Analysts Set Coty Inc. (NYSE:COTY) Target Price at $9.61

Shares of Coty Inc. (NYSE:COTY) have been given an average rating of “Moderate Buy” by the nineteen brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $9.55.

COTY has been the subject of a number of recent analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $12.50 price objective on shares of Coty in a research report on Thursday, February 6th. Piper Sandler decreased their price target on Coty from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Wells Fargo & Company cut their price objective on Coty from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Berenberg Bank initiated coverage on Coty in a research report on Tuesday, March 25th. They set a “buy” rating and a $7.50 target price for the company. Finally, Canaccord Genuity Group cut their price target on shares of Coty from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th.

Coty Stock Up 2.2 %

Shares of NYSE:COTY opened at $5.64 on Friday. The business’s 50 day moving average is $6.04 and its 200 day moving average is $7.15. Coty has a 12-month low of $5.35 and a 12-month high of $11.81. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of -564.00, a PEG ratio of 0.81 and a beta of 1.97. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY) last issued 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%. On average, sell-side analysts forecast that Coty will post 0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coty

Several hedge funds have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC increased its stake in Coty by 317.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock worth $29,000 after acquiring an additional 3,186 shares during the last quarter. Allworth Financial LP increased its position in shares of Coty by 145.0% in the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after purchasing an additional 3,328 shares during the last quarter. Blue Trust Inc. raised its stake 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 in the last quarter. Quadrant Capital Group LLC lifted its position in Coty by 55.3% during the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock valued at $51,000 after purchasing an additional 2,601 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Coty in the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors 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.