Coherent, Inc. (NASDAQ:COHR) Given Consensus Rating of “Hold” by Brokerages

Shares of Coherent, Inc. (NASDAQ:COHRGet Rating) have earned a consensus recommendation of “Hold” from the six analysts that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $272.00.

Several analysts have recently weighed in on COHR shares. Zacks Investment Research upgraded Coherent from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 11th. StockNews.com began coverage on Coherent in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.

Large investors have recently modified their holdings of the company. Private Ocean LLC acquired a new position in shares of Coherent during the fourth quarter worth approximately $27,000. O Shaughnessy Asset Management LLC raised its position in shares of Coherent by 22.0% during the third quarter. O Shaughnessy Asset Management LLC now owns 216 shares of the scientific and technical instruments company’s stock worth $54,000 after purchasing an additional 39 shares during the period. IFP Advisors Inc raised its position in shares of Coherent by 38.5% during the fourth quarter. IFP Advisors Inc now owns 277 shares of the scientific and technical instruments company’s stock worth $73,000 after purchasing an additional 77 shares during the period. SOA Wealth Advisors LLC. acquired a new position in shares of Coherent during the first quarter worth approximately $109,000. Finally, US Asset Management LLC bought a new stake in Coherent during the third quarter worth $149,000. 83.52% of the stock is currently owned by institutional investors.

COHR stock opened at $269.17 on Monday. Coherent has a 52 week low of $222.04 and a 52 week high of $275.79. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.14 and a current ratio of 3.28. The company has a 50-day moving average of $265.82. The firm has a market capitalization of $6.67 billion, a P/E ratio of -83.85 and a beta of 1.39.

Coherent (NASDAQ:COHRGet Rating) last released its earnings results on Wednesday, February 9th. The scientific and technical instruments company reported $1.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.05). The business had revenue of $384.51 million during the quarter, compared to the consensus estimate of $406.90 million. Coherent had a negative net margin of 4.96% and a positive return on equity of 15.47%. As a group, analysts anticipate that Coherent will post 7.51 EPS for the current fiscal year.

Coherent Company Profile (Get Rating)

Coherent, Inc provides lasers, laser-based technologies, and laser-based system solutions for a range of commercial, industrial, and scientific research applications. It operates in two segments, Original Equipment Manufacturers (OEM) Laser Sources and Industrial Lasers & Systems. The company designs, manufactures, markets, and services lasers, laser tools, precision optics, and related accessories; and laser measurement and control products.

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