Coty Inc. (NYSE:COTY) Receives $11.41 Average Target Price from Analysts

Shares of Coty Inc. (NYSE:COTY) have been given an average rating of “Moderate Buy” by the seventeen brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $11.41.

COTY has been the subject of a number of research reports. TD Cowen cut Coty from a “buy” rating to a “hold” rating and dropped their price objective for the company from $11.00 to $8.50 in a research note on Wednesday, November 13th. Stifel Nicolaus cut their price target on shares of Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $14.00 price objective on shares of Coty in a research note on Tuesday, October 15th. Jefferies Financial Group cut their target price on shares of Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group started coverage on shares of Coty in a research note on Friday, December 13th. They issued a “neutral” rating and a $9.00 price target for the company.

Coty Stock Up 0.6 %

Shares of COTY opened at $7.04 on Thursday. The company’s 50-day moving average price is $7.51 and its 200 day moving average price is $8.85. Coty has a 12-month low of $6.87 and a 12-month high of $13.30. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The firm has a market cap of $6.12 billion, a P/E ratio of 41.41, a price-to-earnings-growth ratio of 0.75 and a beta of 1.89.

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

Hedge Funds Weigh In On Coty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COTY. Point72 Asset Management L.P. lifted its position in shares of Coty by 789.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company’s stock worth $55,932,000 after buying an additional 4,954,362 shares during the last quarter. SG Americas Securities LLC boosted its stake in Coty by 1,798.5% in the third quarter. SG Americas Securities LLC now owns 1,847,328 shares of the company’s stock valued at $17,346,000 after acquiring an additional 1,750,021 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Coty by 42.6% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock worth $52,984,000 after purchasing an additional 1,687,045 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Coty by 10.5% during the second quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock worth $94,068,000 after purchasing an additional 890,626 shares in the last quarter. Finally, Armistice Capital LLC purchased a new stake in shares of Coty in the 2nd quarter valued at about $8,883,000. 42.36% of the stock is owned by institutional investors and hedge funds.

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.