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

Shares of Coty Inc. (NYSE:COTY) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $11.41.

A number of research firms have recently commented on COTY. The Goldman Sachs Group assumed coverage on Coty in a research note on Friday, December 13th. They set a “neutral” rating and a $9.00 target price on the stock. Stifel Nicolaus dropped their target price on shares of Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Tuesday, October 15th. Barclays downgraded shares of Coty from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $8.00 to $7.00 in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Finally, TD Cowen lowered Coty from a “buy” rating to a “hold” rating and reduced their price objective for the company from $11.00 to $8.50 in a report on Wednesday, November 13th.

Institutional Trading of Coty

Institutional investors have recently added to or reduced their stakes in the business. Banco Santander S.A. lifted its stake in shares of Coty by 0.3% in the 3rd quarter. Banco Santander S.A. now owns 23,112,758 shares of the company’s stock valued at $217,029,000 after acquiring an additional 79,180 shares during the last quarter. State Street Corp boosted its stake in shares of Coty by 2.3% during the third quarter. State Street Corp now owns 11,043,208 shares of the company’s stock valued at $103,696,000 after purchasing an additional 251,964 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Coty by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock worth $94,068,000 after purchasing an additional 890,626 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Coty by 11.3% in the third quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock worth $60,566,000 after buying an additional 656,952 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in Coty by 42.6% during 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 during the last quarter. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Coty Stock Down 0.4 %

Coty stock opened at $7.04 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. The stock has a market cap of $6.12 billion, a PE ratio of 41.41, a price-to-earnings-growth ratio of 0.75 and a beta of 1.89. Coty has a fifty-two week low of $6.87 and a fifty-two week high of $13.30. The firm’s 50-day simple moving average is $7.44 and its 200 day simple moving average is $8.80.

Coty (NYSE:COTY) last released its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. The business’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 earnings per share. Research analysts predict that Coty will post 0.51 EPS 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.