Coherent (COHR) Stock Price, News & Analysis

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coherent in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" COHR shares.
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14 Wall Street research analysts have issued 1-year target prices for Coherent's stock. Their COHR share price targets range from $35.00 to $85.00. On average, they expect the company's stock price to reach $57.50 in the next year. This suggests a possible upside of 12.8% from the stock's current price.
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Coherent's stock was trading at $43.53 on January 1st, 2024. Since then, COHR stock has increased by 17.1% and is now trading at $50.96.
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Coherent saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 4,220,000 shares, a drop of 6.6% from the March 15th total of 4,520,000 shares. Based on an average daily volume of 2,350,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 2.9% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
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Coherent Corp. (NYSE:COHR) announced its quarterly earnings data on Monday, February, 5th. The scientific and technical instruments company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.23. The scientific and technical instruments company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. Coherent had a positive trailing twelve-month return on equity of 4.96% and a negative net margin of 5.84%.

ETFs with the largest weight of Coherent (NYSE:COHR) stock in their portfolio include SPDR S&P Kensho Final Frontiers ETF (ROKT), First Trust Dorsey Wright Momentum & Value ETF (DVLU), Defiance Quantum ETF (QTUM), Amplify AI Powered Equity ETF (AIEQ), BlackRock Future Tech ETF (BTEK), Vanguard S&P Mid-Cap 400 Value ETF (IVOV), SPDR S&P 400 Mid Cap Value ETF (MDYV) and Defiance Next Gen Connectivity ETF (FIVG).

Coherent updated its FY24 earnings guidance on Monday, February, 5th. The company provided earnings per share guidance of $1.30-1.70 for the period, compared to the consensus EPS estimate of $1.33. The company issued revenue guidance of $4.55-4.70 billion, compared to the consensus revenue estimate of $4.58 billion.

Coherent's stock is owned by many different retail and institutional investors. Top institutional shareholders include Artemis Investment Management LLP (1.06%), Fort Pitt Capital Group LLC (1.01%), Norris Perne & French LLP MI (0.28%), Thompson Investment Management Inc. (0.12%), Hodges Capital Management Inc. (0.10%) and IMC Chicago LLC (0.00%). Insiders that own company stock include Christopher Koeppen, David L Motley, Francis J Kramer, Howard H Xia, Joseph J Corasanti, Julie Sheridan Eng, Mary Jane Raymond, Vincent D Mattera Jr, Vincent D Mattera Jr and Walter Robert Bashaw II.
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Shares of COHR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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