Stifel Nicolaus Maintains Coherent to Buy with Price Target $120.00

Brokerage firm Stifel Nicolaus Maintains its rating on Coherent(NASDAQ:COHR). In a research note issued to the investors, the brokerage major Raises the price-target to $120.00 per share. The shares have been rated Buy. The rating by Stifel Nicolaus was issued on Jul 28, 2016.

Coherent (COHR) made into the market gainers list on Thursdays trading session with the shares advancing 0.55% or 0.58 points. Due to strong positive momentum, the stock ended at $106.07, which is also near the day’s high of $106.2. The stock began the session at $105.63 and the volume stood at 1,94,430 shares. The 52-week high of the shares is $107.72 and the 52 week low is $52.15. The company has a current market capitalization of $2,577 M and it has 2,42,91,591 shares in outstanding.

Coherent(COHR) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $218.77M. Analysts had an estimated revenue of $211.94M. Earnings per share were $1.07. Analysts had estimated an EPS of $1.11.

Several Insider Transactions has been reported to the SEC. On May 24, 2016, L William Krause (director) sold 7,700 shares at $89.07 per share price.Also, On May 19, 2016, Luis Spinelli (Exec VP, CTO) sold 3,027 shares at $84.96 per share price.On Mar 22, 2016, Paul F Sechrist (EVP Worldwide Sales & Services) sold 19,000 shares at $90.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Coherent Inc. is a supplier of photonics-based solutions for a range of commercial and scientific research applications. The Company designs manufactures services and markets lasers and related accessories to customers. The Company operates in two segments: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC). The SLS segment develops and manufactures configurable products serving the microelectronics scientific research and government programs and original equipment manufacturer (OEM) components and instrumentation markets. The CLC segment’s primary markets include materials processing OEM components and instrumentation and microelectronics.

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