Coty Inc. (NYSE:COTY) Receives $9.61 Average Target Price from Brokerages

Shares of Coty Inc. (NYSE:COTY) have received a consensus recommendation of “Moderate Buy” from the nineteen analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $9.61.

Several research firms recently weighed in on COTY. Morgan Stanley cut their price objective on Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Evercore ISI reduced their price target on Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Wells Fargo & Company dropped their price objective on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Barclays reduced their target price on shares of Coty from $6.00 to $5.00 and set an “underweight” rating on the stock in a report on Thursday, March 27th. Finally, Piper Sandler dropped their price target on shares of Coty from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Monday, February 24th.

Coty Stock Up 0.5 %

Shares of NYSE COTY opened at $5.48 on Friday. The company has a market cap of $4.77 billion, a price-to-earnings ratio of -547.50, a PEG ratio of 0.81 and a beta of 1.97. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. Coty has a 12 month low of $5.35 and a 12 month high of $11.91. The stock has a 50-day moving average price of $6.11 and a two-hundred day moving average price of $7.18.

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 return on equity of 6.34% and a net margin of 0.22%. As a group, analysts forecast that Coty will post 0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coty

Several institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Coty in the 4th quarter valued at $84,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Coty by 14.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,211,687 shares of the company’s stock worth $8,433,000 after purchasing an additional 152,675 shares during the period. Voloridge Investment Management LLC bought a new stake in Coty in the fourth quarter valued at $7,930,000. Woodline Partners LP acquired a new position in shares of Coty during the fourth quarter valued at about $4,723,000. Finally, Wexford Capital LP acquired a new position in shares of Coty during the fourth quarter valued at about $93,000. 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.