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

Shares of Coty Inc. (NYSE:COTY) have received an average rating of “Moderate Buy” from the seventeen analysts that are presently covering the stock, Marketbeat Ratings 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 1 year price target among analysts that have issued a report on the stock in the last year is $11.41.

Several research analysts have recently weighed in on the stock. Evercore ISI reissued an “outperform” rating and issued a $15.00 target price on shares of Coty in a research report on Wednesday, August 21st. TD Cowen downgraded shares of Coty from a “buy” rating to a “hold” rating and cut their target price for the company from $11.00 to $8.50 in a research note on Wednesday, November 13th. The Goldman Sachs Group began coverage on Coty in a research report on Friday, December 13th. They issued a “neutral” rating and a $9.00 target price for the company. DA Davidson reissued a “buy” rating and set a $12.50 price target on shares of Coty in a research report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price objective on Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in COTY. Blue Trust Inc. grew its holdings in Coty by 330.3% during the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after purchasing an additional 2,385 shares during the last quarter. Virtu Financial LLC acquired a new position in Coty in the 3rd quarter valued at $96,000. WealthShield Partners LLC bought a new position in Coty in the 2nd quarter worth $100,000. Fifth Third Wealth Advisors LLC acquired a new position in Coty during the 2nd quarter worth $107,000. Finally, Capstone Investment Advisors LLC bought a new stake in Coty during the third quarter valued at about $109,000. 42.36% of the stock is owned by institutional investors.

Coty Stock Down 4.5 %

COTY stock opened at $6.99 on Thursday. The firm’s 50-day moving average is $7.59 and its two-hundred day moving average is $8.90. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 41.12, a price-to-earnings-growth ratio of 0.75 and a beta of 1.89. Coty has a 52 week low of $6.93 and a 52 week high of $13.30. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93.

Coty (NYSE:COTY) last announced its quarterly earnings data 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 firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the company earned $0.09 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, analysts forecast that Coty will post 0.51 earnings per share 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.