Coty (NYSE:COTY) Stock Has Average Price Target of $3.21 According to Analysts

Shares of Coty (NYSE:COTY) have been assigned a consensus recommendation of “Reduce” from the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $3.21.

A number of equities analysts have recently issued reports on COTY shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.60 price target on shares of Coty in a research report on Thursday, August 20th. Royal Bank Of Canada cut Coty from an “outperform” rating to a “sector perform” rating and set a $3.00 price objective for the company. in a research report on Thursday, August 20th. Citigroup raised their price objective on Coty from $2.80 to $3.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 14th. Weiss Ratings upgraded Coty from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 16th. Finally, Morgan Stanley upped their target price on Coty from $2.50 to $2.75 and gave the company an “equal weight” rating in a research report on Tuesday, August 25th.

Coty Stock Down 0.7%

Shares of Coty stock opened at $3.33 on Friday. The firm’s 50 day moving average price is $2.84 and its 200-day moving average price is $2.54. The company has a quick ratio of 0.42, a current ratio of 0.75 and a debt-to-equity ratio of 0.96. Coty has a 52-week low of $1.82 and a 52-week high of $4.16. The company has a market cap of $2.94 billion, a P/E ratio of 16.00, a PEG ratio of 0.65 and a beta of 0.90.

Coty (NYSE:COTY) last posted its quarterly earnings data on Wednesday, August 19th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Coty had a positive return on equity of 5.68% and a negative net margin of 10.42%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm earned ($0.05) EPS. The company’s revenue was up 1.3% compared to the same quarter last year. Coty has set its Q1 2027 guidance at 0.110-0.130 EPS. On average, sell-side analysts predict that Coty will post 0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Coty

A number of large investors have recently modified their holdings of the business. Moss Adams Wealth Advisors LLC purchased a new position in shares of Coty in the 3rd quarter valued at approximately $29,000. AlphaGrep UK Ltd acquired a new stake in Coty in the 2nd quarter worth approximately $25,000. Elmwood Wealth Management Inc. acquired a new stake in Coty in the 3rd quarter worth approximately $34,000. Ground Swell Capital LLC purchased a new stake in Coty during the 1st quarter worth approximately $27,000. Finally, Vise Technologies Inc. purchased a new stake in Coty during the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

About Coty

Coty Inc is a global beauty company that develops, manufactures and markets fragrances, cosmetics, skin care and body-care products. Its portfolio includes luxury, prestige and mass-market brands, with products sold through department stores, specialty retailers, e-commerce platforms and other distribution channels.

The company’s brands have included CoverGirl, Rimmel London, Max Factor, Bourjois, Gucci Beauty, Calvin Klein, Marc Jacobs, Burberry, Hugo Boss and Chloé, among others. Coty also participates in professional beauty through hair-care and salon brands, including the Wella portfolio.

Founded in Paris in 1904 by François Coty, the company built its early reputation in fragrance before expanding into broader beauty categories and international markets.