Across the recent three months, 17 analysts have shared their insights on Coherent COHR, expressing a variety of opinions spanning 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 | 11 | 2 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 2 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 9 | 2 | 2 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Coherent, presenting an average target of $86.18, a high estimate of $120.00, and a low estimate of $50.00. This current average has increased by 18.72% from the previous average price target of $72.59.
Breaking Down Analyst Ratings: A Detailed Examination
The perception of Coherent by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Mike Genovese | Rosenblatt | Raises | Neutral | $105.00 | $84.00 |
| Dave Kang | B. Riley Securities | Maintains | Neutral | $86.00 | $86.00 |
| James Ricchiuti | Needham | Raises | Buy | $120.00 | $84.00 |
| Vivek Arya | B of A Securities | Raises | Buy | $108.00 | $90.00 |
| Mark Miller | Benchmark | Raises | Buy | $90.00 | $65.00 |
| Tim Savageaux | Northland Capital Markets | Raises | Market Perform | $50.00 | $45.00 |
| Richard Shannon | Craig-Hallum | Raises | Buy | $85.00 | $72.00 |
| Ruben Roy | Stifel | Raises | Buy | $85.00 | $75.00 |
| Dave Kang | B. Riley Securities | Raises | Buy | $86.00 | $78.00 |
| Mike Genovese | Rosenblatt | Raises | Buy | $84.00 | $76.00 |
| Meta Marshall | Morgan Stanley | Raises | Equal-Weight | $72.00 | $58.00 |
| James Ricchiuti | Needham | Raises | Buy | $84.00 | $72.00 |
| Vivek Arya | B of A Securities | Raises | Buy | $90.00 | $75.00 |
| Tom O'Malley | Barclays | Raises | Overweight | $85.00 | $66.00 |
| Ruben Roy | Stifel | Raises | Buy | $75.00 | $68.00 |
| Samik Chatterjee | JP Morgan | Raises | Overweight | $85.00 | $75.00 |
| Vivek Arya | B of A Securities | Raises | Buy | $75.00 | $65.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Coherent. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Coherent compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Coherent's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Coherent's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Coherent analyst ratings.
Get to Know Coherent Better
Coherent Corp engaged in materials, networking, and lasers, is a vertically integrated manufacturing company that develops, manufactures, and markets engineered materials, optoelectronic components and devices, and lasers for use in the industrial, communications, electronics and instrumentation markets. The firm operates in three segments Networking, Materials, and Lasers Segment. It generates maximum revenue from Networking segment. The company geographically operates in North America. Europe, China, Japan and Rest of the world.
Coherent's Economic Impact: An Analysis
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Over the 3 months period, Coherent showcased positive performance, achieving a revenue growth rate of 9.07% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -6.08%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Coherent's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -1.51% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Coherent's ROA excels beyond industry benchmarks, reaching -0.55%. This signifies efficient management of assets and strong financial health.
Debt Management: Coherent's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.83, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
The Significance of Analyst Ratings Explained
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market.
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.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
