Coty Inc. (NYSE:COTY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Coty Inc. (NYSE:COTY) has received a consensus rating of “Moderate Buy” from the nineteen analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $9.61.

A number of brokerages have issued reports on COTY. DA Davidson restated a “buy” rating and set a $12.50 price objective on shares of Coty in a research report on Thursday, February 6th. Citigroup upgraded Coty from a “neutral” rating to a “buy” rating and increased their price target for the company from $7.00 to $8.00 in a report on Thursday, March 20th. Stifel Nicolaus dropped their price objective on shares of Coty from $8.50 to $8.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Evercore ISI reduced their target price on shares of Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Finally, Berenberg Bank initiated coverage on shares of Coty in a research note on Tuesday. They set a “buy” rating and a $7.50 price target for the company.

Institutional Investors Weigh In On Coty

A number of institutional investors have recently added to or reduced their stakes in COTY. Ameriprise Financial Inc. lifted its position in shares of Coty by 12.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company’s stock valued at $140,691,000 after buying an additional 2,175,120 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Coty by 13.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 13,318,685 shares of the company’s stock valued at $92,697,000 after acquiring an additional 1,569,315 shares during the last quarter. State Street Corp boosted its stake in Coty by 2.3% in the third quarter. State Street Corp now owns 11,043,208 shares of the company’s stock valued at $103,696,000 after acquiring an additional 251,964 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Coty by 0.4% in the fourth quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company’s stock worth $68,379,000 after purchasing an additional 37,412 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Coty by 25.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock worth $56,354,000 after purchasing an additional 1,646,839 shares in the last quarter. Institutional investors own 42.36% of the company’s stock.

Coty Trading Down 1.9 %

COTY stock opened at $5.45 on Friday. The firm has a fifty day moving average price of $6.14 and a 200 day moving average price of $7.23. Coty has a fifty-two week low of $5.35 and a fifty-two week high of $11.91. The firm has a market cap of $4.75 billion, a PE ratio of -544.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.97. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71.

Coty (NYSE:COTY) last posted its earnings results on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. Sell-side analysts anticipate that Coty will post 0.39 earnings per share for the current fiscal year.

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.