Coty (COTY) Lifted to Buy at Citigroup
Coty (NYSE:COTY) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a report released on Tuesday.
A number of other brokerages also recently issued reports on COTY. BidaskClub downgraded Coty from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Stifel Nicolaus set a $25.00 price objective on Coty and gave the company a “buy” rating in a research report on Monday, August 21st. Royal Bank of Canada restated a “sector perform” rating and set a $22.00 price objective on shares of Coty in a research report on Monday, August 21st. Wells Fargo & Company set a $17.00 price target on Coty and gave the stock a “hold” rating in a report on Monday. Finally, Deutsche Bank reiterated a “buy” rating and issued a $20.00 price target (down from $22.00) on shares of Coty in a report on Wednesday, August 23rd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $19.30.
Shares of Coty (NYSE COTY) opened at $17.91 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.78. The company has a market capitalization of $13,325.95, a PE ratio of 32.33, a P/E/G ratio of 1.80 and a beta of 0.36. Coty has a 52-week low of $14.24 and a 52-week high of $20.88.
In related news, major shareholder Cosmetics B.V. Jab acquired 1,800,000 shares of Coty stock in a transaction on Monday, November 13th. The stock was acquired at an average price of $16.70 per share, for a total transaction of $30,060,000.00. Following the purchase, the insider now owns 279,608,041 shares of the company’s stock, valued at approximately $4,669,454,284.70. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Ayesha Zafar acquired 21,570 shares of Coty stock in a transaction on Wednesday, September 13th. The shares were bought at an average price of $17.11 per share, with a total value of $369,062.70. Following the purchase, the senior vice president now directly owns 10,000 shares in the company, valued at approximately $171,100. The disclosure for this purchase can be found here. Insiders have acquired a total of 10,021,570 shares of company stock worth $168,851,063 in the last ninety days. Insiders own 1.00% of the company’s stock.
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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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