Coastal Contacts Downgraded by Craig Hallum to “Hold” (COA)
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.
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