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

Royal Bank Of Canada reiterated their outperform rating on shares of Coty (NYSE:COTYFree Report) in a research report released on Tuesday morning,Benzinga reports. They currently have a $10.00 price target on the stock.

COTY has been the subject of several other research reports. Rothschild Redb raised shares of Coty to a “hold” rating in a research report on Tuesday, November 25th. Evercore ISI cut shares of Coty from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 23rd. Rothschild & Co Redburn initiated coverage on Coty in a report on Tuesday, November 25th. They issued a “neutral” rating and a $3.60 price target for the company. Santander cut Coty to a “neutral” rating in a research note on Tuesday, December 23rd. Finally, TD Cowen lowered their target price on Coty from $3.50 to $3.40 and set a “hold” rating for the company in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $5.20.

Read Our Latest Analysis on COTY

Coty Price Performance

Shares of Coty stock opened at $3.16 on Tuesday. The business’s fifty day moving average price is $3.21 and its 200 day moving average price is $3.86. Coty has a twelve month low of $2.94 and a twelve month high of $7.10. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $2.76 billion, a P/E ratio of -6.86, a PEG ratio of 0.23 and a beta of 0.95.

Coty (NYSE:COTYGet Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.03). Coty had a positive return on equity of 4.74% and a negative net margin of 6.60%.The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the business earned $0.15 earnings per share. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, research analysts anticipate that Coty will post 0.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of COTY. Royal Bank of Canada increased its holdings in Coty by 8.2% during the 1st quarter. Royal Bank of Canada now owns 128,451 shares of the company’s stock worth $702,000 after purchasing an additional 9,700 shares during the last quarter. United Services Automobile Association bought a new stake in shares of Coty in the first quarter worth $131,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Coty by 7.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,298,221 shares of the company’s stock worth $7,101,000 after buying an additional 86,534 shares during the last quarter. Focus Partners Wealth acquired a new stake in Coty in the first quarter valued at $73,000. Finally, KLP Kapitalforvaltning AS boosted its stake in Coty by 13.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 90,800 shares of the company’s stock valued at $422,000 after acquiring an additional 10,600 shares during the last quarter. Hedge funds and other institutional investors own 42.36% of the company’s stock.

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Coty Company Profile

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Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty’s portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company’s product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.

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