Analyst Update: Coach, Inogen, and Yandex N.V.

Analysts adjusted their ratings on Coach Inc (COH), Inogen Inc (INGN), and Yandex NV (YNDX)

Apr 16, 2015 at 11:19 AM
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Analysts are weighing in today on fashion accessories maker Coach Inc (NYSE:COH), medical technology firm Inogen Inc (NASDAQ:INGN), and European Internet provider Yandex NV (NASDAQ:YNDX). Here's a quick look at today's brokerage notes on COH, INGN, and YNDX.

  • The shares of COH are 3.3% higher today at $43.14, after Barclays upgraded the stock to "overweight" from "equal weight" while lifting its price target to $50 from $38. On the charts, Coach Inc has been blazing a steady trail higher, with the shares up over 31% since hitting a five-year low of $32.72 on Nov. 5. Despite this rally, options traders have been skeptical of the equity. Over the past 10 days at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), 3.21 COH puts have been bought to open for every call, which is a higher ratio than 98% of all similar readings taken over the past year. Meanwhile, 71% of covering analysts rate the shares a "hold" or worse, and COH's consensus 12-month price target of $40.86 sits below current trading levels.

  • Needham reinstated INGN with a "strong buy" rating and a $45 price target -- in uncharted waters. After notching a record high of $40.60 out of the gate, INGN has pared its lead to 2.6% to sit at $36.26. Positive price action is nothing new for Inogen Inc, as the shares have advanced over 130% year-over-year. Accordingly, the brokerage bunch is unanimously bullish on the stock, as all five covering analysts rate it a "strong buy." However, INGN's average 12-month price target of $38.50 is a chip-shot away from current levels (and below today's record high).

  • Citigroup raised its price target on YNDX to $22 from $18, sending the shares 1.2% higher to $20.66. Technically speaking, Yandex NV has trended upward over the last month, with the shares up 48.6% from their March 11 all-time low of $13.90. Looking to the options pits, traders have favored calls over puts lately, as YNDX's 50-day ISE/CBOE/PHLX call/put volume ratio of 4.71 stands in the 85th percentile of its annual range. Mirroring this indicator is the security's Schaeffer's put/call open interest ratio (SOIR) of 0.48, which is lower than 80% of all similar readings taken over the past year. Simply stated, short-term traders have rarely been this call-heavy on YNDX.
 

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