Coherent Stock Buy Hold or Sell Recommendation

COHR
 Stock
  

USD 35.16  0.78  2.17%   

Given the investment horizon of 90 days and your slightly conservative level of risk, our recommendation regarding Coherent Corp is 'Cautious Hold'. Macroaxis provides Coherent Corp buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding COHR positions. The advice algorithm takes into account all of Coherent Corp's available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from Coherent Corp's buy-and-hold perspective. Continue to Coherent Corp Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Coherent and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Coherent Corp.

Execute Coherent Corp Buy or Sell Advice

The Coherent recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Coherent Corp. Macroaxis does not own or have any residual interests in Coherent Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Coherent Corp's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Coherent CorpBuy Coherent Corp
Cautious Hold

Volatility

Details

Hype Condition

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Current Valuation

Details

Odds of Distress

Details

Economic Sensitivity

Details

Analyst Consensus

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Financial Strenth (F Score)

Details

Financial Leverage

Inapplicable
Details

Reporting Quality (M-Score)

Details
For the selected time horizon Coherent Corp has a Mean Deviation of 2.77, Standard Deviation of 3.76 and Variance of 14.12
Coherent Corp advice module can be used to check and cross-verify current investment recommendation provided by analysts analyzing the company's potential to grow using all of fundamental, technical, data market data available at the time. To make sure Coherent Corp is not overpriced, please confirm all Coherent Corp fundamentals, including its cash per share, beta, and the relationship between the revenue and cash flow from operations . Given that Coherent Corp has a price to earning of 21.61 X, we suggest you to validate Coherent Corp market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Coherent Corp Trading Alerts and Improvement Suggestions

Coherent Corp generated a negative expected return over the last 90 days
Coherent Corp has high historical volatility and very poor performance
Over 77.0% of the company shares are held by institutions such as insurance companies
Latest headline from news.google.com: Deutsche Bank Upgrades Coherent to Buy From Hold, Adjusts Price Target to 50 From 45 - Marketscreener.com

Coherent Corp current analysts advice

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Coherent analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Coherent analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Mean Price72.15
Target Median Price74.00
Target High Price118.00
Recommendation Mean2.40
Number Of Analyst Opinions13
Target Low Price30.00
Average Consensus Hold
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.

Coherent Corp Returns Distribution Density

The distribution of Coherent Corp's historical returns is an attempt to chart the uncertainty of Coherent Corp's future price movements. The chart of the probability distribution of Coherent Corp stock daily returns describes the distribution of returns around its average expected value. We use Coherent Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Coherent Corp returns is essential to provide solid investment advice for Coherent Corp.
Mean Return-0.52Value At Risk-5.91
Potential Upside7.55Standard Deviation3.76
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Coherent Corp historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Coherent Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Coherent Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Coherent Corp backward and forwards among themselves. Coherent Corp's institutional investor refers to the entity that pools money to purchase Coherent Corp's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Zweigdimenna Associates LlcCommon Shares58.7 KM
Zweigdimenna Associates LlcCommon Shares58.7 KM
Zweigdimenna Associates LlcCommon Shares58.7 K4.3 M
Zweigdimenna Associates LlcCommon Shares117.2 KM
Zweigdimenna Associates LlcCommon Shares59.4 K4.1 M
Zweigdimenna Associates LlcCommon Shares67 K5.1 M
Zweigdimenna Associates LlcCommon Shares178 K6.6 M
Zurcher Kantonalbank Zurich CantonalbankDebt400 K453 K
Note, although Coherent Corp's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Coherent Corp Cash Flow Accounts

201720182019202020212022 (projected)
Capital Expenditure(153.44 M)(137.12 M)(136.88 M)(146.34 M)(314.33 M)(322.6 M)
Depreciation Amortization and Accretion80.77 M92.36 M220.88 M270.07 M286.78 M309.42 M
Net Cash Flow or Change in Cash and Cash Equivalents(24.85 M)(42.17 M)288.17 M1.1 B990.48 M1.07 B
Net Cash Flow Business Acquisitions and Disposals(80.5 M)(83.07 M)(1.04 B)(34.39 M)(30.95 M)(33.4 M)
Issuance Purchase of Equity Shares(39.41 M)7.08 M11.84 M492.36 M17.86 M18.33 M
Issuance Repayment of Debt Securities142.94 M9.41 M1.19 B(925.65 M)902.87 M974.14 M
Net Cash Flow from Financing96.97 M4.88 M1.17 B675.73 M862.95 M931.08 M
Net Cash Flow from Investing(284.95 M)(223.98 M)(1.18 B)(172.96 M)(320.08 M)(345.35 M)
Net Cash Flow from Operations161.01 M178.47 M297.29 M574.35 M413.33 M445.96 M
Effect of Exchange Rate Changes on Cash2.12 M(1.54 M)(3.45 M)21.72 M34.28 M36.98 M
Share Based Compensation15.31 M21.95 M68.48 M70.95 M73.21 M78.99 M

