New Lifetime High Reached: Cooper Companies (COO)
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Cooper Companies as such a stock due to the following factors:
- COO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $73.0 million.
- COO has traded 3,072 shares today.
- COO is trading at a new lifetime high.
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More details on COO:
The Cooper Companies, Inc. operates as a medical device company worldwide. The stock currently has a dividend yield of 0%. COO has a PE ratio of 29.9. Currently there are 6 analysts that rate Cooper Companies a buy, no analysts rate it a sell, and 3 rate it a hold.
The average volume for Cooper Companies has been 441,700 shares per day over the past 30 days. Cooper Companies has a market cap of $8.0 billion and is part of the health care sector and health services industry. The stock has a beta of 0.28 and a short float of 6.7% with 6.64 days to cover. Shares are up 1.3% year-to-date as of the close of trading on Wednesday.
Analysis:
rates Cooper Companies as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
Highlights from the ratings report include:
- The revenue growth came in higher than the industry average of 0.9%. Since the same quarter one year prior, revenues rose by 13.6%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- Compared to its closing price of one year ago, COO's share price has jumped by 27.81%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, although almost any stock can fall in a broad market decline, COO should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- Net operating cash flow has slightly increased to $152.06 million or 1.14% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -21.69%.
- The current debt-to-equity ratio, 0.54, is low and is below the industry average, implying that there has been successful management of debt levels. Despite the fact that COO's debt-to-equity ratio is low, the quick ratio, which is currently 0.68, displays a potential problem in covering short-term cash needs.
- You can view the full Cooper Companies Ratings Report.
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