Coty (NYSE:COTY) Price Target Raised to $3.00

Coty (NYSE:COTY) had its price target raised by Barclays from $2.00 to $3.00 in a research note published on Monday,Benzinga reports. Barclays currently has an underweight rating on the stock.

COTY has been the topic of several other reports. Royal Bank Of Canada upped their price target on shares of Coty from $3.00 to $3.50 and gave the stock a “sector perform” rating in a research report on Friday, November 6th. Wall Street Zen raised shares of Coty from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. TD Cowen assumed coverage on shares of Coty in a research note on Friday, October 30th. They set a “hold” rating on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $2.60 target price on shares of Coty in a report on Thursday, August 20th. Finally, Zacks Research upgraded shares of Coty from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 5th. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Coty has a consensus rating of “Reduce” and an average price target of $3.35.

Coty Stock Performance

Shares of NYSE COTY opened at $4.07 on Monday. The stock has a 50 day moving average price of $3.02 and a 200 day moving average price of $2.56. Coty has a 52 week low of $1.82 and a 52 week high of $4.36. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.45 and a current ratio of 0.75. The stock has a market capitalization of $3.58 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 0.54 and a beta of 0.83.

Coty (NYSE:COTY) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. Coty had a positive return on equity of 7.11% and a negative net margin of 9.74%. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the firm earned $0.12 EPS. The business’s quarterly revenue was down 1.4% on a year-over-year basis. Analysts predict that Coty will post 0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coty

Several large investors have recently modified their holdings of COTY. AlphaGrep UK Ltd acquired a new position in Coty in the 2nd quarter valued at about $25,000. Moss Adams Wealth Advisors LLC bought a new position in shares of Coty during the third quarter worth approximately $29,000. Gryphon Financial Partners LLC bought a new position in shares of Coty during the third quarter worth approximately $29,000. Elmwood Wealth Management Inc. bought a new position in shares of Coty during the third quarter worth approximately $34,000. Finally, Vise Technologies Inc. acquired a new stake in Coty during the 3rd quarter worth approximately $36,000. 42.36% of the stock is owned by institutional investors.

Coty Company Profile

Coty is a global beauty company that develops, manufactures, markets and distributes fragrances, cosmetics, skin care and body-care products. Its portfolio spans prestige and consumer beauty, with products sold in markets around the world. The company’s brands include CoverGirl, Rimmel London, Max Factor and Sally Hansen. Coty also produces fragrances and beauty products under license for a range of fashion and lifestyle brands. Founded in Paris in 1904 by perfumer François Coty, the company has grown from a fragrance business into a broad-based beauty group.