Nomura Gives Neutral Rating to Cooper Industries PLC (CBE)

By admin | 6 years ago

Cooper Industries PLC (NYSE: CBE)‘s stock had its “neutral” rating reiterated by investment analysts at Nomura (NYSE: NMR) in a note issued to investors on Thursday.

Cooper Industries PLC traded down 1.27% on Thursday, hitting $61.64. Cooper Industries PLC has a 52-week low of $41.15 and a 52-week high of $64.61. The company has a market cap of $9.801 billion and a price-to-earnings ratio of 15.84.

The company last announced its quarterly results on Wednesday, May 2nd. It reported $1.06 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.00 EPS 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 $1.12 earnings per share next quarter.

A number of other analysts have also recently weighed in on CBE. Analysts at Stifel Nicolaus downgraded shares of Cooper Industries PLC from a “buy” rating to a “hold” rating in a research note to investors on Thursday. Separately, analysts at FBR Capital (NASDAQ: FBCM) raised their price target on shares of Cooper Industries PLC from $64.00 to $69.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Piper Jaffray (NYSE: PJC) initiated coverage on shares of Cooper Industries PLC in a research note to investors on Tuesday, April 17th. They set an “overweight” rating and a $73.00 price target on the stock.

Cooper Industries plc (Cooper) is engaged in the manufacturing, marketing and selling of electrical products and providing services worldwide.

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