Royal Bank of Canada Reiterates Outperform Rating for Coty (NYSE:COTY)

Coty (NYSE:COTY)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank of Canada in a note issued to investors on Wednesday,Benzinga reports. They currently have a $13.00 price target on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 123.94% from the stock’s previous close.

Other research analysts have also issued reports about the company. DA Davidson restated a “buy” rating and issued a $12.50 price target on shares of Coty in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft lowered their target price on Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Raymond James cut their price target on shares of Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. TD Cowen cut Coty from a “buy” rating to a “hold” rating and decreased their price target for the stock from $11.00 to $8.50 in a research report on Wednesday, November 13th. Finally, Evercore ISI decreased their target price on Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Coty currently has a consensus rating of “Moderate Buy” and an average price target of $10.17.

Coty Stock Down 5.5 %

NYSE COTY traded down $0.34 during trading on Wednesday, hitting $5.81. 3,621,181 shares of the company traded hands, compared to its average volume of 5,901,462. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The business has a fifty day simple moving average of $7.16 and a 200 day simple moving average of $8.11. The company has a market capitalization of $5.05 billion, a P/E ratio of 34.15, a PEG ratio of 0.72 and a beta of 1.89. Coty has a 12 month low of $5.80 and a 12 month high of $13.30.

Coty (NYSE:COTY) last announced its earnings results 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 9.16% and a net margin of 2.78%. As a group, sell-side analysts predict that Coty will post 0.51 EPS for the current year.

Institutional Trading of Coty

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Retirement Systems of Alabama boosted its position in shares of Coty by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 444,245 shares of the company’s stock valued at $3,092,000 after buying an additional 1,472 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Coty by 3.8% in the third quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company’s stock worth $397,000 after acquiring an additional 1,545 shares during the period. Stephens Inc. AR grew its position in Coty by 12.0% in the fourth quarter. Stephens Inc. AR now owns 15,588 shares of the company’s stock worth $108,000 after acquiring an additional 1,672 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Coty by 16.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company’s stock valued at $94,000 after purchasing an additional 1,893 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Coty by 26.9% in the fourth quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company’s stock valued at $69,000 after acquiring an additional 2,110 shares during the period. 42.36% of the stock is owned by hedge funds and other institutional investors.

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.