Coty Inc. (NYSE:COTY) Receives Consensus Recommendation of “Buy” from Analysts

Coty Inc. (NYSE:COTY) has received a consensus recommendation of “Buy” from the thirteen analysts that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $12.23.

COTY has been the subject of several recent research reports. Raymond James upgraded shares of Coty from a “market perform” rating to an “outperform” rating and set a $14.00 target price for the company in a research report on Tuesday, November 9th. Zacks Investment Research downgraded shares of Coty from a “buy” rating to a “hold” rating and set a $11.00 price target on the stock. in a report on Tuesday, December 28th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Coty from $12.00 to $13.00 and gave the company a “buy” rating in a report on Friday, November 19th. Royal Bank of Canada lifted their price target on shares of Coty from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, November 11th. Finally, Jefferies Financial Group lifted their price target on shares of Coty from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, December 14th.

In other news, Director Maria Asunicion Aramburuzabala bought 586,307 shares of the stock in a transaction on Monday, November 15th. The shares were bought at an average price of $10.90 per share, with a total value of $6,390,746.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert S. Singer sold 25,000 shares of the stock in a transaction dated Monday, December 13th. The stock was sold at an average price of $10.00, for a total value of $250,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,000 shares of company stock valued at $671,400. Corporate insiders own 3.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of COTY. Advisory Services Network LLC acquired a new stake in shares of Coty in the second quarter worth about $30,000. Centiva Capital LP acquired a new position in shares of Coty during the 3rd quarter worth about $84,000. Graham Capital Management L.P. acquired a new position in shares of Coty during the 3rd quarter worth about $88,000. World Asset Management Inc lifted its position in shares of Coty by 11.2% during the 3rd quarter. World Asset Management Inc now owns 11,378 shares of the company’s stock worth $89,000 after purchasing an additional 1,143 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of Coty during the 3rd quarter worth about $93,000. Institutional investors and hedge funds own 34.68% of the company’s stock.

Coty stock traded down $0.40 during trading hours on Friday, hitting $8.89. The stock had a trading volume of 330,969 shares, compared to its average volume of 5,709,820. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $7.28 billion, a P/E ratio of -17.54 and a beta of 2.52. Coty has a 12-month low of $6.20 and a 12-month high of $11.12. The stock’s 50-day moving average price is $10.15 and its 200-day moving average price is $9.06.

Coty (NYSE:COTY) last announced its quarterly earnings results on Sunday, November 7th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Coty had a negative net margin of 7.75% and a positive return on equity of 4.16%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the business posted $0.11 earnings per share. The business’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, research analysts expect that Coty will post 0.23 EPS for the current fiscal year.

Coty Company Profile

Coty, Inc engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Americas, EMEA, and Asia Pacific. The segments Americas, EMEA, and Asia Pacific focuses on prestige fragrances, prestige skin care, prestige cosmetics, mass color cosmetics, mass fragrance, mass skin care and body care.

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Analyst Recommendations for Coty (NYSE:COTY)

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