Could Cooper Companies Inc (COO) Lose its Strength? The Stock Reaches 52-Week High

June 20, 2017 - By Marie Mckinney

Investors sentiment decreased to 1.02 in 2016 Q4. Its down 0.19, from 1.21 in 2016Q3. It dived, as 43 investors sold Cooper Companies Inc shares while 134 reduced holdings. 57 funds opened positions while 124 raised stakes. 47.39 million shares or 2.11% more from 46.42 million shares in 2016Q3 were reported.
Glenmede Tru Na reported 0% in Cooper Companies Inc (NYSE:COO). Bellecapital Limited invested in 3.81% or 24,428 shares. Polaris Greystone Financial Lc holds 5,832 shares or 0.12% of its portfolio. Victory Cap Management Inc invested in 258,178 shares. Motley Fool Asset Mgmt Ltd Liability Corporation has 1.01% invested in Cooper Companies Inc (NYSE:COO). Nikko Asset Management Americas stated it has 7,400 shares. Cambridge Advsr invested 0.01% in Cooper Companies Inc (NYSE:COO). Baring Asset Mngmt Limited has invested 0.61% in Cooper Companies Inc (NYSE:COO). Paradigm Asset Mgmt Lc accumulated 400 shares or 0% of the stock. Caisse De Depot Et Placement Du Quebec owns 230,500 shares. Public Employees Retirement Association Of Colorado has invested 0.01% in Cooper Companies Inc (NYSE:COO). Alabama-based Retirement Of Alabama has invested 0.04% in Cooper Companies Inc (NYSE:COO). Natixis owns 0% invested in Cooper Companies Inc (NYSE:COO) for 2,774 shares. Jarislowsky Fraser has 0.01% invested in Cooper Companies Inc (NYSE:COO) for 8,210 shares. First Advsr Limited Partnership invested in 0.06% or 124,075 shares.

Since January 3, 2017, it had 0 buys, and 17 insider sales for $21.55 million activity. REMMELL PAUL L also sold $376,823 worth of Cooper Companies Inc (NYSE:COO) shares. Another trade for 1,775 shares valued at $346,125 was sold by RUBENSTEIN ALLAN E. Another trade for 816 shares valued at $198,400 was made by ZINBERG STANLEY MD on Tuesday, June 6. BENDER A THOMAS also sold $1.45 million worth of Cooper Companies Inc (NYSE:COO) shares. KAUFMAN CAROL R sold $1.30M worth of Cooper Companies Inc (NYSE:COO) on Friday, June 9. $966,916 worth of Cooper Companies Inc (NYSE:COO) was sold by Lindell Jody S on Tuesday, March 14. $33,401 worth of Cooper Companies Inc (NYSE:COO) was sold by PETERSMEYER GARY S on Thursday, March 9.

The stock of Cooper Companies Inc (NYSE:COO) hit a new 52-week high and has $253.91 target or 4.00 % above today’s $244.14 share price. The 5 months bullish chart indicates low risk for the $12.09 billion company. The 1-year high was reported on Jun, 20 by Barchart.com. If the $253.91 price target is reached, the company will be worth $483.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 80,819 shares traded. Cooper Companies Inc (NYSE:COO) has risen 33.48% since June 20, 2016 and is uptrending. It has outperformed by 16.78% the S&P500.

Cooper Companies Inc (NYSE:COO) Ratings Coverage

Among 13 analysts covering Cooper (NYSE:COO), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. Cooper has $25500 highest and $136 lowest target. $198.78’s average target is -18.58% below currents $244.14 stock price. Cooper had 32 analyst reports since August 26, 2015 according to SRatingsIntel. The stock of Cooper Companies Inc (NYSE:COO) has “Buy” rating given on Friday, April 15 by Jefferies. JP Morgan initiated the stock with “Buy” rating in Wednesday, July 13 report. The stock of Cooper Companies Inc (NYSE:COO) earned “Outperform” rating by Wells Fargo on Monday, December 12. Jefferies maintained it with “Buy” rating and $22000 target in Tuesday, May 30 report. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, June 30. The rating was maintained by BMO Capital Markets on Friday, September 4 with “Outperform”. On Thursday, December 17 the stock rating was initiated by Goldman Sachs with “Neutral”. The stock of Cooper Companies Inc (NYSE:COO) has “Buy” rating given on Friday, September 4 by Piper Jaffray. The stock of Cooper Companies Inc (NYSE:COO) has “Overweight” rating given on Friday, December 4 by Piper Jaffray. The company was upgraded on Monday, May 16 by Cleveland.

More news for Cooper Companies Inc (NYSE:COO) were recently published by: Nasdaq.com, which released: “The Cooper Companies Announces Second Quarter 2017 Results” on June 01, 2017. Nasdaq.com‘s article titled: “Cooper Companies Inc. (COO) Has Soared To A New High On Strong Q2 Earnings” and published on June 02, 2017 is yet another important article.

The Cooper Companies, Inc. is a global medical device company. The company has market cap of $12.09 billion. The Firm operates through two business units: CooperVision, Inc. and CooperSurgical, Inc. It has a 36.6 P/E ratio. CooperVision offers soft contact lenses for the vision correction market.

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