Coty Inc. (COTY) PT Lowered to $22.00

Coty Inc. (NYSE:COTY) had its price target trimmed by BMO Capital Markets from $24.00 to $22.00 in a report released on Friday. The brokerage currently has an outperform rating on the stock.

Several other research firms also recently issued reports on COTY. BidaskClub raised Coty from a sell rating to a hold rating in a research note on Wednesday, August 2nd. Stifel Nicolaus set a $25.00 price objective on Coty and gave the company a buy rating in a research note on Monday, August 21st. Royal Bank Of Canada reaffirmed a sector perform rating and issued a $22.00 price objective on shares of Coty in a research note on Monday, August 21st. Zacks Investment Research downgraded Coty from a hold rating to a sell rating in a research note on Thursday, July 20th. Finally, Deutsche Bank AG reaffirmed a buy rating and issued a $20.00 price objective (down previously from $22.00) on shares of Coty in a research note on Wednesday, August 23rd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $19.30.

Coty (NYSE COTY) traded up $0.44 during trading on Friday, hitting $16.75. The stock had a trading volume of 8,026,300 shares, compared to its average volume of 5,603,503. Coty has a one year low of $14.24 and a one year high of $20.88. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.78. The firm has a market capitalization of $12,211.07, a P/E ratio of 29.66, a P/E/G ratio of 1.65 and a beta of 0.31.

Coty (NYSE:COTY) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Coty had a negative return on equity of 0.84% and a negative net margin of 0.72%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The firm’s revenue was up 107.3% compared to the same quarter last year. equities research analysts predict that Coty will post 0.67 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece was first posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://transcriptdaily.com/2017/11/14/coty-inc-coty-pt-lowered-to-22-00.html.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Wednesday, November 29th. Coty’s dividend payout ratio (DPR) is -83.33%.

In related news, major shareholder Cosmetics B.V. Jab acquired 2,600,000 shares of Coty stock in a transaction dated Monday, August 28th. The stock was bought at an average price of $16.30 per share, with a total value of $42,380,000.00. Following the transaction, the insider now directly owns 276,408,041 shares in the company, valued at approximately $4,505,451,068.30. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sebastien Froidefond acquired 16,879 shares of Coty stock in a transaction dated Friday, September 1st. The shares were bought at an average cost of $16.60 per share, with a total value of $280,191.40. Following the transaction, the insider now owns 98,358 shares in the company, valued at $1,632,742.80. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 2,979,505 shares of company stock valued at $48,661,242. Insiders own 1.00% of the company’s stock.

About Coty

Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.

Analyst Recommendations for Coty (NYSE:COTY)

Receive News & Ratings for Coty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply