Press coverage about Coherent (NASDAQ:COHR) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Coherent earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned press coverage about the scientific and technical instruments company an impact score of 45.8147761970772 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
NASDAQ:COHR opened at $175.04 on Monday. Coherent has a one year low of $172.81 and a one year high of $329.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.08 and a current ratio of 3.18. The firm has a market capitalization of $4,344.84, a price-to-earnings ratio of 13.93 and a beta of 0.96.
Coherent (NASDAQ:COHR) last posted its quarterly earnings results on Wednesday, February 7th. The scientific and technical instruments company reported $3.54 EPS for the quarter, beating the consensus estimate of $3.52 by $0.02. Coherent had a net margin of 11.79% and a return on equity of 29.82%. The company had revenue of $477.60 million for the quarter, compared to analyst estimates of $474.21 million. During the same period in the prior year, the company earned $2.57 earnings per share. The firm’s revenue was up 38.0% on a year-over-year basis. sell-side analysts anticipate that Coherent will post 14.84 earnings per share for the current year.
Coherent declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 7th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the scientific and technical instruments company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
Several equities research analysts have commented on COHR shares. Northcoast Research reaffirmed a “buy” rating and issued a $314.00 price target on shares of Coherent in a report on Monday, February 12th. Stifel Nicolaus lowered their price target on shares of Coherent from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $294.00 price target (down from $330.00) on shares of Coherent in a report on Thursday, February 8th. BidaskClub raised shares of Coherent from a “hold” rating to a “buy” rating in a report on Thursday, January 18th. Finally, Barclays set a $332.00 price target on shares of Coherent and gave the company a “buy” rating in a report on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $312.22.
In other Coherent news, Director Stephen A. Skaggs sold 500 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $212.27, for a total value of $106,135.00. Following the completion of the transaction, the director now owns 10,500 shares in the company, valued at $2,228,835. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.
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Coherent, Inc provides lasers and laser-based technology in a range of scientific, commercial, and industrial applications worldwide. It operates through two segments, Specialty Lasers and Systems, and Commercial Lasers and Components. The company designs, manufactures, services, and markets lasers, laser tools, precision optics, and related accessories.
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