Coach Price Target Cut to $52.00 (COH)
Equities research analysts at UBS AG decreased their price target on shares of Coach (NYSE:COH) to $52.00 in a research note issued to investors on Wednesday, StockRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price objective would suggest a potential upside of 3.79% from the company’s current price.
Coach (NYSE:COH) traded down 4.00% on Wednesday, hitting $48.095. 6,475,552 shares of the company’s stock traded hands. Coach has a 52-week low of $45.87 and a 52-week high of $62.26. The stock’s 50-day moving average is $53.42 and its 200-day moving average is $54.65. The company has a market cap of $13.560 billion and a price-to-earnings ratio of 13.88. Coach also was the target of unusually large options trading on Monday. Stock investors acquired 23,805 call options on the stock. This represents an increase of 757% compared to the typical volume of 2,779 call options.
Coach (NYSE:COH) last announced its earnings results 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.
Several other analysts have also recently commented on the stock. Analysts at Merrill Lynch downgraded shares of Coach from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. Separately, analysts at Argus downgraded shares of Coach from a “buy” rating to a “hold” rating in a research note to investors on Wednesday. Finally, analysts at Bank of America Corp. downgraded shares of Coach from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $54.00 price target on the stock, down previously from $63.00. One equities research analyst has rated the stock with a sell rating, twenty have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Coach currently has a consensus rating of “Hold” and an average target price of $61.21.
Coach, Inc (NYSE:COH), is a marketer of fine accessories and gifts for women and men.
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