue was up 97.2% compared to the same quarter last year. equities analysts predict that Coherent will post 15.56 EPS for the current fiscal year.
A number of analysts have recently weighed in on COHR shares. Summit Redstone reiterated a “buy” rating and set a $320.00 price target on shares of Coherent in a research report on Saturday, September 23rd. Stifel Nicolaus reiterated a “buy” rating and set a $290.00 price target on shares of Coherent in a research report on Wednesday, September 13th. Northcoast Research reiterated a “buy” rating and set a $314.00 price target (up from $311.00) on shares of Coherent in a research report on Tuesday, September 12th. Benchmark Co. restated a “buy” rating and issued a $290.00 target price (down from $295.00) on shares of Coherent in a research report on Tuesday, August 8th. Finally, ValuEngine upgraded Coherent from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Coherent has a consensus rating of “Buy” and a consensus target price of $309.89.
TRADEMARK VIOLATION NOTICE: “Coherent (COHR) Receiving Somewhat Favorable Press Coverage, Study Finds” was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://theolympiareport.com/2017/11/23/coherent-cohr-receiving-somewhat-favorable-press-coverage-study-finds.html.
In other Coherent news, CEO John Ambroseo sold 25,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $250.00, for a total transaction of $6,250,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jay T. Flatley sold 5,500 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $305.80, for a total value of $1,681,900.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,414 shares of company stock valued at $11,450,570. 1.40% of the stock is currently owned by corporate insiders.
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).
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.