Coherent Corp [NYSE: COHR] price surged by 6.40 percent to reach at $4.29.
The one-year COHR stock forecast points to a potential upside of 14.02. The average equity rating for COHR stock is currently 1.83, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Coherent Corp [COHR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COHR shares is $82.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on COHR stock is a recommendation set at 1.83. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Coherent Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 12, 2024. While these analysts kept the previous recommendation, Barclays raised their target price from $38 to $60. The new note on the price target was released on January 16, 2024, representing the official price target for Coherent Corp stock. Previously, the target price had yet another raise from $39 to $45, while Morgan Stanley kept a Equal-Weight rating on COHR stock. On October 11, 2023, analysts increased their price target for COHR shares from 31 to 37.
The Average True Range (ATR) for Coherent Corp is set at 3.99, with the Price to Sales ratio for COHR stock in the period of the last 12 months amounting to 2.36. The Price to Book ratio for the last quarter was 2.04, with the Price to Cash per share for the same quarter was set at 7.10. Price to Free Cash Flow for COHR in the course of the last twelve months was 48.31 with Quick ratio for the last quarter at 1.72.
COHR Stock Performance Analysis:
Coherent Corp [COHR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 15.00. With this latest performance, COHR shares dropped by -5.99% in over the last four-week period, additionally plugging by 14.95% over the last 6 months – not to mention a rise of 51.63% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for COHR stock in for the last two-week period is set at 56.78, with the RSI for the last a single of trading hit 62.79, and the three-weeks RSI is set at 54.66 for Coherent Corp [COHR]. The present Moving Average for the last 50 days of trading for this stock 70.11, while it was recorded at 67.05 for the last single week of trading, and 55.39 for the last 200 days.
Insight into Coherent Corp Fundamentals:
Coherent Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.72 and a Current Ratio set at 2.71.
COHR Stock EPS
With the latest financial reports released by the company, Coherent Corp posted 0.16/share EPS, while the average EPS was predicted by analysts to be reported at 0.12/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.04. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for COHR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Coherent Corp go to 11.60%.
Coherent Corp [COHR] Institutonal Ownership Details
The top three institutional holders of COHR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in COHR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in COHR stock with ownership which is approximately 5.1238%.
