Published on 18 Aug 2022 on Zacks via Yahoo Finance

Here's Why You Should Retain Cooper Companies (COO) Stock Now

The Cooper Companies, Inc. COO is well-poised for growth, backed by strong prospects in both CooperVision (CVI) and CooperSurgical (CSI) business segments. The company’s acquisitions to complement its portfolio buoy optimism. However, unfavorable currency movements and rising costs continue to hurt the top line and margins, respectively.

Shares of the Zacks Rank #3 (Hold) company have lost 21.4% compared with the industry's decline of 6.4% so far this year. The S&P 500 Index has declined 10.3% in the same time frame.

Cooper Companies — with a market capitalization of $16.64 billion — is a specialty medical device company operating on a global basis. The company’s earnings are estimated to improve 10% over the next five years. The company beat earnings estimates in two of the trailing four quarters and missed twice, the average surprise being 0.22%.