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

Shares of Coty Inc. (NYSE:COTY - Get Free Report) have received an average recommendation of "Moderate Buy" from the seventeen brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $11.41.

COTY has been the topic of a number of recent analyst reports. Raymond James cut their target price on Coty from $13.00 to $11.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. Stifel Nicolaus decreased their price objective on shares of Coty from $11.00 to $10.00 and set a "hold" rating for the company in a report on Tuesday, October 15th. Wells Fargo & Company dropped their target price on shares of Coty from $10.00 to $9.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 15th. The Goldman Sachs Group assumed coverage on shares of Coty in a research report on Friday, December 13th. They set a "neutral" rating and a $9.00 price target on the stock. Finally, Evercore ISI restated an "outperform" rating and set a $15.00 price objective on shares of Coty in a research note on Wednesday, August 21st.

Coty Stock Up 0.1 %

Shares of COTY traded up $0.01 during midday trading on Thursday, reaching $7.00. 3,494,344 shares of the company were exchanged, compared to its average volume of 4,270,044. Coty has a 1-year low of $6.93 and a 1-year high of $13.30. The stock has a 50-day moving average price of $7.59 and a 200-day moving average price of $8.90. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The company has a market cap of $6.09 billion, a price-to-earnings ratio of 41.18, a P/E/G ratio of 0.75 and a beta of 1.89.

Coty (NYSE:COTY - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a net margin of 2.78% and a return on equity of 9.16%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the business earned $0.09 EPS. The firm's revenue was up 1.8% compared to the same quarter last year. Research analysts expect that Coty will post 0.51 earnings per share for the current year.

Institutional Trading of Coty

Several hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its stake in shares of Coty by 330.3% during the third quarter. Blue Trust Inc. now owns 3,107 shares of the company's stock valued at $31,000 after acquiring an additional 2,385 shares during the period. WealthShield Partners LLC acquired a new position in shares of Coty during the 2nd quarter valued at $100,000. Virtu Financial LLC acquired a new stake in shares of Coty in the third quarter valued at $96,000. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Coty in the second quarter valued at $107,000. Finally, Capstone Investment Advisors LLC acquired a new position in Coty during the third quarter worth about $109,000. 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.