Coty Inc. (NYSE:COTY) Receives $11.24 Consensus Target Price from Brokerages

Shares of Coty Inc. (NYSE:COTY) have received a consensus recommendation of “Moderate Buy” from the eighteen analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven 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 covered the stock in the last year is $10.17.

A number of equities analysts have recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $13.00 target price on shares of Coty in a research report on Wednesday. Morgan Stanley dropped their price target on Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Wells Fargo & Company cut their price target on Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Raymond James lowered their price objective 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. Finally, TD Cowen downgraded shares of Coty from a “buy” rating to a “hold” rating and cut their target price for the company from $11.00 to $8.50 in a research report on Wednesday, November 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC boosted its holdings in Coty by 317.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock worth $29,000 after acquiring an additional 3,186 shares in the last quarter. Blue Trust Inc. raised its position in shares of Coty by 330.3% in the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after purchasing an additional 2,385 shares during the last quarter. Allworth Financial LP boosted its stake in Coty by 145.0% in the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after purchasing an additional 3,328 shares in the last quarter. Quadrant Capital Group LLC grew its position in Coty by 55.3% during the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock worth $51,000 after purchasing an additional 2,601 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in Coty during the 4th quarter worth approximately $54,000. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Coty Price Performance

Shares of COTY stock opened at $5.74 on Friday. The stock has a 50 day moving average price of $7.09 and a 200 day moving average price of $8.07. The firm has a market capitalization of $5.00 billion, a P/E ratio of 33.79, a P/E/G ratio of 0.72 and a beta of 1.89. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. Coty has a 52-week low of $5.64 and a 52-week high of $13.30.

Coty (NYSE:COTY) last released its earnings results on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate 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 earnings per share for the current 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.