Coty (NYSE:COTY – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.
Several other research firms have also issued reports on COTY. Jefferies Financial Group boosted their target price on Coty from $2.40 to $2.95 and gave the stock a “buy” rating in a research report on Monday, October 19th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $2.60 price target on shares of Coty in a research report on Thursday, August 20th. Citigroup increased their price target on shares of Coty from $2.80 to $3.00 and gave the company a “neutral” rating in a research report on Wednesday, October 14th. Morgan Stanley lifted their price objective on shares of Coty from $2.50 to $2.75 and gave the stock an “equal weight” rating in a research note on Tuesday, August 25th. Finally, Royal Bank Of Canada boosted their price objective on shares of Coty from $3.00 to $3.50 and gave the company a “sector perform” rating in a report on Friday. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $3.25.
Coty Stock Performance
Shares of Coty stock opened at $4.03 on Friday. The firm has a fifty day moving average of $2.94 and a two-hundred day moving average of $2.55. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.45 and a current ratio of 0.75. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of -6.19, a PEG ratio of 0.65 and a beta of 0.82. Coty has a 52 week low of $1.82 and a 52 week high of $4.10.
Coty (NYSE:COTY – Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. Coty had a positive return on equity of 7.11% and a negative net margin of 9.74%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the company earned $0.12 EPS. The firm’s revenue was down 1.4% on a year-over-year basis. As a group, equities research analysts predict that Coty will post 0.33 EPS for the current year.
Institutional Investors Weigh In On Coty
Institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its position in shares of Coty by 11.1% in the second quarter. Assenagon Asset Management S.A. now owns 6,871,724 shares of the company’s stock worth $14,843,000 after purchasing an additional 684,052 shares in the last quarter. M&G PLC boosted its holdings in Coty by 7.9% during the third quarter. M&G PLC now owns 3,675,063 shares of the company’s stock worth $9,592,000 after purchasing an additional 268,653 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Coty by 2,300.9% during the first quarter. Pacer Advisors Inc. now owns 2,953,407 shares of the company’s stock worth $5,936,000 after purchasing an additional 2,830,397 shares during the last quarter. First Trust Advisors LP boosted its holdings in Coty by 827.5% during the first quarter. First Trust Advisors LP now owns 2,018,890 shares of the company’s stock worth $4,058,000 after purchasing an additional 1,801,209 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Coty by 177.6% in the first quarter. Renaissance Technologies LLC now owns 1,311,687 shares of the company’s stock valued at $2,636,000 after purchasing an additional 839,257 shares in the last quarter. Institutional investors own 42.36% of the company’s stock.
Key Stories Impacting Coty
Here are the key news stories impacting Coty this week:
- Positive Sentiment: Fiscal Q1 adjusted earnings were $0.16 per share, ahead of the $0.12 consensus, while revenue of $1.56 billion also topped expectations. Coty said its core Prestige brands returned to growth, narrowing the overall sales decline. Coty reports narrower sales decline
- Positive Sentiment: Stronger cash flow and lower debt offered some support amid the turnaround, according to earnings coverage. Coty Q1 earnings coverage
- Neutral Sentiment: Management indicated it expects to complete its strategic review by the end of 2026; coverage also cited a $400 million Gucci deal. The outcome of the review remains uncertain. Strategic review and Gucci deal
- Negative Sentiment: Revenue still fell year over year and margins weakened, highlighting ongoing pressure despite the earnings beat. Coty Q1 sales and margins
- Negative Sentiment: RBC raised its price target to $3.50 but maintained a “sector perform” rating; that target is below the cited $4.03 share price. Another analysis characterized Coty as trading above estimated fair value, adding valuation concerns. RBC target update Coty fair value analysis
About Coty
Coty Inc is a global beauty company that develops, manufactures and markets fragrances, cosmetics, skin care and body-care products. Its portfolio includes luxury, prestige and mass-market brands, with products sold through department stores, specialty retailers, e-commerce platforms and other distribution channels.
The company’s brands have included CoverGirl, Rimmel London, Max Factor, Bourjois, Gucci Beauty, Calvin Klein, Marc Jacobs, Burberry, Hugo Boss and Chloé, among others. Coty also participates in professional beauty through hair-care and salon brands, including the Wella portfolio.
Founded in Paris in 1904 by François Coty, the company built its early reputation in fragrance before expanding into broader beauty categories and international markets.
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