Coty (NYSE:COTY) Stock Rating Reaffirmed by Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Coty (NYSE:COTY) in a research report report published on Friday, Benzinga reports. The brokerage currently has a $14.00 price objective on the stock.

Other research analysts have also issued research reports about the stock. Evercore ISI reaffirmed an outperform rating and issued a $15.00 target price on shares of Coty in a research note on Wednesday, August 21st. Barclays reduced their target price on Coty from $11.00 to $10.00 and set an equal weight rating on the stock in a report on Thursday, August 22nd. DA Davidson raised their target price on shares of Coty from $16.50 to $17.00 and gave the stock a buy rating in a report on Wednesday, August 21st. 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. Finally, Stifel Nicolaus reduced their price target on Coty from $12.00 to $11.00 and set a hold rating for the company in a research report on Wednesday, August 21st. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $12.85.

Coty Stock Up 2.0 %

Shares of NYSE:COTY opened at $9.29 on Friday. The company has a market capitalization of $8.06 billion, a PE ratio of 40.39, a P/E/G ratio of 0.66 and a beta of 1.89. Coty has a 52 week low of $8.66 and a 52 week high of $13.30. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.46 and a current ratio of 0.75. The company’s fifty day moving average is $9.55 and its 200-day moving average is $10.48.

Coty (NYSE:COTY) last issued its quarterly earnings data on Tuesday, August 20th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). Coty had a return on equity of 8.05% and a net margin of 1.46%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the company earned $0.01 EPS. The firm’s revenue was up .9% compared to the same quarter last year. Equities research analysts predict that Coty will post 0.56 earnings per share for the current fiscal year.

Institutional Trading of Coty

Hedge funds have recently modified their holdings of the stock. M&G Plc lifted its position in Coty by 41.4% during the second quarter. M&G Plc now owns 509,694 shares of the company’s stock worth $5,097,000 after acquiring an additional 149,351 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Coty by 733.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company’s stock valued at $19,038,000 after purchasing an additional 1,671,897 shares during the period. Ranger Investment Management L.P. boosted its stake in Coty by 0.5% in the 4th quarter. Ranger Investment Management L.P. now owns 1,623,182 shares of the company’s stock valued at $20,160,000 after purchasing an additional 7,910 shares during the period. FIL Ltd grew its holdings in Coty by 10.6% in the 4th quarter. FIL Ltd now owns 14,345,501 shares of the company’s stock valued at $178,171,000 after buying an additional 1,375,857 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new position in Coty during the 4th quarter worth $1,533,000. Institutional investors and hedge funds own 42.36% of the company’s stock.

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.