Share on StockTwits
 

Coastal Contacts (NYSE:COA) was downgraded by research analysts at Craig Hallum from a “buy” rating to a “hold” rating in a report released on Thursday, TheFlyOnTheWall.com reports.

Other equities research analysts have also recently issued reports about the stock. Analysts at Wedbush initiated coverage on shares of Coastal Contacts in a research note on Friday, February 21st. They set an “outperform” rating and a $12.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Coastal Contacts from an “underperform” rating to a “neutral” rating in a research note on Thursday, January 16th. They now have a $8.30 price target on the stock. Finally, analysts at Zacks downgraded shares of Coastal Contacts from a “neutral” rating to an “underperform” rating in a research note on Monday, December 16th. They now have a $6.80 price target on the stock.

Shares of Coastal Contacts (NYSE:COA) traded up 19.17% during mid-day trading on Thursday, hitting $11.19. 2,728,448 shares of the company’s stock traded hands. Coastal Contacts has a 1-year low of $4.43 and a 1-year high of $9.42. The stock has a 50-day moving average of $8.02 and a 200-day moving average of $6.95. The company’s market cap is $367.1 million.

Coastal Contacts (NYSE:COA) last announced its earnings results on Tuesday, January 21st. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.05. On average, analysts predict that Coastal Contacts will post $-0.22 earnings per share for the current fiscal year.

Coastal Contacts Inc is an online direct-to-consumer retailer of contact lenses, eyeglasses, sunglasses and vision care accessories serving over 10 markets around the world, including Canada, the United States, Sweden, Norway and Japan.

The Fly On The Wall

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.