Peeling Back The Layers: Exploring Coherent Through Analyst Insights

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Throughout the last three months, 4 analysts have evaluated Coherent COHR, offering a diverse set of opinions from bullish to bearish.

Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 3 0 1 0 0
Last 30D 1 0 0 0 0
1M Ago 0 0 1 0 0
2M Ago 2 0 0 0 0
3M Ago 0 0 0 0 0

Analysts have set 12-month price targets for Coherent, revealing an average target of $65.0, a high estimate of $72.00, and a low estimate of $55.00. Surpassing the previous average price target of $62.33, the current average has increased by 4.28%.

Decoding Analyst Ratings: A Detailed Look

The analysis of recent analyst actions sheds light on the perception of Coherent by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Mark Miller Benchmark Maintains Buy $65.00 -
Mehdi Hosseini Susquehanna Maintains Neutral $55.00 $55.00
Ruben Roy Stifel Maintains Buy $68.00 $68.00
James Ricchiuti Needham Raises Buy $72.00 $64.00

Key Insights:

  • Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Coherent. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Coherent compared to the broader market.
  • Price Targets: Gaining insights, analysts provide 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.

Delving into Coherent's Background

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.

Understanding the Numbers: Coherent's Finances

Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.

Negative Revenue Trend: Examining Coherent's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -17.43% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.

Net Margin: Coherent's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of -5.09%, the company showcases strong profitability and effective cost management.

Return on Equity (ROE): Coherent's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -1.12% ROE, the company effectively utilizes shareholder equity capital.

Return on Assets (ROA): Coherent's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -0.41% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: Coherent's debt-to-equity ratio stands notably higher than the industry average, reaching 0.8. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.

The Significance of Analyst Ratings Explained

Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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