Wall Street ratings on Coach
Coach (COH) is covered by 32 Wall Street analysts, who together rate the company a 2.0 on a scale of 1.0 (strong buy) to 5.0 (strong sell). The company received better ratings than handbag peer Michael Kors (KORS) and acquisition target Kate Spade (KATE), which received ratings of 2.9 and 2.4, respectively.
Branded apparel peers PVH Corp. (PVH), V.F. Corporation (VFC), and Ralph Lauren (RL) are rated 2.2, 2.7, and 3.1, respectively. Hanesbrands (HBI), however, has a slightly better rating of 1.9.
Of the analysts that cover Coach (COH), 78% recommend a “buy” on the stock, 25% recommend holding it, and 3% suggest selling it.
In comparison, only 12% of analysts recommend buying Michael Kors, and 85% recommend holding it.
Coach has a higher “buy” percentage than Ralph Lauren (5%), V.F. Corporation (29%), and Hanesbrands (71%).
Wall Street’s target price for Coach
The average price target by 32 analysts covering Coach (COH) stock is $50.31. Despite rising 35% year-to-date through June 3, 2017, the stock still has an upside of ~6% based on its target price.
Coach’s upside is better than the upside for apparel peers PVH Corp., Ralph Lauren, and Michael Kors, whose stock prices are expected to rise 4.0%, 1.0%, and 3.0%, respectively, over the next 12 months. However, Gap (GPS) and Hanesbrands (HBI) have better upsides of 11% and 12%, respectively.
3M Company's (MMM) debt has been on the rise since 2012. At the end of 1Q17, the company's debt was at $11.7 billion.
Verizon Communications stock (VZ) closed down 2.09% on Tuesday after the leading US mobile carrier reported mixed results for the first quarter of 2019 before the market bell yesterday.
Several European auto companies want Nokia’s (NOK) patent business subjected to an antitrust probe.
The first-quarter semiconductor earnings season has begun, and the stock market is showing bullish sentiment as investors buy ahead of earnings releases.
Netflix (NFLX) is working its way through a series of price increases in several markets, including the United States and parts of Europe.
Netflix (NFLX) is aiming to add 14.6 million paying subscribers in the first six months of 2019.
Earlier today, the second-largest US automaker, Ford Motor Company (F), announced a plan to invest $500 million in Plymouth-based automotive company Rivian.