Coty Inc. (NYSE:COTY)‘s stock had its “hold” rating reissued by investment analysts at Wells Fargo & Company in a report issued on Thursday. They presently have a $17.00 target price on the stock. Wells Fargo & Company’s target price suggests a potential upside of 4.23% from the company’s current price.

The analysts wrote, “We view COTY as a long-term turnaround story and given the risks ahead, we choose to be patient until we see more evidence of fundamental stabilization. We maintain our Market Perform rating.  Organic Sales Weak, but Showing Improvement – We were encouraged by continued growth in Luxury (+4%) and Professional Beauty (+1%), but Consumer Beauty remains weak (down -8%). Mgmt expects flat organic sales growth in 2H18, meaning a material positive inflection point isn’t likely until FY19 at earliest. We are lowering our 2H18 organic sales growth outlook to flat (prior +1.5%), with FY18 down -1% (prior -0.4%).””

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Coty from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. BidaskClub lowered shares of Coty from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Royal Bank Of Canada restated a “hold” rating and issued a $18.00 price objective on shares of Coty in a report on Friday, October 20th. KeyCorp restated a “hold” rating on shares of Coty in a report on Monday, October 16th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $24.00 price target on shares of Coty in a report on Thursday, October 5th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. Coty has an average rating of “Hold” and an average price target of $19.30.

Shares of Coty (NYSE:COTY) opened at $16.31 on Thursday. The firm has a market cap of $11,990.00, a P/E ratio of 21.71, a PEG ratio of 1.47 and a beta of 0.32. The company has a quick ratio of 0.66, a current ratio of 0.94 and a debt-to-equity ratio of 0.74. Coty has a 1-year low of $14.24 and a 1-year high of $20.88.

Coty (NYSE:COTY) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.03. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.24 billion. Coty had a negative net margin of 5.52% and a positive return on equity of 5.63%. The business’s quarterly revenue was up 107.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 EPS. research analysts predict that Coty will post 0.69 earnings per share for the current year.

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In related news, CEO Camillo Pane acquired 48,485 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was acquired at an average cost of $16.50 per share, for a total transaction of $800,002.50. Following the acquisition, the chief executive officer now owns 336,142 shares of the company’s stock, valued at $5,546,343. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Cosmetics B.V. Jab acquired 2,600,000 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was bought at an average price of $16.30 per share, with a total value of $42,380,000.00. Following the completion of the acquisition, the insider now directly owns 276,408,041 shares in the company, valued at approximately $4,505,451,068.30. The disclosure for this purchase can be found here. Insiders acquired a total of 2,979,505 shares of company stock valued at $48,661,242 over the last 90 days. Company insiders own 1.00% of the company’s stock.

About Coty

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.

Analyst Recommendations for Coty (NYSE:COTY)

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