Brokerages Set Coty Inc. (NYSE:COTY) PT at $22.89
Shares of Coty Inc. (NYSE:COTY) have earned a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $22.89.
A number of research analysts recently issued reports on the stock. Royal Bank Of Canada reissued a “hold” rating and set a $22.00 price target on shares of Coty in a research report on Sunday. BidaskClub cut shares of Coty from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Societe Generale started coverage on shares of Coty in a report on Monday, June 12th. They issued a “buy” rating and a $21.00 target price for the company. Jefferies Group LLC began coverage on shares of Coty in a report on Friday, June 2nd. They issued a “hold” rating and a $17.00 target price for the company. Finally, Barclays PLC set a $19.00 price target on shares of Coty and gave the stock a “hold” rating in a research note on Saturday, May 13th.
In other Coty news, insider Laurent Kleitman bought 4,400 shares of the company’s stock in a transaction on Friday, June 9th. The shares were bought at an average cost of $18.63 per share, for a total transaction of $81,972.00. Following the acquisition, the insider now directly owns 35,400 shares in the company, valued at $659,502. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Greerson Greene Mcmullen bought 14,350 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were acquired at an average price of $18.92 per share, for a total transaction of $271,502.00. Following the completion of the acquisition, the insider now owns 68,007 shares in the company, valued at $1,286,692.44. The disclosure for this purchase can be found here. In the last three months, insiders bought 188,620 shares of company stock worth $3,588,363. Insiders own 16.10% of the company’s stock.
Coty (NYSE:COTY) traded up 0.66% during midday trading on Monday, hitting $18.38. The stock had a trading volume of 3,766,793 shares. Coty has a 1-year low of $16.95 and a 1-year high of $30.13. The company’s 50 day moving average is $19.01 and its 200 day moving average is $18.71. The company’s market cap is $13.74 billion.
Coty (NYSE:COTY) last issued its quarterly earnings results on Wednesday, May 10th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. Coty had a negative net margin of 2.29% and a positive return on equity of 9.12%. The company had revenue of $2.03 million during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the company posted $0.09 EPS. Coty’s revenue was down 99.8% on a year-over-year basis. On average, equities analysts anticipate that Coty will post $0.75 earnings per share for the current fiscal year.
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Coty Company Profile
Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.
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