Strong And Under The Radar Today: 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.

Trade-Ideas LLC identified Cooper Companies ( COO) as a strong and under the radar 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 $53.0 million.
  • COO is making at least a new 3-day high.
  • COO has a PE ratio of 34.
  • COO is mentioned 0.61 times per day on StockTwits.
  • COO has not yet been mentioned on StockTwits today.
  • COO is currently in the upper 20% of its 1-year range.
  • COO is in the upper 35% of its 20-day range.
  • COO is in the upper 45% of its 5-day range.
  • COO is currently trading above yesterday's high.

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.

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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 34. Currently there are 8 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 384,600 shares per day over the past 30 days. Cooper Companies has a market cap of $8.7 billion and is part of the health care sector and health services industry. The stock has a beta of 0.19 and a short float of 4.5% with 6.29 days to cover. Shares are up 12.1% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Cooper Companies as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, reasonable valuation levels, expanding profit margins and good cash flow from operations. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:
  • Compared to its closing price of one year ago, COO's share price has jumped by 41.84%, 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.
  • COO's revenue growth trails the industry average of 22.6%. Since the same quarter one year prior, revenues slightly increased by 9.9%. 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.
  • The gross profit margin for COOPER COMPANIES INC is currently very high, coming in at 70.78%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 13.74% is above that of the industry average.
  • Net operating cash flow has increased to $79.84 million or 16.43% when compared to the same quarter last year. In addition, COOPER COMPANIES INC has also vastly surpassed the industry average cash flow growth rate of -74.03%.

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