Notable Runner: Is Coherent, Inc. a Buy? The Stock Reaches All Time High Today

Notable Runner: Is Coherent, Inc. a Buy? The Stock Reaches All Time High Today

The stock of Coherent, Inc. (NASDAQ:COHR) reached all time high today, Oct, 7 and still has $178.50 target or 60.00% above today’s $111.56 share price. This indicates more upside for the $2.82 billion company. This technical setup was reported by Barchart.com. If the $178.50 PT is reached, the company will be worth $1.69B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 62,314 shares traded hands. Coherent, Inc. (NASDAQ:COHR) has risen 33.71% since March 4, 2016 and is uptrending. It has outperformed by 25.67% the S&P500.

Analysts await Coherent, Inc. (NASDAQ:COHR) to report earnings on November, 2. They expect $1.37 earnings per share, up 22.32% or $0.25 from last year’s $1.12 per share. COHR’s profit will be $34.63M for 20.36 P/E if the $1.37 EPS becomes a reality. After $0.90 actual earnings per share reported by Coherent, Inc. for the previous quarter, Wall Street now forecasts 52.22% EPS growth.

Coherent, Inc. (NASDAQ:COHR) Ratings Coverage

Out of 3 analysts covering Coherent (NASDAQ:COHR), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Coherent has been the topic of 6 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Coherent, Inc. (NASDAQ:COHR) has “Buy” rating given on Monday, March 7 by Stifel Nicolaus. The firm has “Buy” rating by TheStreet given on Wednesday, September 2. The firm has “Buy” rating given on Monday, May 23 by Benchmark. The stock of Coherent, Inc. (NASDAQ:COHR) has “Buy” rating given on Friday, January 29 by Stifel Nicolaus. Needham maintained the shares of COHR in a report on Friday, January 29 with “Buy” rating.

According to Zacks Investment Research, “COHERENT INC. designs, manufactures, and supplies electro-optical systems and medical instruments utilizing laser, precision optic and microelectronic technologies. Co. integrates these technologies into a wide variety of products and systems designed to meet the productivity and performance needs of customers. Major markets include the scientific research community; medical institutions, clinics and private practices; lasers also support commercial applications, ranging from semiconductors and disk mastering to light shows and entertainment.”

Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.36, from 1.33 in 2016Q1. The ratio fall, as 33 funds sold all Coherent, Inc. shares owned while 66 reduced positions. 35 funds bought stakes while 61 increased positions. They now own 20.88 million shares or 26.28% less from 28.33 million shares in 2016Q1.
Teacher Retirement Sys Of Texas has invested 0% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Teachers Retirement Of The State Of Kentucky accumulated 8,600 shares or 0.01% of the stock. Proshare Advsrs Limited Liability Co, a Maryland-based fund reported 3,506 shares. State Of Tennessee Treasury Department holds 69,341 shares or 0.03% of its portfolio. Tudor Et Al owns 6,500 shares or 0.01% of their US portfolio. The Iowa-based Principal Gru has invested 0.02% in Coherent, Inc. (NASDAQ:COHR). Teachers holds 38,789 shares or 0.01% of its portfolio. Commonwealth Equity Inc accumulated 0% or 3,691 shares. Strs Ohio holds 0.01% or 14,000 shares in its portfolio. Moreover, Rhumbline Advisers has 0.01% invested in Coherent, Inc. (NASDAQ:COHR) for 33,003 shares. Lorem Ipsum Mgmt Lc accumulated 2.47% or 12,500 shares. Skylands Ltd Llc has 49,300 shares for 0.74% of their US portfolio. Arcadia Inv Mgmt Mi has 266 shares for 0.01% of their US portfolio. Driehaus Cap Mgmt Ltd Liability Company holds 0.06% of its portfolio in Coherent, Inc. (NASDAQ:COHR) for 19,731 shares. Hbk Investments Ltd Partnership last reported 6,900 shares in the company.

Insider Transactions: Since April 29, 2016, the stock had 0 insider buys, and 12 sales for $5.95 million net activity. JAMES SUSAN M. sold $533,726 worth of Coherent, Inc. (NASDAQ:COHR) on Monday, August 1. $257,004 worth of Coherent, Inc. (NASDAQ:COHR) was sold by SPINELLI LUIS. $158,670 worth of shares were sold by KRAUSE L WILLIAM on Tuesday, May 10. The insider DiMarco Bret sold 1,039 shares worth $109,956. 4,042 shares were sold by SOBEY MARK STEWART, worth $434,919 on Monday, August 22. SKAGGS STEPHEN A sold $54,300 worth of Coherent, Inc. (NASDAQ:COHR) on Monday, August 15.

More news for Coherent, Inc. (NASDAQ:COHR) were recently published by: Prnewswire.com, which released: “Coherent, Inc. to Present at the Deutsche Bank Technology Conference” on August 31, 2016. Streetinsider.com‘s article titled: “Coherent, Inc. (COHR) to Acquire ROFIN-SINAR (RSTI) in $942M Deal” and published on March 16, 2016 is yet another important article.

COHR Company Profile

Coherent, Inc., incorporated on January 11, 1989, is a supplier of photonics solutions for a range of commercial and scientific research applications. The Firm designs, makes, services and markets lasers and related accessories to customers. The Firm operates in two divisions: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC).

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