Argus Downgrades Coach to Hold (COH)
Coach (NYSE:COH) was downgraded by Argus from a “buy” rating to a “hold” rating in a research note issued on Wednesday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. downgraded shares of Coach to a “neutral” rating in a research note to investors on Wednesday. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Coach in a research note to investors on Friday, October 18th. Finally, analysts at Canaccord Genuity downgraded shares of Coach from a “buy” rating to a “hold” rating in a research note to investors on Monday, October 14th. They now have a $62.00 price target on the stock, down previously from $65.00. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $61.65.
Shares of Coach (NYSE:COH) opened at 50.10 on Wednesday. Coach has a 1-year low of $45.87 and a 1-year high of $62.26. The stock has a 50-day moving average of $53.42 and a 200-day moving average of $54.65. The company has a market cap of $14.125 billion and a P/E ratio of 13.88. Coach also was the target of some unusual options trading activity on Monday. Stock traders bought 23,805 call options on the stock. This is an increase of 757% compared to the average daily volume of 2,779 call options.
Coach (NYSE:COH) last released its earnings data on Tuesday, October 22nd. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.01. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. On average, analysts predict that Coach will post $3.79 earnings per share for the current fiscal year.
Coach, Inc (NYSE:COH), is a marketer of fine accessories and gifts for women and men.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.