The Cooper Companies Receives “Outperform” Rating from BMO Capital Markets (COO)

BMO Capital Markets reaffirmed their outperform rating on shares of The Cooper Companies (NYSE: COO) in a research note released on Friday morning. They currently have a $120.00 price target on the stock, up from their previous price target of $114.00.

“COO reported FY1Q13 results that beat on the top and bottom line, increasing guidance, and raising a few questions along the way. In FY1Q13, revenue of $380 million (up 16.5%; up 18% ex-FX; up 11% organic) was better than the consensus’ $365 million, including CVI sales of $301 million (up 12.1%; up 14% ex-FX) and CSI sales of $78 million (up 37.1%; up 1% organic). EPS of $1.23 (up 9.8%) surpassed the Street’s $1.19. Management raised 2013 revenue guidance to $1,575-$1,625 million from $1,565-$1,625 million, and EPS to $5.95-$6.10 from $5.90-$6.10.,” BMO Capital Markets’ analyst commented.

Shares of The Cooper Companies opened at 106.25 on Friday. The Cooper Companies has a one year low of $71.40 and a one year high of $109.56. The stock’s 50-day moving average is currently $103.3. The company has a market cap of $5.273 billion and a P/E ratio of 19.57.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase reiterated an overweight rating on shares of The Cooper Companies in a research note to investors on Monday, February 25th. They now have a $114.00 price target on the stock, up previously from $106.00. Separately, analysts at Jefferies Group raised their EPS on shares of The Cooper Companies in a research note to investors on Wednesday, February 13th. They now have a hold rating and a $100.00 price target on the stock. Finally, analysts at Robert W. Baird reiterated an outperform rating on shares of The Cooper Companies in a research note to investors on Monday, January 14th. They now have a $113.00 price target on the stock.

The Cooper Companies, Inc. (Cooper) is a global medical products company that serves the specialty healthcare market through its two business units, CooperVision, Inc.

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