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

Coty Inc. (NYSE:COTY) has earned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and ten have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $11.41.

Several analysts have commented on COTY shares. TD Cowen lowered shares of Coty from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $11.00 to $8.50 in a report on Wednesday, November 13th. Canaccord Genuity Group restated a “buy” rating and set a $14.00 price target on shares of Coty in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft decreased their price objective on Coty from $14.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Royal Bank of Canada restated an “outperform” rating and set a $14.00 target price on shares of Coty in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th.

Hedge Funds Weigh In On Coty

A number of hedge funds have recently added to or reduced their stakes in COTY. State Street Corp boosted its stake in Coty by 2.3% during the 3rd 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 last quarter. Barclays PLC lifted its holdings in shares of Coty by 147.1% during the third quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock valued at $10,947,000 after purchasing an additional 693,961 shares in the last quarter. Compass Wealth Management LLC boosted its position in shares of Coty by 12.6% during the third quarter. Compass Wealth Management LLC now owns 590,725 shares of the company’s stock valued at $5,547,000 after buying an additional 65,900 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Coty in the 3rd quarter worth about $3,681,000. Finally, Thrivent Financial for Lutherans increased its holdings in Coty by 11.3% in the 3rd 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 in the last quarter. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Coty Price Performance

Shares of 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. Coty has a fifty-two week low of $6.87 and a fifty-two week high of $13.30. The firm has a market cap of $6.12 billion, a P/E ratio of 41.41, a P/E/G ratio of 0.75 and a beta of 1.89. The business’s 50 day moving average price is $7.44 and its 200-day moving average price is $8.80.

Coty (NYSE:COTY) last released its quarterly earnings results 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 company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the firm earned $0.09 EPS. The business’s revenue was up 1.8% on a year-over-year basis. On average, equities research analysts anticipate 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.