Brokerages Set Coty Inc. (NYSE:COTY) PT at $9.89

Coty Inc. (NYSE:COTY) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $9.89.

Several equities research analysts recently commented on COTY shares. Evercore ISI decreased their target price on Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Canaccord Genuity Group lowered their price objective on shares of Coty from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. The Goldman Sachs Group cut their target price on shares of Coty from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. TD Cowen downgraded shares of Coty from a “buy” rating to a “hold” rating and decreased their price target for the company from $11.00 to $8.50 in a research note on Wednesday, November 13th. Finally, Piper Sandler cut their price objective on shares of Coty from $9.00 to $8.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th.

Coty Stock Up 3.0 %

Shares of NYSE COTY opened at $6.02 on Tuesday. Coty has a 52-week low of $5.35 and a 52-week high of $12.80. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. The company’s 50 day moving average price is $6.52 and its 200-day moving average price is $7.58. The company has a market capitalization of $5.25 billion, a P/E ratio of -602.30, a price-to-earnings-growth ratio of 0.81 and a beta of 1.97.

Coty (NYSE:COTY) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. Equities analysts forecast that Coty will post 0.39 earnings per share for the current year.

Institutional Trading of Coty

Several institutional investors have recently made changes to their positions in COTY. Steward Partners Investment Advisory LLC lifted its position in shares of Coty by 317.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock valued at $29,000 after purchasing an additional 3,186 shares in the last quarter. Allworth Financial LP increased its stake in Coty by 145.0% in the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock valued at $42,000 after buying an additional 3,328 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Coty by 124.8% during the 4th quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock worth $49,000 after buying an additional 3,877 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Coty by 55.3% in the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock worth $51,000 after buying an additional 2,601 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Coty in the fourth quarter valued at approximately $54,000. Institutional investors 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.