Is Buying 52-Week Stock Like Coherent, Inc. (COHR) a Winning Strategy?

November 21, 2017 - By Marie Mckinney

Investors sentiment decreased to 1.11 in 2017 Q2. Its down 0.05, from 1.16 in 2017Q1. It fall, as 26 investors sold Coherent, Inc. shares while 115 reduced holdings. 76 funds opened positions while 80 raised stakes. 22.28 million shares or 2.28% less from 22.80 million shares in 2017Q1 were reported.
Nomura Hldg Incorporated, Japan-based fund reported 2,947 shares. Teachers Retirement Sys Of The State Of Kentucky owns 5,000 shares or 0.01% of their US portfolio. Schwab Charles Invest Management stated it has 0.02% in Coherent, Inc. (NASDAQ:COHR). Nationwide Fund Advsr accumulated 67,023 shares or 0.06% of the stock. Campbell Investment Adviser Ltd Llc holds 0.26% of its portfolio in Coherent, Inc. (NASDAQ:COHR) for 1,232 shares. Massachusetts Fin Ma reported 51,755 shares or 0.01% of all its holdings. First Trust Advsrs L P invested in 16,839 shares. Rhumbline Advisers has 0.03% invested in Coherent, Inc. (NASDAQ:COHR) for 50,940 shares. Suntrust Banks has invested 0.01% in Coherent, Inc. (NASDAQ:COHR). Kames Capital Public Ltd Com, a United Kingdom-based fund reported 421,736 shares. The Colorado-based Alps Advsr has invested 0% in Coherent, Inc. (NASDAQ:COHR). Oak Ridge Investments Ltd Liability Co accumulated 15,668 shares. Nwq Investment Management Ltd Liability Co stated it has 1.25% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Paloma Prtnrs Company has invested 0.12% in Coherent, Inc. (NASDAQ:COHR). Federated Investors Pa has 0.01% invested in Coherent, Inc. (NASDAQ:COHR).

The stock of Coherent, Inc. (NASDAQ:COHR) hit a new 52-week high and has $340.61 target or 8.00 % above today’s $315.38 share price. The 8 months bullish chart indicates low risk for the $7.77 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $340.61 price target is reached, the company will be worth $621.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 40,204 shares traded. Coherent, Inc. (NASDAQ:COHR) has risen 187.82% since November 21, 2016 and is uptrending. It has outperformed by 171.12% the S&P500.

Investors wait Coherent, Inc. (NASDAQ:COHR) to report on February, 6. its quarterly earnings Wall Street analysts expect $3.41 EPS, up $1.17 or 52.23 % from last year’s $2.24 same quarter earnings. This translates into $84.01M profit for COHR giving the stock a 23.12 P/E. This is assuming the current $3.41 EPS is accurate. Coherent, Inc.’s Wall Street analysts see -4.75 % negative EPS growth, taking into account the $3.58 EPS reproted in the previous quarter,

Coherent, Inc. (NASDAQ:COHR) Ratings Coverage

Among 7 analysts covering Coherent (NASDAQ:COHR), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Coherent has $330 highest and $72 lowest target. $302.50’s average target is -4.08% below currents $315.38 stock price. Coherent had 24 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, June 28 by Longbow. The firm earned “Buy” rating on Wednesday, August 2 by Benchmark. The firm has “Overweight” rating by Barclays Capital given on Wednesday, November 8. Benchmark maintained Coherent, Inc. (NASDAQ:COHR) on Thursday, July 20 with “Buy” rating. The company was initiated on Monday, August 7 by Barclays Capital. Needham maintained the shares of COHR in report on Wednesday, August 2 with “Buy” rating. The stock of Coherent, Inc. (NASDAQ:COHR) has “Buy” rating given on Thursday, November 3 by Needham. The company was maintained on Monday, January 9 by Stifel Nicolaus. The rating was maintained by Longbow on Monday, June 12 with “Buy”. Stifel Nicolaus maintained Coherent, Inc. (NASDAQ:COHR) on Wednesday, November 8 with “Buy” rating.

More recent Coherent, Inc. (NASDAQ:COHR) news were published by: Nasdaq.com which released: “Earnings Reaction History: Coherent Inc., 66.7% Follow-Through Indicator, 12.2 …” on November 07, 2017. Also Nasdaq.com published the news titled: “Zacks.com featured highlights: Micron Technology, Vishay Intertechnology …” on November 21, 2017. Streetinsider.com‘s news article titled: “Coherent, Inc. (COHR): Solid Ending To The Year, PT To $330 – Needham” with publication date: November 08, 2017 was also an interesting one.

Coherent, Inc. is a photonics manufacturer. The company has market cap of $7.77 billion. The Firm is engaged in designing, manufacturing, servicing and marketing of lasers and related accessories for a range of scientific, commercial and industrial applications. It has a 37.49 P/E ratio. It operates through two divisions: Specialty Lasers and Systems and Commercial Lasers and Components (CLC).

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