Analyst Rating Update on Coach (COH)

Coach (COH) : The consensus on Coach (COH) based on 20 analyst recommendation on the company stock is 1.85, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 12 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Coach (COH).

Coach (COH) : The highest level Coach (COH) is projected to reach is $51 for the short term and the lowest estimate is at $34. The consolidated price target from 15 rating analysts who initiate coverage on the stock is $44.27 and the possibility the share price can swing is $5.57.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Credit Suisse upgrades the rating on Coach (NYSE:COH). The brokerage firm has issued a Outperform rating on the shares. The shares were previously rated Neutral. The Analysts at the ratings agency raises the price target from $42 per share to $47 per share. The rating by the firm was issued on July 27, 2016.


Coach (NYSE:COH): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.47 and $39.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.75, notching a gain of 0.19% for the day. The total traded volume was 5,847,675 . The stock had closed at $41.67 on the previous day.

Coach, Inc. (Coach) is a design house of modern luxury accessories and lifestyle collections. The Company operates through three segments: North America, which includes sales to North American consumers through Coach-branded stores (including the Internet) and sales to wholesale customers; International segment, which includes sales to consumers through Coach-branded stores (including the Internet) and concession shop-in-shops in Japan and mainland China, Coach-operated stores and concession shop-in-shops in Hong Kong, Macau, Singapore, Taiwan, Malaysia, South Korea, the United Kingdom, France, Ireland, Spain, Portugal, Germany, Italy, Belgium and the Netherlands, as well as sales to wholesale customers and distributors in approximately 45 countries, and Other segment, which consists of sales and expenses generated by the Coach brand in other ancillary channels, including licensing and disposition. Its product offerings include watches, footwear, scarves and jewelry.

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