Coty (NYSE:COTY) Now Covered by Analysts at Berenberg Bank

Analysts at Berenberg Bank started coverage on shares of Coty (NYSE:COTY) in a report released on Tuesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $7.50 price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 35.50% from the company’s current price.

COTY has been the subject of a number of other reports. Canaccord Genuity Group lowered their target price on Coty from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Citigroup raised Coty from a “neutral” rating to a “buy” rating and lifted their target price for the company from $7.00 to $8.00 in a research note on Thursday, March 20th. Evercore ISI cut their price target on Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley lowered their price objective on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus dropped their price objective on Coty from $8.50 to $8.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.66.

Coty Price Performance

NYSE:COTY opened at $5.54 on Tuesday. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The firm has a market cap of $4.83 billion, a PE ratio of -553.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.97. Coty has a 12 month low of $5.35 and a 12 month high of $11.99. The company’s 50-day moving average price is $6.26 and its two-hundred day moving average price is $7.30.

Coty (NYSE:COTY) last announced its earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. On average, equities analysts anticipate that Coty will post 0.39 EPS for the current fiscal year.

Institutional Trading of Coty

Large investors have recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its holdings in Coty by 12.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company’s stock worth $140,691,000 after acquiring an additional 2,175,120 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Coty by 13.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,318,685 shares of the company’s stock valued at $92,697,000 after purchasing an additional 1,569,315 shares during the period. State Street Corp increased 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 worth $103,696,000 after purchasing an additional 251,964 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Coty by 0.4% during the 4th quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company’s stock worth $68,379,000 after buying an additional 37,412 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in Coty by 25.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock valued at $56,354,000 after buying an additional 1,646,839 shares in the last quarter. 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.