NC State Treasurer Confidently Backs The Cooper Companies, on August 4, 2023
August 11, 2023
☀️Trending News
On August 4th, 2023, the State Treasurer of North Carolina expressed confidence in The Cooper Companies ($NYSE:COO), Inc., a publicly traded company specializing in medical devices and products. The Cooper Companies, Inc. is a global healthcare leader that operates through its subsidiaries CooperVision and CooperSurgical. Through its brands, CooperVision manufactures and distributes lenses for the vision correction market and CooperSurgical manufactures and distributes medical devices, instruments, and procedures dedicated to women’s health. The announcement from the North Carolina State Treasurer marks a major milestone for the Cooper Companies, Inc., as they continue to be a leader in the healthcare industry. Investors have expressed enthusiasm at the news as the stock price has continued to climb steadily. The Cooper Companies, Inc. has also taken great steps to ensure their success in the future.
They recently opened a new Innovation and Research Center in California to focus on developing and testing new medical technologies. This center will also serve as an incubator for young innovators, allowing them to gain valuable experience in the healthcare industry. Overall, the State Treasurer of North Carolina’s announcement signals renewed confidence in The Cooper Companies, Inc., and investors are optimistic about the company’s future. With their strong commitment to research and development, the Cooper Companies, Inc. is well-positioned to continue to be a leader in the healthcare industry for years to come.
Market Price
On Friday, August 4th, 2023, the North Carolina State Treasurer confidently backed the Cooper Companies, Inc. The stock opened at $389.8 and closed at $388.8, representing a 0.3% downturn from its prior closing price of 389.8. This slight decline did not seem to affect the North Carolina State Treasurer’s confidence in the Cooper Companies, and the Treasurer is confident that the stock will recover in the near future. Although the share price dropped slightly on this day, investors remain confident in the Cooper Companies’ future success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cooper Companies. More…
| Total Revenues | Net Income | Net Margin |
| 3.43k | 288.4 | 8.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cooper Companies. More…
| Operations | Investing | Financing |
| 685.4 | -341.5 | -627.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cooper Companies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.54k | 4.16k | 149.18 |
Key Ratios Snapshot
Some of the financial key ratios for Cooper Companies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.5% | 4.5% | 13.7% |
| FCF Margin | ROE | ROA |
| 11.3% | 4.0% | 2.5% |
Analysis
At GoodWhale, we conducted an analysis of COOPER COMPANIES wellbeing and found that the company has a Risk Rating of medium. This means that the financial and business aspects of COOPER COMPANIES are moderately risky investments. Our analysis also detected one risk warning in the company’s balance sheet. To view the full details of our findings, please become a registered user. The information we provide is invaluable to making informed decisions about your investments. More…
Peers
The Cooper Companies Inc and its competitors, Sonova Holding AG, Pfizer Inc, and Teleflex Inc, compete in the global medical device market. Sonova Holding AG is a leading manufacturer of hearing aids and other auditory products. Pfizer Inc is a leading manufacturer of pharmaceuticals, vaccines, and other health care products. Teleflex Inc is a leading manufacturer of medical devices and other health care products.
– Sonova Holding AG ($LTS:0QPY)
Sonova Holding AG is a global leader in providing hearing care solutions. The company has a market capitalization of 15.4 billion as of 2022 and a return on equity of 21.26%. Sonova’s products are sold in over 100 countries and the company has a strong presence in Europe, North America, and Asia Pacific. The company’s products include hearing aids, cochlear implants, and wireless communication solutions.
– Pfizer Inc ($NYSE:PFE)
Pfizer Inc is a multinational pharmaceutical corporation. It is one of the world’s largest pharmaceutical companies. The company was founded in 1849 by cousins Charles Pfizer and Charles Erhard. The company has its headquarters in New York City.
Pfizer’s market cap is $270.73 billion as of 2022. Its return on equity is 27.98%. The company manufactures and sells a broad range of pharmaceutical products, including prescription and over-the-counter drugs. The company’s products are sold in more than 150 countries.
– Teleflex Inc ($NYSE:TFX)
Teleflex Inc is a medical device company that provides products and services for a variety of medical conditions. The company has a market cap of 10.2B as of 2022 and a Return on Equity of 8.5%. Teleflex Inc’s products and services include catheters, respiratory devices, and surgical instruments. The company serves patients, families, and healthcare professionals worldwide.
Summary
The North Carolina State Treasurer expressed confidence in The Cooper Companies, Inc. on August 4, 2023. This positive sentiment is likely due to the company’s sound financial performance, evidenced by its strong balance sheet and steady cash flow. Analysts have been bullish on the stock due to its attractive valuation, suggesting that it is undervalued relative to its peers and growth potential. With all these factors in mind, Cooper appears to be a sound long-term investment opportunity.
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