Coach Rating Increased to Buy at Standpoint Research (COH)
Coach (NYSE:COH) was upgraded by analysts at Standpoint Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, Analyst Ratings Network.com reports. The firm currently has a $58.00 price target on the stock. Standpoint Research’s price objective suggests a potential upside of 17.46% from the company’s current price.
COH has been the subject of a number of other recent research reports. Analysts at Macquarie downgraded shares of Coach from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $50.00 price target on the stock, down previously from $66.00. Separately, analysts at Canaccord Genuity cut their price target on shares of Coach from $55.00 to $47.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Finally, analysts at Zacks reiterated an “underperform” rating on shares of Coach in a research note to investors on Tuesday, January 7th. They now have a $50.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. Coach currently has a consensus rating of “Hold” and an average price target of $57.14.
Shares of Coach (NYSE:COH) traded down 1.56% on Thursday, hitting $48.61. 3,107,485 shares of the company’s stock traded hands. Coach has a 52-week low of $45.87 and a 52-week high of $60.12. The stock’s 50-day moving average is $55.25 and its 200-day moving average is $54.46. The company has a market cap of $13.633 billion and a price-to-earnings ratio of 13.67. Coach also was the recipient of some unusual options trading activity on Tuesday. Traders purchased 25,758 call options on the company. This represents an increase of 458% compared to the average daily volume of 4,615 call options.
Coach (NYSE:COH) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by $0.06. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company posted $1.23 earnings per share. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, analysts predict that Coach will post $3.47 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.