Coach (COH) : 20 analysts are covering Coach (COH) and their average rating on the stock is 1.8, which is read as a Buy. 13 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Coach (COH) : 15 Wall Street analysts covering Coach (COH) believe that the average level the stock could reach for the short term is $44.8. The maximum price target given is $53 and the minimum target for short term is around $32, hence the standard deviation is calculated at $5.28.
Also, Equity analysts at the Brokerage firm Bank of America upgrades its rating on Coach (NYSE:COH). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. The rating by the firm was issued on August 10, 2016.
Coach (NYSE:COH): After opening at $35.45, the stock dipped to an intraday low of $35.333 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $35.88 and the buying power remained strong till the end. The stock closed at $35.87 for the day, a gain of 1.13% for the day session. The total traded volume was 4,268,526. The stocks close on the previous trading day was $35.47.
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.