Coherent, Inc. (NASDAQ:COHR) has been given an average recommendation of “Buy” by the twelve research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $309.89.

A number of research analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Coherent from $285.00 to $315.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 8th. Stifel Nicolaus raised their price objective on shares of Coherent from $290.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Benchmark raised their price objective on shares of Coherent from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Needham & Company LLC raised their price objective on shares of Coherent from $270.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, Zacks Investment Research upgraded shares of Coherent from a “hold” rating to a “strong-buy” rating and set a $270.00 target price on the stock in a research report on Tuesday, October 3rd.

Shares of Coherent (NASDAQ:COHR) traded up $1.17 during trading on Thursday, reaching $295.21. 103,822 shares of the company’s stock were exchanged, compared to its average volume of 402,742. Coherent has a 12 month low of $135.06 and a 12 month high of $320.73. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.14 and a current ratio of 3.13. The stock has a market capitalization of $7,360.00, a PE ratio of 35.10 and a beta of 0.81.

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

In related news, Director Jay T. Flatley sold 5,500 shares of Coherent stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $305.80, for a total transaction of $1,681,900.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Bret Dimarco sold 5,819 shares of Coherent stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $294.75, for a total transaction of $1,715,150.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,416 shares of company stock worth $5,490,028. 1.40% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of COHR. Epoch Investment Partners Inc. increased its stake in Coherent by 3.6% during the 3rd quarter. Epoch Investment Partners Inc. now owns 962,918 shares of the scientific and technical instruments company’s stock worth $226,449,000 after buying an additional 33,295 shares during the period. Earnest Partners LLC increased its position in shares of Coherent by 1.0% in the 3rd quarter. Earnest Partners LLC now owns 636,910 shares of the scientific and technical instruments company’s stock worth $149,782,000 after purchasing an additional 6,066 shares during the last quarter. FMR LLC increased its position in shares of Coherent by 23.2% in the 2nd quarter. FMR LLC now owns 494,053 shares of the scientific and technical instruments company’s stock worth $111,157,000 after purchasing an additional 93,014 shares during the last quarter. NWQ Investment Management Company LLC increased its position in shares of Coherent by 10.9% in the 3rd quarter. NWQ Investment Management Company LLC now owns 446,953 shares of the scientific and technical instruments company’s stock worth $105,110,000 after purchasing an additional 43,822 shares during the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Coherent in the 2nd quarter worth about $354,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

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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).

Analyst Recommendations for Coherent (NASDAQ:COHR)

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