Coty (NYSE:COTY) Now Covered by Analysts at Berenberg Bank

Analysts at Berenberg Bank started coverage on shares of Coty (NYSE:COTY) in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $7.50 price target on the stock. Berenberg Bank’s price target suggests a potential upside of 37.74% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $13.00 price target on shares of Coty in a report on Wednesday, February 12th. Evercore ISI lowered their target price on Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Piper Sandler cut their price target on Coty from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Barclays decreased their price objective on Coty from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Finally, Wells Fargo & Company cut their price objective on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Coty currently has a consensus rating of “Moderate Buy” and an average target price of $9.66.

Coty Trading Down 0.6 %

Shares of Coty stock opened at $5.45 on Tuesday. The firm has a market cap of $4.75 billion, a PE ratio of -544.50, a P/E/G 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 debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. The stock has a fifty day moving average price of $6.21 and a 200-day moving average price of $7.27.

Coty (NYSE:COTY) last posted 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 return on equity of 6.34% and a net margin of 0.22%. Equities research analysts anticipate that Coty will post 0.39 EPS for the current year.

Institutional Investors Weigh In On Coty

Several institutional investors have recently bought and sold shares of COTY. Steward Partners Investment Advisory LLC increased its stake in shares of Coty by 317.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock worth $29,000 after buying an additional 3,186 shares during the period. Allworth Financial LP increased its holdings in Coty by 145.0% during 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. increased its holdings in Coty by 124.8% during 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 raised its position in Coty by 55.3% during the 4th 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 stake in Coty in the 4th quarter worth approximately $54,000. 42.36% of the stock is currently owned by hedge funds and other 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.