Coty Inc. (NYSE:COTY) Given Average Recommendation of "Hold" by Analysts

Shares of Coty Inc. (NYSE:COTY - Get Free Report) have been assigned an average rating of "Hold" from the nineteen brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $8.24.

COTY has been the topic of a number of analyst reports. BNP Paribas downgraded shares of Coty from an "outperform" rating to a "neutral" rating and set a $5.65 price objective on the stock. in a research report on Friday, April 11th. Raymond James lowered shares of Coty from an "outperform" rating to a "market perform" rating in a report on Thursday, April 17th. Wells Fargo & Company reiterated a "positive" rating on shares of Coty in a report on Wednesday, April 16th. Morgan Stanley dropped their target price on Coty from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Finally, Barclays decreased their price target on Coty from $5.00 to $4.50 and set an "underweight" rating for the company in a research note on Friday, April 11th.

Coty Stock Performance

Shares of COTY stock opened at $4.82 on Wednesday. The company's 50 day moving average is $5.41 and its 200 day moving average is $6.68. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of -482.00, a PEG ratio of 0.81 and a beta of 1.75. Coty has a 52-week low of $4.56 and a 52-week high of $11.81.

Coty (NYSE:COTY - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. On average, sell-side analysts anticipate that Coty will post 0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Coty

A number of institutional investors have recently modified their holdings of COTY. Ameriprise Financial Inc. grew its holdings in Coty by 12.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company's stock worth $140,691,000 after acquiring an additional 2,175,120 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Coty by 13.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,318,685 shares of the company's stock worth $92,697,000 after purchasing an additional 1,569,315 shares during the period. Clearbridge Investments LLC increased its holdings in shares of Coty by 0.4% during the 4th quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company's stock valued at $68,379,000 after purchasing an additional 37,412 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Coty by 25.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company's stock valued at $56,354,000 after purchasing an additional 1,646,839 shares during the period. Finally, Norges Bank purchased a new stake in Coty during the fourth quarter worth $44,401,000. Hedge funds and other institutional investors own 42.36% of the company's stock.

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.

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