Coty Inc. (NYSE:COTY) Receives Average Recommendation of “Moderate Buy” from Analysts

Coty Inc. (NYSE:COTY) has been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $12.94.

A number of analysts have recently commented on COTY shares. Wells Fargo & Company cut their price target on Coty from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Bank of America reduced their price target on Coty from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. TD Cowen lowered their price objective on shares of Coty from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Canaccord Genuity Group started coverage on shares of Coty in a research report on Monday, April 15th. They issued a “buy” rating and a $14.00 price objective on the stock. Finally, Piper Sandler decreased their target price on shares of Coty from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th.

Coty Stock Performance

Shares of COTY stock opened at $9.91 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.50 and a current ratio of 0.80. Coty has a 52 week low of $9.02 and a 52 week high of $13.30. The company’s 50 day moving average price is $10.05 and its two-hundred day moving average price is $11.22. The company has a market capitalization of $8.60 billion, a P/E ratio of 43.09, a price-to-earnings-growth ratio of 3.29 and a beta of 1.91.

Coty (NYSE:COTY) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Coty had a return on equity of 8.75% and a net margin of 3.59%. The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share. On average, analysts expect that Coty will post 0.44 earnings per share for the current fiscal year.

Institutional Trading of Coty

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Coty by 12.1% in the 3rd quarter. Vanguard Group Inc. now owns 39,281,692 shares of the company’s stock valued at $430,920,000 after acquiring an additional 4,245,039 shares during the period. Ranger Investment Management L.P. lifted its position in Coty by 0.5% during the fourth quarter. Ranger Investment Management L.P. now owns 1,623,182 shares of the company’s stock worth $20,160,000 after acquiring an additional 7,910 shares during the last quarter. FIL Ltd boosted its holdings in shares of Coty by 10.6% during the fourth quarter. FIL Ltd now owns 14,345,501 shares of the company’s stock worth $178,171,000 after acquiring an additional 1,375,857 shares during the period. Nomura Holdings Inc. acquired a new position in shares of Coty in the fourth quarter valued at approximately $1,533,000. Finally, Great Lakes Advisors LLC bought a new position in shares of Coty during the fourth quarter worth approximately $4,232,000. Institutional investors own 42.36% of the company’s stock.

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.