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The Cochlear Limited share price just hit a 52 week high

The Cochlear Limited (ASX: COH) share price has today hit a 52-week high, trading as high as $155.30.

This latest gain means that the bionic ear company’s shares have provided shareholders with a year-to-date return of over 26%.

At an investor day last month, Cochlear management reiterated its full-year earnings guidance of between $210 million and $225 million, an increase of between 10% and 20% on last year’s result.

Cochlear shares are not exactly cheap, trading at around 40 times forward earnings estimates.

Top 3 ASX Blue Chips To Buy In 2017

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Motley Fool contributor Motley Fool Staff has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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