Coherent Corp Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Coherent Corp or Technology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Coherent Corp's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Coherent stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
-0.62
β
Beta against DOW1.28
σ
Overall volatility
3.79
Ir
Information ratio -0.16

Coherent Corp Volatility Alert

Coherent Corp exhibits very low volatility with skewness of 0.81 and kurtosis of 1.18. However, we advise investors to further study Coherent Corp technical indicators to ensure that all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Coherent Corp's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Coherent Corp's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Coherent Corp Fundamentals Vs Peers

Comparing Coherent Corp's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Coherent Corp's direct or indirect competition across all of the common fundamentals between Coherent Corp and the related equities. This way, we can detect undervalued stocks with similar characteristics as Coherent Corp or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Coherent Corp's fundamental indicators could also be used in its relative valuation, which is a method of valuing Coherent Corp by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Coherent Corp to competition
FundamentalsCoherent CorpPeer Average
Return On Equity5.51 %(0.31) %
Return On Asset3.61 %(0.14) %
Profit Margin7.08 %(1.27) %
Operating Margin12.49 %(5.51) %
Current Valuation5.47 B16.62 B
Shares Outstanding24.76 M571.82 M
Shares Owned by Insiders1.62 %10.09 %
Shares Owned by Institutions76.64 %39.21 %
Number of Shares Shorted6.81 M4.71 M
Price to Earning21.61 X28.72 X
Price to Book1.08 X9.51 X
Price to Sales4.26 X11.42 X
Revenue3.32 B9.43 B
Gross Profit1.27 B27.38 B
EBITDA701.07 M3.9 B
Net Income166.53 M570.98 M
Cash and Equivalents2.58 B2.7 B
Cash per Share19.73 X5.01 X
Total Debt2.46 B5.32 B
Debt to Equity0.56 %48.70 %
Current Ratio3.40 X2.16 X
Book Value Per Share29.65 X1.93 K
Cash Flow from Operations413.33 M971.22 M
Short Ratio3.92 X4.00 X
Earnings Per Share1.48 X3.12 X
Price to Earnings To Growth0.59 X4.89 X
Number of Employees23.66 K18.84 K
Beta1.52-0.15
Market Capitalization6.59 B19.03 B
Total Asset1.16 B29.47 B
Retained Earnings914.56 M9.33 B
Working Capital614.14 M1.48 B
Current Asset815.64 M9.34 B
   Coherent Corp exotic insider transaction detected [view details]

Coherent Corp Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Coherent . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Coherent Corp Buy or Sell Advice

When is the right time to buy or sell Coherent Corp? Buying financial instruments such as Coherent Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2019 2020 2021 2022 (projected)
Receivables598.12 M658.96 M700.33 M755.62 M
Inventories619.81 M695.83 M902.56 M973.81 M

Use Investing Ideas to Build Portfolios

In addition to having Coherent Corp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Run Basic Utilities Thematic Idea Now

Basic Utilities
Basic Utilities Theme
Companies involved in production and distribution of electric, gas, water, and other energy utilities. The Basic Utilities theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Basic Utilities Theme or any other thematic opportunities.
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Continue to Coherent Corp Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Coherent Corp information on this page should be used as a complementary analysis to other Coherent Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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When running Coherent Corp price analysis, check to measure Coherent Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Coherent Corp is operating at the current time. Most of Coherent Corp's value examination focuses on studying past and present price action to predict the probability of Coherent Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Coherent Corp's price. Additionally, you may evaluate how the addition of Coherent Corp to your portfolios can decrease your overall portfolio volatility.
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Is Coherent Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Coherent Corp. If investors know Coherent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Coherent Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.61) 
Market Capitalization
6.6 B
Quarterly Revenue Growth YOY
0.69
Return On Assets
0.0299
Return On Equity
0.0214
The market value of Coherent Corp is measured differently than its book value, which is the value of Coherent that is recorded on the company's balance sheet. Investors also form their own opinion of Coherent Corp's value that differs from its market value or its book value, called intrinsic value, which is Coherent Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Coherent Corp's market value can be influenced by many factors that don't directly affect Coherent Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Coherent Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Coherent Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coherent Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.