The Cooper Companies Inc
COO: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$24.00 | Cdbzcq | Lycgsslmb |
Cooper Companies Earnings: Robust Demand for Toric and Multifocal Lenses Fuels the Top Line
Narrow-moat Cooper Companies reported second-quarter earnings that were slightly higher than our expectations. Total sales were up 5.7% year over year, driven by expanded product rollouts and a recovery in the Asia-Pacific region. We are raising our fair value estimate to $325 per share from $320 given an uptick in near-term assumptions from increased full-year guidance for CooperVision and CooperSurgical as well as time value of money.