Coty Inc. (NYSE:COTY) Receives $11.56 Consensus Price Target from Analysts

Coty Inc. (NYSE:COTY) has received a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $11.56.

Several research firms have recently commented on COTY. Evercore ISI restated an “outperform” rating and issued a $15.00 target price on shares of Coty in a research note on Wednesday, August 21st. Stifel Nicolaus reduced their target price on shares of Coty from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Coty from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. DA Davidson reduced their target price on shares of Coty from $14.50 to $12.50 and set a “buy” rating for the company in a research note on Monday, November 11th. Finally, TD Cowen cut shares of Coty from a “buy” rating to a “hold” rating and reduced their target price for the stock from $11.00 to $8.50 in a research note on Wednesday, November 13th.

Coty Stock Down 1.7 %

Shares of NYSE:COTY opened at $7.40 on Friday. The stock has a market cap of $6.44 billion, a P/E ratio of 43.53, a P/E/G ratio of 0.73 and a beta of 1.91. The firm has a fifty day moving average price of $8.17 and a 200 day moving average price of $9.26. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. Coty has a 1-year low of $6.93 and a 1-year high of $13.30.

Coty (NYSE:COTY) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. Coty had a return on equity of 9.16% and a net margin of 2.78%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 EPS. Sell-side analysts predict that Coty will post 0.51 EPS for the current year.

Institutional Investors Weigh In On Coty

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Coty by 9.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock worth $124,000 after buying an additional 1,104 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Coty by 10.6% during the second quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock worth $148,000 after buying an additional 1,414 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Coty by 3.8% during the third quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company’s stock worth $397,000 after buying an additional 1,545 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Coty by 330.3% during the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after buying an additional 2,385 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Coty by 2.3% during the second quarter. Arizona State Retirement System now owns 112,773 shares of the company’s stock worth $1,130,000 after buying an additional 2,500 shares in the last quarter. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

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.