Coty Inc. (NYSE:COTY) Receives Average Recommendation of "Moderate Buy" from Brokerages

Coty Inc. (NYSE:COTY - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seventeen ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $11.29.

A number of equities research analysts recently weighed in on COTY shares. Citigroup reduced their price target on shares of Coty from $10.50 to $10.00 and set a "neutral" rating for the company in a research report on Monday, October 14th. TD Cowen cut Coty from a "buy" rating to a "hold" rating and decreased their target price for the company from $11.00 to $8.50 in a research report on Wednesday, November 13th. DA Davidson reaffirmed a "buy" rating and set a $12.50 price target on shares of Coty in a research report on Wednesday, December 18th. Barclays downgraded Coty from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $8.00 to $7.00 in a report on Thursday, November 7th. Finally, Stifel Nicolaus cut their target price on shares of Coty from $11.00 to $10.00 and set a "hold" rating on the stock in a report on Tuesday, October 15th.

Coty Trading Up 1.0 %

NYSE:COTY traded up $0.07 during trading hours on Monday, reaching $6.74. 2,000,725 shares of the stock were exchanged, compared to its average volume of 4,780,631. Coty has a twelve month low of $6.59 and a twelve month high of $13.30. The business has a 50-day moving average of $7.25 and a two-hundred day moving average of $8.52. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 39.65, a PEG ratio of 0.75 and a beta of 1.89. 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 (NYSE:COTY - Get Free Report) last announced its 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 business had revenue of $1.67 billion for the quarter, compared to analysts' expectations of $1.67 billion. During the same period in the previous year, the company earned $0.09 earnings per share. Coty's quarterly revenue was up 1.8% on a year-over-year basis. On average, equities analysts predict that Coty will post 0.51 EPS for the current year.

Institutional Trading of Coty

A number of hedge funds have recently bought and sold shares of COTY. Blue Trust Inc. lifted its holdings in shares of Coty by 330.3% during the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company's stock worth $31,000 after acquiring an additional 2,385 shares during the period. Virtu Financial LLC acquired a new position in Coty during the third quarter worth approximately $96,000. Capstone Investment Advisors LLC purchased a new position in Coty during the third quarter worth approximately $109,000. Quadrature Capital Ltd acquired a new position in shares of Coty in the 3rd quarter valued at $124,000. Finally, American Century Companies Inc. grew its stake in shares of Coty by 10.6% during the 2nd quarter. American Century Companies Inc. now owns 14,746 shares of the company's stock valued at $148,000 after buying an additional 1,414 shares during the period. Institutional investors and hedge funds 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.