Coherent (NASDAQ:COHR) had its target price hoisted by Benchmark from $165.00 to $175.00 in a research report released on Tuesday morning, The Fly reports. They currently have a buy rating on the scientific and technical instruments company’s stock.
A number of other research firms also recently issued reports on COHR. Zacks Investment Research downgraded shares of Coherent from a hold rating to a strong sell rating in a report on Monday, August 5th. ValuEngine upgraded Coherent from a buy rating to a strong-buy rating in a research note on Wednesday, September 4th. TheStreet cut Coherent from a b- rating to a c+ rating in a research note on Wednesday, August 14th. Finally, BidaskClub upgraded Coherent from a buy rating to a strong-buy rating in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Coherent currently has an average rating of Buy and a consensus target price of $150.00.
COHR opened at $155.24 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.97 and a quick ratio of 2.34. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 22.32 and a beta of 1.78. The firm’s fifty day moving average price is $146.57 and its two-hundred day moving average price is $138.63. Coherent has a 1 year low of $90.10 and a 1 year high of $189.39.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new stake in shares of Coherent during the 2nd quarter worth $28,000. Synovus Financial Corp raised its stake in shares of Coherent by 400.0% during the 1st quarter. Synovus Financial Corp now owns 320 shares of the scientific and technical instruments company’s stock worth $45,000 after purchasing an additional 256 shares during the period. Cerebellum GP LLC bought a new stake in shares of Coherent during the 2nd quarter worth $48,000. First Mercantile Trust Co. bought a new stake in shares of Coherent during the 1st quarter worth $64,000. Finally, Manchester Capital Management LLC bought a new stake in shares of Coherent during the 1st quarter worth $79,000.
Coherent Company Profile
Coherent, Inc provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial applications. It operates through two segments, 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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