Brokerages Set Coty Inc. (NYSE:COTY) Target Price at $9.61

Shares of Coty Inc. (NYSE:COTY - Get Free Report) have received an average recommendation of "Moderate Buy" from the nineteen analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $9.55.

COTY has been the subject of several recent analyst reports. DA Davidson reiterated a "buy" rating and set a $12.50 price objective on shares of Coty in a research report on Thursday, February 6th. Wells Fargo & Company lowered their price objective on Coty from $7.00 to $6.00 and set an "equal weight" rating for the company in a research report on Wednesday. Piper Sandler cut their target price on Coty from $9.00 to $8.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. Evercore ISI lowered their target price on Coty from $15.00 to $10.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Finally, Stifel Nicolaus dropped their price target on Coty from $8.50 to $8.00 and set a "hold" rating on the stock in a research note on Tuesday, February 11th.

Institutional Trading of Coty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COTY. Norges Bank purchased a new position in shares of Coty during the fourth quarter valued at approximately $44,401,000. Amundi boosted its holdings in Coty by 1,990,624.9% during the 4th quarter. Amundi now owns 4,479,131 shares of the company's stock worth $30,503,000 after acquiring an additional 4,478,906 shares during the last quarter. Man Group plc bought a new stake in shares of Coty in the 4th quarter worth $28,473,000. Caisse Des Depots ET Consignations purchased a new stake in shares of Coty in the fourth quarter valued at about $19,663,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of Coty by 12.1% in the fourth quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company's stock valued at $140,691,000 after purchasing an additional 2,175,120 shares during the last quarter. 42.36% of the stock is owned by institutional investors.

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Coty Trading Up 0.8 %

COTY traded up $0.05 during midday trading on Friday, hitting $5.57. 1,068,973 shares of the company were exchanged, compared to its average volume of 6,812,594. The firm's 50 day moving average price is $6.07 and its 200-day moving average price is $7.16. Coty has a 1-year low of $5.35 and a 1-year high of $11.81. The firm has a market capitalization of $4.85 billion, a P/E ratio of -556.50, a P/E/G ratio of 0.81 and a beta of 1.97. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. As a group, equities analysts forecast 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.