Berenberg Bank Begins Coverage on Coty (NYSE:COTY)

Investment analysts at Berenberg Bank initiated coverage on shares of Coty (NYSE:COTY) in a report issued on Tuesday, Marketbeat Ratings reports. The firm set a “buy” rating and a $7.50 price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 37.74% from the company’s previous close.

Several other analysts have also recently weighed in on COTY. Citigroup raised shares of Coty from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $7.00 to $8.00 in a research note on Thursday, March 20th. Barclays decreased their price target on Coty from $7.00 to $6.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $13.00 price objective on shares of Coty in a research note on Wednesday, February 12th. Stifel Nicolaus decreased their target price on shares of Coty from $8.50 to $8.00 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Finally, Piper Sandler dropped their price target on shares of Coty from $9.00 to $8.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $9.66.

Coty Stock Down 0.6 %

Coty stock opened at $5.45 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. Coty has a fifty-two week low of $5.35 and a fifty-two week high of $11.99. The company’s 50-day moving average is $6.21 and its 200-day moving average is $7.27. The firm has a market capitalization of $4.75 billion, a PE ratio of -544.50, a P/E/G ratio of 0.81 and a beta of 1.97.

Coty (NYSE:COTY) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.11 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%. Sell-side analysts anticipate that Coty will post 0.39 earnings per share for the current year.

Institutional Trading of Coty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC boosted its position in shares of Coty by 317.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock valued at $29,000 after buying an additional 3,186 shares during the last quarter. Allworth Financial LP boosted its holdings in Coty by 145.0% during the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after acquiring an additional 3,328 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Coty by 124.8% in the 4th quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock worth $49,000 after acquiring an additional 3,877 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Coty by 55.3% in the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock valued at $51,000 after purchasing an additional 2,601 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Coty in the fourth quarter valued at about $54,000. 42.36% of the stock is owned by institutional investors.

About Coty

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.