StockNews.com Upgrades Coty (NYSE:COTY) to “Buy”

Coty (NYSE:COTY – Get Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

COTY has been the topic of several other research reports. JPMorgan Chase & Co. increased their target price on shares of Coty from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Monday, February 13th. Wells Fargo & Company raised their price objective on shares of Coty from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 22nd. Barclays boosted their price target on shares of Coty from $11.00 to $12.00 in a research report on Thursday. Deutsche Bank Aktiengesellschaft increased their price target on shares of Coty from $12.00 to $13.00 in a research note on Tuesday, May 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $13.00 price target on shares of Coty in a report on Thursday, February 9th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.44.

Coty Stock Performance

NYSE COTY opened at $11.23 on Thursday. The company’s 50 day simple moving average is $11.68 and its two-hundred day simple moving average is $9.84. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.65 and a quick ratio of 0.41. The stock has a market capitalization of $9.57 billion, a PE ratio of 80.21, a P/E/G ratio of 2.23 and a beta of 1.85. Coty has a 1 year low of $5.90 and a 1 year high of $12.64.

Coty (NYSE:COTY – Get Rating) last issued its quarterly earnings results on Tuesday, May 9th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.16. Coty had a net margin of 2.51% and a return on equity of 8.83%. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the company posted $0.03 EPS. Coty’s revenue was up 8.7% on a year-over-year basis. Analysts predict that Coty will post 0.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coty

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Compagnie Lombard Odier SCmA grew its position in Coty by 72.0% in the first quarter. Compagnie Lombard Odier SCmA now owns 2,389 shares of the company’s stock worth $29,000 after acquiring an additional 1,000 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Coty by 165.1% during the fourth quarter. Quadrant Capital Group LLC now owns 4,541 shares of the company’s stock valued at $39,000 after purchasing an additional 2,828 shares in the last quarter. CWM LLC increased its stake in shares of Coty by 197.8% during the fourth quarter. CWM LLC now owns 4,681 shares of the company’s stock valued at $40,000 after purchasing an additional 3,109 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of Coty during the first quarter valued at approximately $67,000. Finally, Lazard Asset Management LLC grew its holdings in shares of Coty by 335.5% during the third quarter. Lazard Asset Management LLC now owns 10,840 shares of the company’s stock valued at $68,000 after buying an additional 8,351 shares during the last quarter. Hedge funds and other institutional investors own 37.10% of the company’s stock.

Coty Company Profile

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Coty, Inc engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Americas, EMEA, and Asia Pacific. The segments Americas, EMEA, and Asia Pacific focus on prestige fragrances, prestige skin care, prestige cosmetics, mass color cosmetics, mass fragrance, mass skin care and body care.