Coty Inc. (NYSE:COTY) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Coty Inc. (NYSE:COTY) have received a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $11.24.

Several research firms have issued reports on COTY. Jefferies Financial Group reduced their price objective on Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. JPMorgan Chase & Co. cut their price target on Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Wells Fargo & Company lowered their price objective on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Raymond James cut their target price on shares of Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Finally, The Goldman Sachs Group initiated coverage on shares of Coty in a research report on Friday, December 13th. They set a “neutral” rating and a $9.00 price target for the company.

Coty Stock Down 0.8 %

Shares of NYSE COTY opened at $7.15 on Monday. Coty has a 52-week low of $6.59 and a 52-week high of $13.30. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. The business has a fifty day moving average of $7.21 and a two-hundred day moving average of $8.42. The stock has a market cap of $6.22 billion, a PE ratio of 42.04, a PEG ratio of 0.67 and a beta of 1.89.

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

Institutional Investors Weigh In On Coty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. grew its holdings in shares of Coty by 789.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company’s stock valued at $55,932,000 after acquiring an additional 4,954,362 shares in the last quarter. SG Americas Securities LLC boosted its position in Coty by 1,798.5% during the third quarter. SG Americas Securities LLC now owns 1,847,328 shares of the company’s stock valued at $17,346,000 after purchasing an additional 1,750,021 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in Coty by 42.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock valued at $52,984,000 after purchasing an additional 1,687,045 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Coty by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock worth $94,068,000 after purchasing an additional 890,626 shares during the last quarter. Finally, Armistice Capital LLC bought a new stake in shares of Coty during the 2nd quarter worth approximately $8,883,000. 42.36% of the stock is currently owned by institutional investors and hedge funds.

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.