6 analysts have expressed a variety of opinions on Coherent COHR over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 2 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 1 | 1 | 1 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $50.33, a high estimate of $60.00, and a low estimate of $40.00. Marking an increase of 22.01%, the current average surpasses the previous average price target of $41.25.
Diving into Analyst Ratings: An In-Depth Exploration
A comprehensive examination of how financial experts perceive Coherent is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| James Ricchiuti | Needham | Maintains | Buy | $52.00 | - |
| Tom O'Malley | Barclays | Raises | Overweight | $60.00 | $38.00 |
| Simon Leopold | Raymond James | Raises | Outperform | $53.00 | $42.00 |
| James Ricchiuti | Needham | Raises | Buy | $52.00 | $46.00 |
| Meta Marshall | Morgan Stanley | Raises | Equal-Weight | $45.00 | $39.00 |
| Mark Miller | Benchmark | Maintains | Buy | $40.00 | - |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Coherent. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Coherent compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Coherent's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Coherent analyst ratings.
Delving into Coherent's Background
Coherent Corp manufactures engineered materials, optoelectronic components and products used in industrial, optical communications, military, semiconductor, consumer, and life science applications. The firm operates in two segments Photonic Solutions Segment and Compound Semiconductors Segment. The Photonic Solutions Segment leverages II-VI's compound semiconductor technology platforms to deliver components and subsystems. The Compound Semiconductors Segment is a market leader in differentiated materials and devices.
Breaking Down Coherent's Financial Performance
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Challenges: Coherent's revenue growth over 3 months faced difficulties. As of 30 September, 2023, the company experienced a decline of approximately -21.68%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Coherent's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of -9.28%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Coherent's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -2.08%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Coherent's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -0.72%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Coherent's debt-to-equity ratio stands notably higher than the industry average, reaching 0.92. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Understanding the Relevance of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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