Coty Inc. (NYSE:COTY) Receives $11.56 Consensus Price Target from Brokerages

Coty Inc. (NYSE:COTY) has been assigned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $11.56.

COTY has been the subject of several recent analyst reports. TD Cowen lowered Coty from a “buy” rating to a “hold” rating and dropped their target price for the company from $11.00 to $8.50 in a research report on Wednesday, November 13th. Evercore ISI reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Coty in a research report on Wednesday, August 21st. Wells Fargo & Company decreased their target price on Coty from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Canaccord Genuity Group restated a “buy” rating and issued a $14.00 price target on shares of Coty in a report on Tuesday, October 15th. Finally, DA Davidson decreased their price objective on shares of Coty from $14.50 to $12.50 and set a “buy” rating for the company in a report on Monday, November 11th.

Hedge Funds Weigh In On Coty

A number of large investors have recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its position in shares of Coty by 9.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock worth $124,000 after buying an additional 1,104 shares during the last quarter. American Century Companies Inc. grew its holdings in Coty by 10.6% in the second quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock worth $148,000 after purchasing an additional 1,414 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Coty by 3.8% during the third quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company’s stock worth $397,000 after purchasing an additional 1,545 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Coty by 330.3% during the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after purchasing an additional 2,385 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Coty by 2.3% in the 2nd quarter. Arizona State Retirement System now owns 112,773 shares of the company’s stock worth $1,130,000 after purchasing an additional 2,500 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors.

Coty Stock Performance

NYSE COTY opened at $7.41 on Friday. The business’s 50 day moving average price is $8.06 and its 200-day moving average price is $9.21. Coty has a fifty-two week low of $6.93 and a fifty-two week high of $13.30. The company has a market cap of $6.45 billion, a P/E ratio of 43.59, a P/E/G ratio of 0.75 and a beta of 1.91. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85.

Coty (NYSE:COTY) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. The company’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 EPS. Sell-side analysts predict that Coty will post 0.51 earnings per share for the current year.

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.