Coty (NYSE:COTY) Receives $3.70 Consensus Target Price from Brokerages

Coty (NYSE:COTY) has been assigned an average recommendation of “Reduce” from the seventeen research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $3.7036.

Several equities analysts recently issued reports on COTY shares. Morgan Stanley set a $2.50 target price on Coty in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft dropped their target price on Coty from $3.00 to $2.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $8.00 price target on shares of Coty in a research report on Monday, May 4th. Citigroup raised their price objective on shares of Coty from $2.50 to $2.80 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Barclays lowered their price objective on shares of Coty from $2.50 to $2.00 and set an “underweight” rating for the company in a research note on Tuesday, April 14th.

Hedge Funds Weigh In On Coty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COTY. Credit Agricole S A acquired a new position in Coty during the 3rd quarter worth $63,824,000. Norges Bank acquired a new stake in Coty in the 4th quarter valued at about $41,867,000. Two Sigma Investments LP raised its position in Coty by 793.5% in the 3rd quarter. Two Sigma Investments LP now owns 4,401,554 shares of the company’s stock valued at $17,782,000 after purchasing an additional 3,908,955 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Coty in the 2nd quarter valued at about $15,829,000. Finally, Contrarius Group Holdings Ltd purchased a new position in shares of Coty in the 4th quarter valued at about $10,135,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty Stock Down 0.2%

Shares of NYSE COTY opened at $2.60 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.82 and a debt-to-equity ratio of 0.97. The business’s 50 day moving average is $2.10 and its two-hundred day moving average is $2.42. Coty has a 52-week low of $1.82 and a 52-week high of $5.18. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of -4.20, a PEG ratio of 0.74 and a beta of 0.99.

Coty (NYSE:COTY) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.03) EPS for the quarter. Coty had a positive return on equity of 4.59% and a negative net margin of 9.20%.The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the business earned $0.01 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. Research analysts predict that Coty will post 0.22 EPS for the current 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.