Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $191.18 on Cooper Companies Inc (NYSE:COO) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $8.42 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Cooper Companies Inc (NYSE:COO) stands at 43.37.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Cooper Companies, Inc. (The) Co, the PEG ratio for coming 3-5 years is 1.66.
The technical analysis highlights that Cooper Companies, Inc. (The) Co current is trading $3.64 points away or +2.03% from its 50-day moving average of $179.68. Further it is trading $23.56 or +14.75% away its 200-day moving average of $159.76.
The 52-week high of Cooper Companies Inc (NYSE:COO) was $184.17 while lowest point recorded in 52-week was $119.28. It implies if stock price makes a movement of over $-0.85, it will record a new 52-week high. In the case of +53.69% drop, it will touch a new 52-week low.
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