Coty (NYSE:COTY) Given Outperform Rating at Royal Bank Of Canada

Royal Bank Of Canada reiterated their outperform rating on shares of Coty (NYSE:COTY) in a research note released on Monday morning,Benzinga reports. The brokerage currently has a $12.00 price objective on the stock.

Several other research firms have also recently weighed in on COTY. JPMorgan Chase & Co. dropped their price target on shares of Coty from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. The Goldman Sachs Group dropped their price target on shares of Coty from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Canaccord Genuity Group reissued a “hold” rating and issued a $5.00 price target (down previously from $8.00) on shares of Coty in a research note on Thursday, May 8th. Finally, Citigroup lowered their price objective on shares of Coty from $8.00 to $6.50 and set a “buy” rating for the company in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $7.80.

Coty Stock Performance

Coty stock opened at $4.98 on Monday. The firm has a 50 day simple moving average of $4.91 and a 200-day simple moving average of $5.20. Coty has a 1-year low of $4.46 and a 1-year high of $10.30. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.82 and a quick ratio of 0.51. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of -10.38, a price-to-earnings-growth ratio of 0.68 and a beta of 2.00.

Hedge Funds Weigh In On Coty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC increased its position in shares of Coty by 16.6% in the 2nd quarter. Corient Private Wealth LLC now owns 16,062 shares of the company’s stock valued at $75,000 after purchasing an additional 2,286 shares during the last quarter. Impact Capital Partners LLC lifted its position in shares of Coty by 21.1% during the 2nd quarter. Impact Capital Partners LLC now owns 13,486 shares of the company’s stock worth $63,000 after purchasing an additional 2,346 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of Coty by 4.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 59,580 shares of the company’s stock worth $277,000 after purchasing an additional 2,360 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of Coty by 23.9% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 12,436 shares of the company’s stock worth $58,000 after purchasing an additional 2,398 shares during the last quarter. Finally, Comerica Bank lifted its position in shares of Coty by 1.6% during the 1st quarter. Comerica Bank now owns 162,693 shares of the company’s stock worth $890,000 after purchasing an additional 2,639 shares during the last quarter. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty Company Profile

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.