Coty (NYSE:COTY) Given Consensus Rating of “Reduce” by Analysts

Coty (NYSE:COTY) has earned a consensus recommendation of “Reduce” from the twenty-two brokerages that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $4.5111.

COTY has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Coty in a research report on Wednesday, January 21st. Royal Bank Of Canada decreased their price objective on Coty from $10.00 to $8.00 and set an “outperform” rating on the stock in a research report on Monday, February 9th. Jefferies Financial Group assumed coverage on Coty in a research report on Wednesday, January 14th. They set a “buy” rating and a $3.50 target price for the company. Rothschild & Co Redburn set a $3.60 price target on Coty in a report on Tuesday, November 25th. Finally, Santander lowered Coty to a “neutral” rating in a research report on Tuesday, December 23rd.

Institutional Trading of Coty

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Coty by 5.8% in the 4th quarter. Vanguard Group Inc. now owns 39,903,562 shares of the company’s stock worth $122,903,000 after purchasing an additional 2,199,420 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Coty by 0.8% in the second quarter. BNP Paribas Financial Markets now owns 34,460,292 shares of the company’s stock valued at $160,240,000 after buying an additional 267,261 shares during the period. Credit Agricole S A bought a new position in Coty during the third quarter worth about $63,824,000. Dimensional Fund Advisors LP increased its stake in shares of Coty by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,938,505 shares of the company’s stock valued at $42,933,000 after acquiring an additional 60,951 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Coty in the 4th quarter valued at about $41,867,000. Institutional investors own 42.36% of the company’s stock.

Coty Trading Up 0.2%

COTY stock opened at $2.51 on Tuesday. The business has a fifty day moving average price of $3.09 and a 200 day moving average price of $3.71. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.79 and a quick ratio of 0.52. Coty has a fifty-two week low of $2.44 and a fifty-two week high of $6.13. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of -4.04, a P/E/G ratio of 0.33 and a beta of 0.95.

Coty (NYSE:COTY) last announced its earnings results on Thursday, February 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). Coty had a positive return on equity of 5.38% and a negative net margin of 9.13%.The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the company posted $0.11 EPS. Coty’s revenue for the quarter was up .5% on a year-over-year basis. Analysts expect that Coty will post 0.39 EPS for the current fiscal year.

About Coty

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.