Coherent, Inc. (NASDAQ:COHR).
On July 28 Stifel Nicolaus maintained a stock rating of “Buy” and raised the price expectation from $100.00 to $120.00. March 7 investment analysts at Stifel Nicolaus left the company rating at “Buy” but raised the price target to $100.00 from $82.00.
January 29 investment analysts at B. Riley held the stock rating at “Neutral” and moved up the price target to $70.00 from $63.50. On November 5 B. Riley made no change to the company rating of “Neutral” and raised the price target to $63.50 from $62.25.
On July 31 Stifel Nicolaus kept the stock rating at “Buy” but lowered the price expectation to $72.00 from $78.00.
The company is trading down by -4.80% since yesterday’s close of $261.85. The stock is trading at $249.29 which is just over the 50 day moving average which is $237.73 and a bit higher than the 200 day moving average of $185.05. The 50 day moving average went up $11.56 or +4.86% whereas the 200 day moving average was up $64.24 or +34.72%.
Coherent, Inc., launched on January 11, 1989, is a photonics manufacturer. The Company is involved in designing, manufacturing, servicing and marketing of lasers and related accessories for a range of scientific, commercial and industrial applications. The Company operates through two segments: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC). The Specialty Lasers and Systems segment develops and manufactures configurable products serving the microelectronics, scientific research and government programs, and original equipment manufacturer (OEM) components and instrumentation markets. The Commercial Lasers and Components segment focuses on higher volume products that are offered in set configurations. The product architectures are designed for exchange at the point of use such that substantially all product service and repairs are based upon advanced replacement and depot (that is factory) repair. CLC’s primary markets include materials processing, OEM components, and instrumentation and microelectronics..
Coherent, Inc.’s P/E ratio is 50.51 and the market cap is 6.14B. In the latest earnings report the EPS was $4.93 and is projected to be $12.34 for the current year with 24,625,000 shares presently outstanding. Next quarter’s EPS is forecasted at $3.42 with next year’s EPS anticipated to be $13.96.
Investors are more bearish on shares of Coherent, Inc. lately if you evaluate the rise in short interest. The stock realized a rise in short interest between May 15, 2017 and April 28, 2017 of 0.71%. Short interest increased 9,302 over that timeframe. With short interest at 1,324,467 and short average daily volume at 420,894, days to cover is 3.1 and the percentage of shorted shares was 0.05% on April 28.