Coty (NYSE:COTY) Raised to Buy at Citigroup

Coty (NYSE:COTY - Get Free Report) was upgraded by analysts at Citigroup from a "neutral" rating to a "buy" rating in a note issued to investors on Thursday, MarketBeat.com reports. The firm presently has a $8.00 price objective on the stock, up from their previous price objective of $7.00. Citigroup's target price suggests a potential upside of 44.53% from the stock's current price.

A number of other equities research analysts also recently weighed in on COTY. Canaccord Genuity Group lowered their price target on Coty from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. The Goldman Sachs Group lowered their price objective on shares of Coty from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. Barclays reduced their price objective on shares of Coty from $7.00 to $6.00 and set an "underweight" rating on the stock in a research report on Friday, January 17th. Piper Sandler decreased their target price on Coty from $9.00 to $8.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. Finally, Wells Fargo & Company decreased their target price on shares of Coty from $9.00 to $7.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Coty has an average rating of "Moderate Buy" and a consensus target price of $9.78.

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Coty Stock Down 0.4 %

NYSE COTY traded down $0.03 during trading hours on Thursday, hitting $5.54. The company's stock had a trading volume of 5,545,738 shares, compared to its average volume of 4,762,730. The company's 50-day simple moving average is $6.26 and its two-hundred day simple moving average is $7.30. The company has a market capitalization of $4.83 billion, a PE ratio of -553.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.97. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. Coty has a 52 week low of $5.35 and a 52 week high of $11.99.

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

Hedge Funds Weigh In On Coty

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC increased its position in Coty by 317.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock valued at $29,000 after acquiring an additional 3,186 shares during the period. Allworth Financial LP boosted its stake in shares of Coty by 145.0% during the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company's stock worth $42,000 after acquiring an additional 3,328 shares in the last quarter. Blue Trust Inc. grew its holdings in Coty by 124.8% in the fourth quarter. Blue Trust Inc. now owns 6,984 shares of the company's stock valued at $49,000 after purchasing an additional 3,877 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Coty by 55.3% during the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock valued at $51,000 after acquiring an additional 2,601 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of Coty during the 4th quarter worth approximately $54,000. 42.36% of the stock is owned by institutional investors and hedge funds.

Coty Company Profile

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.