Coach (COH) stock is expected to deviate a maximum of $5.28 from the average target price of $44.8 for the short term period. 15 Street Experts have initiated coverage on the stock with the most promising target being $53 and the most muted being $32.
Coach (COH) : 20 analysts are covering Coach (COH) and their average rating on the stock is 1.7, 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. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Major Brokerage house, Bank of America upgrades its ratings on Coach (NYSE:COH). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on August 10, 2016.
Coach (NYSE:COH): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.10 and $38.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.39, notching a gain of 0.55% for the day. The total traded volume was 2,441,239 . The stock had closed at $38.18 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.