Coty Inc. (NYSE:COTY) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Coty Inc. (NYSE:COTY - Get Free Report) have earned an average rating of "Moderate Buy" from the sixteen brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $11.56.

Several research firms have recently issued reports on COTY. Royal Bank of Canada reissued an "outperform" rating and issued a $14.00 price target on shares of Coty in a research report on Tuesday, October 15th. JPMorgan Chase & Co. cut their price target on Coty from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Tuesday, October 15th. Citigroup decreased their price objective on Coty from $10.50 to $10.00 and set a "neutral" rating on the stock in a research note on Monday, October 14th. Canaccord Genuity Group restated a "buy" rating and issued a $14.00 target price on shares of Coty in a research note on Tuesday, October 15th. Finally, Raymond James reduced their target price on Coty from $13.00 to $11.00 and set an "outperform" rating for the company in a report on Friday, November 8th.

Hedge Funds Weigh In On Coty

A number of hedge funds and other institutional investors have recently modified their holdings of the company. M&G Plc boosted its position in Coty by 41.4% during the second quarter. M&G Plc now owns 509,694 shares of the company's stock valued at $5,097,000 after buying an additional 149,351 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Coty by 733.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company's stock valued at $19,038,000 after acquiring an additional 1,671,897 shares during the period. Compass Wealth Management LLC boosted its holdings in Coty by 12.6% during the 3rd quarter. Compass Wealth Management LLC now owns 590,725 shares of the company's stock valued at $5,547,000 after acquiring an additional 65,900 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Coty during the 3rd quarter worth approximately $3,681,000. Finally, Thrivent Financial for Lutherans increased its stake in Coty by 11.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company's stock worth $60,566,000 after purchasing an additional 656,952 shares during the period. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Coty Stock Performance

COTY traded up $0.13 during trading on Friday, hitting $7.32. 4,849,687 shares of the company traded hands, compared to its average volume of 5,997,744. The firm has a market cap of $6.37 billion, a P/E ratio of 43.06, a price-to-earnings-growth ratio of 0.71 and a beta of 1.91. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93. Coty has a one year low of $6.93 and a one year high of $13.30. The stock's fifty day moving average is $8.21 and its 200 day moving average is $9.30.

Coty (NYSE:COTY - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a return on equity of 9.16% and a net margin of 2.78%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the company posted $0.09 EPS. The firm's revenue was up 1.8% compared to the same quarter last year. As a group, equities analysts predict that Coty will post 0.51 EPS for the current fiscal year.

Coty Company Profile

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.