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.

Coty (NYSE:COTY) last posted its earnings results on Thursday, November 9th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.24 billion. Coty had a positive return on equity of 4.26% and a negative net margin of 5.02%. The firm’s revenue for the quarter was up 107.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 earnings per share. analysts anticipate that Coty will post 0.67 EPS for the current fiscal year.

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.

Analyst Recommendations for Coty (NYSE:COTY)

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