Brokerages Set Coty Inc. (NYSE:COTY) Price Target at $9.89

Coty Inc. (NYSE:COTY - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eighteen analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $9.89.

Several equities analysts recently issued reports on COTY shares. Barclays dropped their price target on Coty from $7.00 to $6.00 and set an "underweight" rating on the stock in a research report on Friday, January 17th. Canaccord Genuity Group dropped their target price on Coty from $10.00 to $8.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Evercore ISI decreased their price target on Coty from $15.00 to $10.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. TD Cowen lowered shares of Coty from a "buy" rating to a "hold" rating and lowered their price objective for the company from $11.00 to $8.50 in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group cut their price objective on shares of Coty from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Wednesday, February 12th.

Institutional Trading of Coty

Several large investors have recently bought and sold shares of COTY. Raymond James & Associates boosted its position in shares of Coty by 13.2% in the 3rd quarter. Raymond James & Associates now owns 348,560 shares of the company's stock worth $3,273,000 after buying an additional 40,572 shares in the last quarter. State of Alaska Department of Revenue raised its position in Coty by 3.8% during the third quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company's stock worth $397,000 after acquiring an additional 1,545 shares during the last quarter. M&G PLC lifted its holdings in shares of Coty by 4.7% in the third quarter. M&G PLC now owns 533,731 shares of the company's stock valued at $4,804,000 after purchasing an additional 24,037 shares in the last quarter. Atria Investments Inc grew its position in shares of Coty by 19.3% in the third quarter. Atria Investments Inc now owns 18,650 shares of the company's stock valued at $175,000 after purchasing an additional 3,022 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Coty by 12.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 205,339 shares of the company's stock worth $1,928,000 after purchasing an additional 23,358 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company's stock.

Remove Ads

Coty Stock Performance

Shares of COTY traded up $0.10 during midday trading on Tuesday, reaching $5.86. 4,933,904 shares of the stock were exchanged, compared to its average volume of 4,618,351. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of -585.50, a PEG ratio of 0.81 and a beta of 1.89. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. Coty has a twelve month low of $5.35 and a twelve month high of $12.99. The business's 50-day moving average price is $6.56 and its 200 day moving average price is $7.66.

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

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.