Laurentian Bank Of Canada (TSE:LB) Had Its Target Price Decreased by 4.48% at Scotia Capital to $64.00; Coach Has 0.88 Sentiment

December 6, 2017 - By Darrin Black

Coach, Inc. provides luxury accessories and lifestyle brands. The company has market cap of $11.34 billion. It offers handbags, wallets, money pieces, wristlets and cosmetic cases, key rings, and charms,

as well as address books, time management accessories, sketchbooks, and portfolios for women; and business cases, computer bags, messenger-style bags, backpacks, totes, wallets, card cases, belts, sunglasses, watches, novelty accessories, and ready-to-wear for men. It has a 24.88 P/E ratio. The firm also provides footwear; seasonal lifestyle apparel collections, including outerwear and ready-to-wear, gloves, scarves, and hats; jewelry, such as bracelets, necklaces, rings, and earrings made with sterling silver, leather, and non-precious metals; sunglasses; watches; and fragrances comprising eau de perfume sprays, eau de toilette sprays, purse sprays, and eau de parfum body cream for women.

In a note sent to investors and clients by Scotia Capital on 6 December, Laurentian Bank Of Canada (TSE:LB) had its price target lowered to $64.00. The firm right now has “Sector Perform” rating on the stock.

The stock decreased 0.94% or $0.38 during the last trading session, reaching $39.9. About 2.97 million shares traded. Tapestry, Inc. (COH) has risen 18.95% since December 6, 2016 and is uptrending. It has outperformed by 2.25% the S&P500.

Ratings analysis reveals 50% of Coach’s analysts are positive. Out of 6 Wall Street analysts rating Coach, 3 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $42.0 while the high is $45.0. The stock’s average target of $43.50 is 9.02% above today’s ($39.9) share price. COH was included in 6 notes of analysts from September 14, 2016. The rating was maintained by RBC Capital Markets on Wednesday, February 1 with “Outperform”. The stock has “Neutral” rating by Goldman Sachs on Thursday, February 2. The rating was initiated by Guggenheim on Friday, September 30 with “Buy”. The firm has “Buy” rating given on Thursday, September 29 by CLSA. The firm has “Neutral” rating by Atlantic Securities given on Wednesday, January 25. The stock has “Underweight” rating by Morgan Stanley on Wednesday, September 14.

Indus Capital Partners Llc holds 8.08% of its portfolio in Tapestry, Inc. for 1.56 million shares. Greylin Investment Mangement Inc owns 689,715 shares or 7.53% of their US portfolio. Moreover, Sol Capital Management Co has 5.52% invested in the company for 424,519 shares. The New York-based P.R. Herzig & Co. Inc. has invested 4.46% in the stock. Poplar Forest Capital Llc, a California-based fund reported 893,866 shares.

Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada. The company has market cap of $2.15 billion. The firm offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and RRSP loans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance and leasing solutions. It has a 12.38 P/E ratio. It also provides investment products, including fixed-rate investments, indexed investments, mutual funds, systematic savings plans, retirement projection plans, registered plans, bank securities, deposit-insurance, and power-of-attorneys; short-term and long-term investment solutions; and guaranteed investment certificates, as well as offers credit insurance products.

Among 6 analysts covering Laurentian Bank Of Canada (TSE:LB), 0 have Buy rating, 0 Sell and 6 Hold. Therefore 0 are positive. Laurentian Bank Of Canada has $67 highest and $44 lowest target. $59.10’s average target is 6.87% above currents $55.3 stock price. Laurentian Bank Of Canada had 43 analyst reports since August 17, 2015 according to SRatingsIntel. TD Securities maintained Laurentian Bank of Canada (TSE:LB) on Friday, June 10 with “Hold” rating. Scotia Capital maintained Laurentian Bank of Canada (TSE:LB) on Thursday, September 1 with “Sector Perform” rating. RBC Capital Markets maintained Laurentian Bank of Canada (TSE:LB) rating on Thursday, July 21. RBC Capital Markets has “Sector Perform” rating and $52 target. Barclays Capital upgraded Laurentian Bank of Canada (TSE:LB) on Tuesday, May 23 to “Equal-Weight” rating. RBC Capital Markets maintained it with “Sector Perform” rating and $57 target in Wednesday, May 31 report. The firm earned “Sector Perform” rating on Friday, March 3 by Scotia Capital. The rating was maintained by BMO Capital Markets on Monday, May 29 with “Market Perform”. Scotia Capital maintained it with “Sector Perform” rating and $60 target in Monday, August 21 report.

Investors sentiment decreased to 1.04 in Q2 2017. Its down 0.07, from 1.11 in 2017Q1. It turned negative, as 65 investors sold Laurentian Bank of Canada shares while 134 reduced holdings. 60 funds opened positions while 146 raised stakes. 220.61 million shares or 4.22% more from 211.67 million shares in 2017Q1 were reported. Profund Advsr Ltd Liability Corporation invested 0.02% of its portfolio in Laurentian Bank of Canada (TSE:LB). Whittier Tru Of Nevada Inc holds 0% or 572 shares in its portfolio. Lincoln Natl Corp has 61,404 shares. Geode Mngmt Limited Liability Corp holds 0.05% or 2.40M shares. Balyasny Asset Management Ltd Liability Corp reported 656,619 shares. Lansdowne Prtnrs (Uk) Llp accumulated 3.01 million shares or 1.41% of the stock. Cwm Ltd holds 0% or 34 shares in its portfolio. Eaton Vance Mngmt has invested 0.01% in Laurentian Bank of Canada (TSE:LB). Bkd Wealth Advsrs Lc reported 11,272 shares. Moreover, Paragon Cap Management has 0.14% invested in Laurentian Bank of Canada (TSE:LB). Kempen Cap Mngmt Nv stated it has 2.27% of its portfolio in Laurentian Bank of Canada (TSE:LB). Moreover, Td Asset Mngmt has 0.02% invested in Laurentian Bank of Canada (TSE:LB). Rathbone Brothers Public Ltd Com holds 0.01% or 6,065 shares in its portfolio. Fifth Third Bancorp has 0% invested in Laurentian Bank of Canada (TSE:LB) for 10,285 shares. Sei Investments Company invested in 245,182 shares.


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