Coty (NYSE:COTY) Upgraded at StockNews.com

Coty (NYSE:COTYGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Saturday.

COTY has been the topic of a number of other research reports. Raymond James reduced their price target on shares of Coty from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Monday, April 18th. JPMorgan Chase & Co. reduced their target price on Coty from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, March 30th. Morgan Stanley increased their target price on Coty from $8.25 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 18th. Zacks Investment Research raised Coty from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Thursday, January 20th. Finally, DA Davidson raised Coty from a “neutral” rating to a “buy” rating in a report on Friday, January 21st. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Coty has a consensus rating of “Buy” and an average price target of $12.41.

Shares of COTY stock opened at $8.11 on Friday. Coty has a 12 month low of $7.24 and a 12 month high of $11.12. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.75 and a quick ratio of 0.55. The firm has a market capitalization of $6.64 billion, a P/E ratio of 115.86 and a beta of 2.47. The company’s fifty day moving average price is $8.61 and its two-hundred day moving average price is $9.14.

Coty (NYSE:COTYGet Rating) last issued its quarterly earnings data on Tuesday, February 8th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. Coty had a net margin of 2.69% and a return on equity of 6.43%. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the previous year, the business posted $0.17 EPS. The firm’s revenue was up 11.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Coty will post 0.26 EPS for the current year.

In other Coty news, insider Bretten Gordon Von bought 12,392 shares of the business’s stock in a transaction on Thursday, March 10th. The shares were purchased at an average price of $7.87 per share, with a total value of $97,525.04. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Beatrice Ballini bought 7,000 shares of the business’s stock in a transaction on Thursday, March 10th. The shares were acquired at an average cost of $7.87 per share, for a total transaction of $55,090.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 37,692 shares of company stock worth $290,907. Company insiders own 3.10% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. World Asset Management Inc increased its position in shares of Coty by 11.2% during the 3rd quarter. World Asset Management Inc now owns 11,378 shares of the company’s stock valued at $89,000 after purchasing an additional 1,143 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Coty by 6.5% in the 4th quarter. CIBC Asset Management Inc now owns 32,691 shares of the company’s stock worth $343,000 after acquiring an additional 1,996 shares during the last quarter. Utah Retirement Systems grew its holdings in shares of Coty by 16.6% in the 3rd quarter. Utah Retirement Systems now owns 17,600 shares of the company’s stock worth $138,000 after acquiring an additional 2,500 shares during the last quarter. Moors & Cabot Inc. acquired a new position in shares of Coty in the 3rd quarter worth $287,000. Finally, Comerica Bank grew its holdings in shares of Coty by 1.8% in the 1st quarter. Comerica Bank now owns 157,833 shares of the company’s stock worth $1,359,000 after acquiring an additional 2,809 shares during the last quarter. Institutional investors own 34.68% of the company’s stock.

About Coty (Get Rating)

Coty Inc, together with its subsidiaries, engages in the manufacture, marketing, distribution, and sale of beauty products worldwide. The company provides prestige fragrances, skin care, and color cosmetics products through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Alexander McQueen, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Nikos, philosophy, Kim Kardashian West, and Tiffany & Co brands.

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Analyst Recommendations for Coty (NYSE:COTY)

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