Coty Inc. (NYSE:COTY) Receives Consensus Rating of “Buy” from Analysts

Coty Inc. (NYSE:COTYGet Rating) has been given a consensus recommendation of “Buy” by the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $11.11.

COTY has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Coty from $10.00 to $8.00 in a research note on Tuesday. Zacks Investment Research upgraded shares of Coty from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Thursday, January 20th. Raymond James dropped their price objective on shares of Coty from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Monday, April 18th. Barclays dropped their price objective on shares of Coty from $10.00 to $8.00 in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Coty from $12.00 to $11.00 in a research note on Tuesday.

NYSE COTY traded up $0.27 during mid-day trading on Friday, hitting $6.58. The company’s stock had a trading volume of 10,433,202 shares, compared to its average volume of 10,108,043. Coty has a 52-week low of $6.03 and a 52-week high of $11.12. The stock’s fifty day simple moving average is $8.28 and its two-hundred day simple moving average is $9.08. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.69 and a quick ratio of 0.55. The firm has a market capitalization of $5.39 billion, a P/E ratio of 43.87 and a beta of 2.37.

Coty (NYSE:COTYGet Rating) last posted its quarterly earnings results on Monday, May 9th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. Coty had a net margin of 3.93% and a return on equity of 6.85%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. The company’s revenue was up 15.4% compared to the same quarter last year. On average, equities analysts forecast that Coty will post 0.27 earnings per share for the current fiscal year.

In other Coty news, CEO Sue Nabi bought 4,786 shares of the stock in a transaction on Thursday, March 10th. The stock was purchased at an average price of $8.00 per share, for a total transaction of $38,288.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bretten Gordon Von bought 13,514 shares of the stock in a transaction on Tuesday, March 8th. The shares were acquired at an average price of $7.40 per share, with a total value of $100,003.60. The disclosure for this purchase can be found here. Insiders have bought 37,692 shares of company stock valued at $290,907 in the last three months. Corporate insiders own 3.10% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in COTY. Moors & Cabot Inc. bought a new position in shares of Coty during the third quarter worth about $287,000. First Quadrant L P CA bought a new position in shares of Coty during the fourth quarter worth about $42,000. NN Investment Partners Holdings N.V. bought a new position in shares of Coty during the fourth quarter worth about $43,000. Amplius Wealth Advisors LLC bought a new position in shares of Coty during the fourth quarter worth about $46,000. Finally, Nisa Investment Advisors LLC bought a new position in shares of Coty during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 37.60% of the company’s stock.

Coty Company Profile (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.

Further Reading

Analyst Recommendations for Coty (NYSE:COTY)

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