Price Don’t Lie: Coherent, Inc. Stock Is An 52-Week High Flier

Price Don't Lie: Coherent, Inc. Stock Is An 52 Week High Flier

The stock of Coherent, Inc. (NASDAQ:COHR) hit a new 52-week high and has $143.07 target or 8.00% above today’s $132.47 share price. The 9 months bullish chart indicates low risk for the $3.26B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $143.07 price target is reached, the company will be worth $260.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 55,411 shares traded hands. Coherent, Inc. (NASDAQ:COHR) has risen 40.39% since April 21, 2016 and is uptrending. It has outperformed by 35.07% the S&P500.

Analysts await Coherent, Inc. (NASDAQ:COHR) to report earnings on January, 26. They expect $1.61 earnings per share, up 89.41% or $0.76 from last year’s $0.85 per share. COHR’s profit will be $39.62M for 20.57 P/E if the $1.61 EPS becomes a reality. After $1.48 actual earnings per share reported by Coherent, Inc. for the previous quarter, Wall Street now forecasts 8.78% EPS growth.

Coherent, Inc. (NASDAQ:COHR) Ratings Coverage

Out of 4 analysts covering Coherent (NASDAQ:COHR), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Coherent has been the topic of 9 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Needham on Thursday, November 3. The stock of Coherent, Inc. (NASDAQ:COHR) earned “Buy” rating by Benchmark on Thursday, November 10. Needham maintained the stock with “Buy” rating in Friday, January 29 report. The stock of Coherent, Inc. (NASDAQ:COHR) has “Buy” rating given on Monday, May 23 by Benchmark. The firm has “Buy” rating given on Monday, March 7 by Stifel Nicolaus. The company was downgraded on Wednesday, September 2 by TheStreet. The stock has “Buy” rating given by Stifel Nicolaus on Friday, January 29.

According to Zacks Investment Research, “COHERENT INC. designs, manufactures, and supplies electro-optical systems and medical instruments utilizing laser, precision optic and microelectronic technologies. Co. integrates these technologies into a wide variety of products and systems designed to meet the productivity and performance needs of customers. Major markets include the scientific research community; medical institutions, clinics and private practices; lasers also support commercial applications, ranging from semiconductors and disk mastering to light shows and entertainment.”

Insitutional Activity: The institutional sentiment increased to 1.08 in Q2 2016. Its up 0.11, from 0.97 in 2016Q1. The ratio is positive, as 33 funds sold all Coherent, Inc. shares owned while 66 reduced positions. 35 funds bought stakes while 61 increased positions. They now own 20.88 million shares or 26.28% less from 28.33 million shares in 2016Q1.
Vident Invest Advisory Limited Company has invested 0.44% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Blackrock Invest Limited Liability holds 100,963 shares or 0.01% of its portfolio. Btim has invested 0.29% of its portfolio in Coherent, Inc. (NASDAQ:COHR). The New York-based Asset Management has invested 0.05% in Coherent, Inc. (NASDAQ:COHR). Tudor Corp Et Al last reported 0.01% of its portfolio in the stock. Renaissance Techs Ltd Co holds 0.01% or 62,000 shares in its portfolio. First Quadrant Limited Partnership Ca holds 5,200 shares or 0.01% of its portfolio. The Japan-based Blackrock Japan Ltd has invested 0% in Coherent, Inc. (NASDAQ:COHR). The Georgia-based Earnest Prtnrs Ltd Liability has invested 0.84% in Coherent, Inc. (NASDAQ:COHR). Barclays Public Limited Co, a United Kingdom-based fund reported 44,896 shares. Ameriprise Inc reported 159,799 shares or 0.01% of all its holdings. Citigroup holds 0% of its portfolio in Coherent, Inc. (NASDAQ:COHR) for 13,290 shares. Blackrock Advsrs Ltd Liability accumulated 65,436 shares or 0.01% of the stock. Voya Inv Management Limited Liability Company has 159,073 shares for 0.04% of their US portfolio. Numeric Invsts Limited Liability Corporation last reported 4,400 shares in the company.

Insider Transactions: Since August 1, 2016, the stock had 0 insider purchases, and 13 insider sales for $6.26 million net activity. Another trade for 1,215 shares valued at $128,912 was made by KRAUSE L WILLIAM on Friday, August 5. JAMES SUSAN M. had sold 5,000 shares worth $533,726. Another trade for 4,951 shares valued at $594,120 was made by DiMarco Bret on Tuesday, November 8. $545,405 worth of Coherent, Inc. (NASDAQ:COHR) was sold by SPINELLI LUIS on Sunday, November 13. 500 shares were sold by SKAGGS STEPHEN A, worth $54,300 on Monday, August 15. $602,559 worth of shares were sold by SOBEY MARK STEWART on Thursday, November 17.

More news for Coherent, Inc. (NASDAQ:COHR) were recently published by: Prnewswire.com, which released: “COHERENT, Inc. Announces Closing of Acquisition of ROFIN-SINAR Technologies” on November 07, 2016. Prnewswire.com‘s article titled: “Coherent, Inc. Reports Fourth Fiscal Quarter and Year-End Results” and published on November 02, 2016 is yet another important article.

COHR Company Profile

Coherent, Inc., incorporated on January 11, 1989, is a supplier of photonics solutions for a range of commercial and scientific research applications. The Firm designs, makes, services and markets lasers and related accessories to customers. The Firm operates in two divisions: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC).

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