Brokerages Set Coty Inc. (NYSE:COTY) PT at $11.29

Coty Inc. (NYSE:COTY) has received a consensus recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $11.29.

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Jefferies Financial Group dropped their target price on Coty from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Royal Bank of Canada restated an “outperform” rating and set a $14.00 price target on shares of Coty in a report on Tuesday, October 15th. Barclays cut Coty from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $8.00 to $7.00 in a research report on Thursday, November 7th. Finally, Wells Fargo & Company lowered their price target on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th.

Institutional Trading of Coty

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. raised its position in Coty by 330.3% in the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after purchasing an additional 2,385 shares during the period. Virtu Financial LLC acquired a new stake in shares of Coty during the third quarter valued at about $96,000. Capstone Investment Advisors LLC bought a new position in Coty during the 3rd quarter valued at $109,000. Quadrature Capital Ltd acquired a new position in shares of Coty in the 3rd quarter worth approximately $124,000. Finally, American Century Companies Inc. boosted its holdings in shares of Coty by 10.6% in the 2nd quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock valued at $148,000 after buying an additional 1,414 shares during the period. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Stock Performance

NYSE:COTY opened at $6.91 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93. The company has a fifty day moving average of $7.21 and a 200-day moving average of $8.47. The firm has a market capitalization of $6.01 billion, a P/E ratio of 40.65, a P/E/G ratio of 0.74 and a beta of 1.89. Coty has a twelve month low of $6.59 and a twelve month high of $13.30.

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

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.