Citigroup Upgrades Coty (NYSE:COTY) to “Buy”

Coty (NYSE:COTY) was upgraded by investment analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued on Thursday, Marketbeat reports. The firm currently has a $8.00 price target on the stock, up from their previous price target of $7.00. Citigroup’s price objective suggests a potential upside of 44.01% from the company’s current price.

A number of other analysts have also recently issued reports on the company. DA Davidson restated a “buy” rating and set a $12.50 price objective on shares of Coty in a research report on Thursday, February 6th. Barclays lowered their price objective on Coty from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Piper Sandler lowered their price objective on Coty from $9.00 to $8.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Canaccord Genuity Group lowered their price objective on Coty from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus lowered their price objective on Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.78.

Coty Stock Down 1.3 %

Shares of COTY stock opened at $5.56 on Thursday. Coty has a 12 month low of $5.35 and a 12 month high of $11.99. The firm has a market cap of $4.84 billion, a PE ratio of -555.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.97. The stock has a 50 day moving average of $6.29 and a 200-day moving average of $7.36. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY) last released its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. On average, equities analysts predict that Coty will post 0.39 EPS for the current year.

Hedge Funds Weigh In On Coty

Institutional investors and hedge funds have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC boosted its stake in Coty by 317.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock worth $29,000 after purchasing an additional 3,186 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Coty by 145.0% during the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock valued at $42,000 after acquiring an additional 3,328 shares during the period. Blue Trust Inc. lifted its stake in shares of Coty by 124.8% during the fourth quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock valued at $49,000 after acquiring an additional 3,877 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Coty by 55.3% during the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock valued at $51,000 after acquiring an additional 2,601 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Coty during the fourth quarter valued at $54,000. Institutional investors and hedge funds own 42.36% of the company’s stock.

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.