Coty Inc. (COTY) Lifted to Sell at BidaskClub
Coty Inc. (NYSE:COTY) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Thursday, July 27th.
A number of other analysts have also commented on the stock. Zacks Investment Research upgraded shares of Coty from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. BMO Capital Markets restated a “buy” rating and set a $24.00 price target on shares of Coty in a research note on Tuesday, April 4th. Societe Generale initiated coverage on shares of Coty in a research note on Monday, June 12th. They set a “buy” rating and a $21.00 price target for the company. Jefferies Group LLC initiated coverage on shares of Coty in a research note on Friday, June 2nd. They set a “hold” rating and a $17.00 price target for the company. Finally, Royal Bank Of Canada restated a “hold” rating and set a $22.00 price target on shares of Coty in a research note on Thursday, June 8th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $23.17.
Shares of Coty (NYSE COTY) opened at 19.71 on Thursday. The stock’s 50 day moving average is $19.06 and its 200 day moving average is $18.76. Coty has a 12 month low of $16.95 and a 12 month high of $30.13. The company’s market cap is $14.74 billion.
Coty (NYSE:COTY) last announced its quarterly earnings results on Wednesday, May 10th. The company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04. The business had revenue of $2.03 million during the quarter, compared to analyst estimates of $1.94 billion. Coty had a negative net margin of 2.29% and a positive return on equity of 9.12%. Coty’s quarterly revenue was down 99.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 EPS. On average, analysts anticipate that Coty will post $0.75 EPS for the current fiscal year.
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In other Coty news, insider Edgar O. Huber acquired 79,570 shares of the company’s stock in a transaction on Friday, May 26th. The shares were acquired at an average cost of $19.05 per share, with a total value of $1,515,808.50. Following the completion of the acquisition, the insider now directly owns 79,570 shares in the company, valued at $1,515,808.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Greerson Greene Mcmullen acquired 14,350 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were acquired at an average cost 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 of the company’s stock, valued at $1,286,692.44. The disclosure for this purchase can be found here. Insiders purchased a total of 188,620 shares of company stock worth $3,588,363 over the last three months. 16.10% of the stock is owned by insiders.
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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