Coty (NYSE:COTY) Given Consensus Recommendation of “Reduce” by Analysts

Coty (NYSE:COTY) has received an average rating of “Reduce” from the seventeen research firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $3.7036.

A number of equities research analysts have recently commented on the company. Citigroup increased their price objective on Coty from $2.50 to $2.80 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings cut Coty from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $8.00 target price on shares of Coty in a research report on Monday, May 4th. Barclays reduced their target price on Coty from $2.50 to $2.00 and set an “underweight” rating for the company in a report on Tuesday, April 14th. Finally, TD Cowen lifted their price target on Coty from $2.30 to $2.90 and gave the stock a “hold” rating in a research note on Thursday, May 7th.

Coty Stock Up 1.8%

NYSE COTY opened at $2.87 on Tuesday. Coty has a 12 month low of $1.82 and a 12 month high of $5.08. The company has a market capitalization of $2.53 billion, a P/E ratio of -4.63, a PEG ratio of 0.81 and a beta of 0.97. The company’s 50 day simple moving average is $2.31 and its 200 day simple moving average is $2.38. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.82 and a quick ratio of 0.49.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Coty by 5.8% during the fourth quarter. Vanguard Group Inc. now owns 39,903,562 shares of the company’s stock valued at $122,903,000 after acquiring an additional 2,199,420 shares during the period. BNP Paribas Financial Markets grew its position in Coty by 0.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 34,460,292 shares of the company’s stock worth $160,240,000 after purchasing an additional 267,261 shares in the last quarter. Credit Agricole S A purchased a new position in Coty during the 3rd quarter worth approximately $63,824,000. Dimensional Fund Advisors LP raised its stake in Coty by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,938,505 shares of the company’s stock valued at $42,933,000 after purchasing an additional 60,951 shares during the period. Finally, Norges Bank acquired a new stake in Coty during the 4th quarter valued at $41,867,000. 42.36% of the stock is currently owned by institutional investors and hedge funds.

About Coty

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty’s portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company’s product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.