Coty Inc. (NYSE:COTY) Receives $7.80 Consensus Price Target from Analysts

Shares of Coty Inc. (NYSE:COTY) have received a consensus rating of “Hold” from the nineteen research firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $7.80.

A number of equities research analysts have weighed in on COTY shares. Royal Bank of Canada decreased their price target on shares of Coty from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, May 8th. Barclays reduced their target price on shares of Coty from $5.00 to $4.50 and set an “underweight” rating on the stock in a research note on Friday, April 11th. Raymond James downgraded shares of Coty from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 17th. Bank of America downgraded shares of Coty from a “buy” rating to an “underperform” rating and reduced their target price for the company from $9.00 to $4.50 in a research note on Tuesday, April 15th. Finally, Morgan Stanley reduced their target price on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th.

Coty Stock Up 1.6%

COTY opened at $4.94 on Friday. Coty has a fifty-two week low of $4.46 and a fifty-two week high of $10.80. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. The firm’s fifty day moving average price is $5.11 and its two-hundred day moving average price is $6.22. The company has a market capitalization of $4.31 billion, a P/E ratio of -494.00, a P/E/G ratio of 0.81 and a beta of 1.90.

Coty (NYSE:COTY) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Coty had a return on equity of 6.34% and a net margin of 0.22%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the firm earned $0.05 EPS. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. On average, analysts anticipate that Coty will post 0.39 EPS for the current year.

Institutional Trading of Coty

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its holdings in Coty by 317.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock worth $29,000 after purchasing an additional 3,186 shares during the last quarter. GAMMA Investing LLC raised its holdings in Coty by 140.2% during the 1st quarter. GAMMA Investing LLC now owns 5,506 shares of the company’s stock worth $30,000 after purchasing an additional 3,214 shares during the last quarter. Allworth Financial LP raised its holdings in Coty by 145.0% during the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after purchasing an additional 3,328 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Coty by 124.8% in the 4th quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock valued at $49,000 after acquiring an additional 3,877 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Coty by 1,006.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 7,304 shares of the company’s stock valued at $40,000 after acquiring an additional 6,644 shares during the last quarter. 42.36% of the stock is owned by institutional investors.

About Coty

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.