Nomura Reiterates Neutral on Cooper Industries PLC (CBE)
CBE has been the subject of a number of other recent research reports. Analysts at KeyBanc (NYSE: KEY) downgraded shares of Cooper Industries PLC from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. Separately, analysts at JMP Securities downgraded shares of Cooper Industries PLC from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday. Finally, 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.
Shares of Cooper Industries PLC traded down 0.21% during mid-day trading on Tuesday, hitting $70.28. 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 $11.179 billion and a P/E ratio of 17.87.
Cooper Industries PLC last announced its earnings results on Wednesday, May 2nd. The company reported $1.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.00 by $0.06. Cooper Industries PLC’s revenue was up 9.4% compared to the same quarter last year. On average, analysts predict that Cooper Industries PLC will post $1.14 earnings per share 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.