Royal Bank of Canada Reaffirms Outperform Rating for Coty (NYSE:COTY)

Coty (NYSE:COTY - Get Free Report)'s stock had its "outperform" rating reiterated by investment analysts at Royal Bank of Canada in a research report issued on Wednesday,Benzinga reports. They currently have a $13.00 price objective on the stock. Royal Bank of Canada's price objective points to a potential upside of 132.77% from the stock's current price.

A number of other equities research analysts have also issued reports on COTY. 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. Evercore ISI decreased their target price on shares of Coty from $15.00 to $10.00 and set an "outperform" rating for the company in a research note on Wednesday. TD Cowen downgraded shares of Coty from a "buy" rating to a "hold" rating and dropped their price target for the stock from $11.00 to $8.50 in a research note on Wednesday, November 13th. JPMorgan Chase & Co. dropped their target price on Coty from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 15th. Finally, Morgan Stanley dropped their price objective on Coty from $9.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, Coty currently has an average rating of "Moderate Buy" and a consensus target price of $10.17.

Coty Stock Down 2.9 %

COTY traded down $0.17 during trading hours on Wednesday, reaching $5.59. 8,361,467 shares of the stock traded hands, compared to its average volume of 5,098,250. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. The firm's fifty day simple moving average is $7.01 and its two-hundred day simple moving average is $8.01. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 0.72 and a beta of 1.89. Coty has a fifty-two week low of $5.55 and a fifty-two week high of $13.30.

Coty (NYSE:COTY - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 9.16% and a net margin of 2.78%. As a group, analysts forecast that Coty will post 0.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. State Street Corp grew its position in Coty by 2.3% during the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company's stock worth $103,696,000 after acquiring an additional 251,964 shares during the last quarter. Barclays PLC raised its stake in Coty by 147.1% during the 3rd quarter. Barclays PLC now owns 1,165,806 shares of the company's stock worth $10,947,000 after buying an additional 693,961 shares during the period. JPMorgan Chase & Co. raised its holdings in Coty by 16.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company's stock worth $6,981,000 after buying an additional 107,014 shares during the period. Compass Wealth Management LLC raised its stake in shares of Coty by 12.6% in the 3rd quarter. Compass Wealth Management LLC now owns 590,725 shares of the company's stock valued at $5,547,000 after purchasing an additional 65,900 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Coty during the 3rd quarter worth approximately $3,681,000. Institutional investors and hedge funds own 42.36% of the company's stock.

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.