JMP Securities Lowers Cooper Industries PLC to Market Perform (CBE)

By admin | 5 years ago
[Total: 0    Average: 0/5]

Cooper Industries PLC (NYSE: CBE) was downgraded by JMP Securities from an “outperform” rating to a “market perform” rating in a research note issued on Tuesday.

Advertisement

Several other analysts have also recently commented on the stock. Analysts at FBR Capital (NASDAQ: FBCM) downgraded shares of Cooper Industries PLC from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday. They now have a $72.00 price target on the stock. Separately, analysts at Piper Jaffray (NYSE: PJC) downgraded shares of Cooper Industries PLC from an “overweight” rating to a “neutral” rating in a research note to investors on Monday. Finally, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Cooper Industries PLC from $68.00 to $74.00 in a research note to investors on Thursday, May 3rd. They now have an “overweight” rating on the stock.

Cooper Industries PLC traded up 0.04% on Tuesday, hitting $70.46. Cooper Industries PLC has a 52-week low of $41.15 and a 52-week high of $71.37. The company has a market cap of $11.208 billion and a price-to-earnings ratio of 17.87.

Cooper Industries PLC last posted its quarterly earnings results on Wednesday, May 2nd. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.00 by $0.06. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Analysts expect that Cooper Industries PLC will post $1.14 EPS next quarter.

Cooper Industries plc (Cooper) is a global manufacturer of electrical components and tools. The Company operates in two segments: Energy and Safety Solutions and Electrical Products Group.

Advertisement

Related Post

Guide: