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

Coty (NYSE:COTY) has received a consensus recommendation of “Reduce” from the seventeen brokerages that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $3.7036.

A number of research analysts have recently commented on the stock. Weiss Ratings lowered shares of Coty from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft lowered their price objective on Coty from $3.00 to $2.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Morgan Stanley set a $2.50 target price on Coty in a research report on Thursday, May 7th. Barclays reduced their target price on Coty from $2.50 to $2.00 and set an “underweight” rating for the company in a research report on Tuesday, April 14th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $8.00 price target on shares of Coty in a report on Monday, May 4th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its position in Coty by 8.2% during the first quarter. Royal Bank of Canada now owns 128,451 shares of the company’s stock valued at $702,000 after purchasing an additional 9,700 shares during the last quarter. United Services Automobile Association bought a new position in shares of Coty in the 1st quarter worth $131,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Coty by 7.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,298,221 shares of the company’s stock worth $7,101,000 after buying an additional 86,534 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of Coty during the 1st quarter valued at $73,000. Finally, Prudential Financial Inc. raised its position in shares of Coty by 17.1% during the 2nd quarter. Prudential Financial Inc. now owns 39,844 shares of the company’s stock valued at $185,000 after buying an additional 5,810 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors.

Coty Price Performance

COTY stock opened at $2.50 on Friday. The firm has a 50 day moving average of $2.09 and a 200-day moving average of $2.42. The firm has a market capitalization of $2.21 billion, a P/E ratio of -4.04, a price-to-earnings-growth ratio of 0.67 and a beta of 0.99. Coty has a 12 month low of $1.82 and a 12 month high of $5.18. The company has a current ratio of 0.82, a quick ratio of 0.49 and a debt-to-equity ratio of 0.97.

Coty (NYSE:COTY) last posted its earnings results on Tuesday, May 5th. The company reported ($0.03) earnings per share for the quarter. Coty had a positive return on equity of 4.59% and a negative net margin of 9.20%.The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the company posted $0.01 EPS. The business’s revenue was down 1.3% on a year-over-year basis. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. As a group, sell-side analysts predict that Coty will post 0.22 earnings per share for the current fiscal year.

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.