Coty Inc. (NYSE:COTY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Coty Inc. (NYSE:COTY) has received an average rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $11.24.

Several analysts have commented on COTY shares. Wells Fargo & Company dropped their target price on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Canaccord Genuity Group reiterated a “buy” rating and set a $14.00 target price on shares of Coty in a research report on Tuesday, October 15th. The Goldman Sachs Group initiated coverage on shares of Coty in a research report on Friday, December 13th. They issued a “neutral” rating and a $9.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and issued a $14.00 price objective on shares of Coty in a research report on Tuesday, October 15th. Finally, TD Cowen cut shares of Coty from a “buy” rating to a “hold” rating and lowered their price objective for the company from $11.00 to $8.50 in a research report on Wednesday, November 13th.

Coty Stock Performance

COTY stock opened at $6.85 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. The company has a 50 day moving average price of $7.20 and a 200 day moving average price of $8.18. Coty has a fifty-two week low of $6.59 and a fifty-two week high of $13.30. The stock has a market capitalization of $5.95 billion, a PE ratio of 40.26, a price-to-earnings-growth ratio of 0.78 and a beta of 1.89.

Coty (NYSE:COTY) last issued its earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). The business had revenue of $1.67 billion for 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 quarter in the previous year, the firm posted $0.09 EPS. Analysts forecast that Coty will post 0.5 EPS for the current year.

Institutional Investors Weigh In On Coty

Several hedge funds have recently bought and sold shares of COTY. Vaughan Nelson Investment Management L.P. lifted its stake in 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 purchasing an additional 1,687,045 shares during the last quarter. Barclays PLC lifted its stake in Coty by 147.1% in the 3rd 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 during the last quarter. Thrivent Financial for Lutherans lifted its stake in Coty by 11.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock valued at $60,566,000 after purchasing an additional 656,952 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Coty by 17.5% in the 4th quarter. Victory Capital Management Inc. now owns 3,134,276 shares of the company’s stock valued at $21,815,000 after purchasing an additional 466,772 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Coty in the 4th quarter valued at about $3,030,000. 42.36% of the stock is currently owned by institutional investors and hedge funds.

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.