MKM Partners Cuts Cooper Industries PLC to Neutral (CBE)

By admin | 6 years ago

Cooper Industries PLC (NYSE: CBE) was downgraded by analysts at MKM Partners from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday.

CBE has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Cooper Industries PLC in a research note to investors on Wednesday, May 23rd. They now have a $73.00 price target on the stock. Separately, analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of Cooper Industries PLC in a research note to investors on Tuesday, May 22nd. Finally, 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, May 22nd.

Shares of Cooper Industries PLC traded up 1.14% during mid-day trading on Tuesday, hitting $69.08. Cooper Industries PLC has a one year low of $41.15 and a one year high of $72.21. The company has a market cap of $10.988 billion and a P/E ratio of 17.33.

Cooper Industries PLC last issued its quarterly earnings data 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. On average, analysts predict that Cooper Industries PLC will post $1.13 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.

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