Cooper Companies Hits 52-Week High (COO)

Shares of Cooper Companies, Inc. COO are currently up 6.5% at $57.03 per share during Wednesday afternoon trading. Today's trading range for shares of Cooper Companies, Inc has been between $55.52 and a 52-week high of $57.69 per share. The consensus price target of analysts covering the company's stock is $51.71 per share. Volume of 1.5 million shares is more than triple the daily average volume of 452,000 shares. Cooper Companies, Inc. (COO) released financial results after the market closed on Tuesday that beat Wall Street estimates. Cooper Companies, Inc reported 4th quarter adjusted earnings of $1.09 per share, on revenue of $313.4 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 87 cents per share, on revenue of $297.95 million. President and chief executive officer Robert S. Weiss said, "We are very pleased with our strong finish to a successful year as we continued to take market share, show strength in margins and deliver strong free cash flow. As we enter fiscal 2011, we look forward to continuing this momentum with a strategy focusing on revenue growth and margin improvement while continuing to invest in the future growth of our business." Read more from Benzinga's Company news.