Coty (NYSE:COTY) Upgraded by Citigroup to Buy Rating

Citigroup upgraded shares of Coty (NYSE:COTY) from a neutral rating to a buy rating in a research report released on Thursday morning, MarketBeat reports. Citigroup currently has $8.00 target price on the stock, up from their previous target price of $7.00.

COTY has been the subject of a number of other research reports. DA Davidson reaffirmed a “buy” rating and issued a $12.50 price target on shares of Coty in a research report on Thursday, February 6th. Piper Sandler reduced 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 dropped their price objective on Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Canaccord Genuity Group dropped their price objective on Coty from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Finally, Evercore ISI dropped their price objective on Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.78.

Coty Price Performance

COTY opened at $5.56 on Thursday. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of -555.50, a PEG ratio of 0.81 and a beta of 1.97. Coty has a 1 year low of $5.35 and a 1 year high of $11.99. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. The stock has a fifty day moving average price of $6.29 and a 200 day moving average price of $7.34.

Coty (NYSE:COTY) last released its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. Analysts forecast that Coty will post 0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Coty

Large investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC grew its stake in shares of Coty by 317.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock valued at $29,000 after purchasing an additional 3,186 shares during the period. Allworth Financial LP grew its stake in shares of Coty by 145.0% in the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock valued at $42,000 after purchasing an additional 3,328 shares during the period. Blue Trust Inc. grew its stake in shares of Coty by 124.8% in the 4th 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 during the period. Quadrant Capital Group LLC boosted its holdings in shares of Coty by 55.3% in the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock worth $51,000 after acquiring an additional 2,601 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of Coty in the 4th quarter worth approximately $54,000. 42.36% of the stock is currently owned by institutional investors.

About Coty

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.