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

Coty (NYSE:COTYGet Free Report) has received a consensus rating of “Reduce” from the twenty-one analysts that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $4.1882.

Several brokerages have recently issued reports on COTY. Canaccord Genuity Group set a $2.50 price target on shares of Coty in a research note on Monday, February 9th. Barclays decreased their price target on shares of Coty from $3.00 to $2.50 and set an “underweight” rating for the company in a research note on Monday, February 9th. Jefferies Financial Group began coverage on shares of Coty in a research note on Wednesday, January 14th. They set a “buy” rating and a $3.50 price target for the company. Santander lowered shares of Coty to a “neutral” rating in a research note on Tuesday, December 23rd. Finally, Royal Bank Of Canada cut their target price on shares of Coty from $10.00 to $8.00 and set an “outperform” rating for the company in a research report on Monday, February 9th.

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Coty Stock Down 2.5%

Coty stock opened at $2.11 on Wednesday. The firm has a 50 day moving average price of $2.46 and a 200-day moving average price of $3.17. The company has a quick ratio of 0.52, a current ratio of 0.79 and a debt-to-equity ratio of 0.81. Coty has a twelve month low of $1.95 and a twelve month high of $5.42. The company has a market capitalization of $1.85 billion, a P/E ratio of -3.40, a P/E/G ratio of 0.38 and a beta of 0.98.

Coty (NYSE:COTYGet Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.14 earnings per share (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 company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the business earned $0.11 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. As a group, equities analysts predict that Coty will post 0.39 EPS for the current year.

Insiders Place Their Bets

In other Coty news, insider Bretten Gordon Von bought 83,000 shares of the business’s stock in a transaction on Friday, March 6th. The stock was purchased at an average price of $2.41 per share, for a total transaction of $200,030.00. Following the completion of the transaction, the insider directly owned 986,620 shares of the company’s stock, valued at $2,377,754.20. This trade represents a 9.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Coty

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. bought a new position in Coty during the fourth quarter worth about $32,000. Cornerstone Wealth Management LLC bought a new position in Coty during the fourth quarter worth about $37,000. North Dakota State Investment Board bought a new position in Coty during the fourth quarter worth about $37,000. Vise Technologies Inc. bought a new position in Coty during the fourth quarter worth about $39,000. Finally, Corient Private Wealth LLC bought a new position in Coty during the fourth quarter worth about $39,000. Institutional investors own 42.36% of the company’s stock.

About Coty

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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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Analyst Recommendations for Coty (NYSE:COTY)

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