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

Shares of Coty Inc. (NYSE:COTY) have received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $11.56.

Several research firms have issued reports on COTY. JPMorgan Chase & Co. dropped their price target on Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Jefferies Financial Group reduced their target price on Coty from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Citigroup cut their price objective on Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. Wells Fargo & Company decreased their target price on shares of Coty from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Finally, Evercore ISI restated an “outperform” rating and set a $15.00 price target on shares of Coty in a report on Wednesday, August 21st.

Coty Trading Up 1.8 %

Shares of COTY stock opened at $7.32 on Friday. The stock has a 50-day simple moving average of $8.21 and a 200 day simple moving average of $9.31. The stock has a market capitalization of $6.37 billion, a P/E ratio of 43.06, a P/E/G ratio of 0.71 and a beta of 1.91. Coty has a fifty-two week low of $6.93 and a fifty-two week high of $13.30. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93.

Coty (NYSE:COTY) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a net margin of 2.78% and a return on equity of 9.16%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the business posted $0.09 EPS. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, sell-side analysts expect that Coty will post 0.51 earnings per share for the current fiscal year.

Institutional Trading of Coty

A number of institutional investors have recently bought and sold shares of the company. Point72 Asset Management L.P. increased its position in Coty by 789.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company’s stock worth $55,932,000 after purchasing an additional 4,954,362 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Coty by 1,798.5% in the 3rd quarter. SG Americas Securities LLC now owns 1,847,328 shares of the company’s stock valued at $17,346,000 after buying an additional 1,750,021 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Coty by 42.6% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock valued at $52,984,000 after buying an additional 1,687,045 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Coty by 733.0% in the second quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company’s stock worth $19,038,000 after buying an additional 1,671,897 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Coty by 10.5% during the second quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock valued at $94,068,000 after acquiring an additional 890,626 shares in the last quarter. Institutional investors and hedge funds 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.