Coherent (NYSE:COHR) has been analyzed by 5 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 0 | 1 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 3 | 0 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $73.4, along with a high estimate of $90.00 and a low estimate of $65.00. This upward trend is evident, with the current average reflecting a 10.54% increase from the previous average price target of $66.40.
Breaking Down Analyst Ratings: A Detailed Examination
The standing of Coherent among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Mehdi Hosseini | Susquehanna | Raises | Neutral | $90.00 | $55.00 |
| James Ricchiuti | Needham | Maintains | Buy | $72.00 | $72.00 |
| Ruben Roy | Stifel | Maintains | Buy | $68.00 | $68.00 |
| James Ricchiuti | Needham | Maintains | Buy | $72.00 | $72.00 |
| Mark Miller | Benchmark | Maintains | Buy | $65.00 | $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: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Coherent compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Coherent's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of Coherent's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Coherent analyst ratings.
All You Need to Know About Coherent
Coherent Corp manufactures engineered materials, optoelectronic components and products used in industrial, optical communications, military, semiconductor, consumer, and life science applications. The firm operates in two segments Photonic Solutions Segment and Compound Semiconductors Segment. The Photonic Solutions Segment leverages II-VI's compound semiconductor technology platforms to deliver components and subsystems. The Compound Semiconductors Segment is a market leader in differentiated materials and devices.
Coherent: A Financial Overview
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Challenges: Coherent's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -2.53%. This indicates a decrease in top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Coherent's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -3.67% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Coherent's ROE stands out, surpassing industry averages. With an impressive ROE of -0.82%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Coherent's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of -0.3%, the company showcases efficient use of assets and strong financial health.
Debt Management: Coherent's debt-to-equity ratio stands notably higher than the industry average, reaching 0.81. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
The Basics of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.