Coty Inc. (NYSE:COTY) Given Consensus Rating of “Hold” by Brokerages

Coty Inc. (NYSE:COTY) has been assigned an average recommendation of “Hold” from the thirteen research firms that are covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $13.21.

Several analysts have recently issued reports on the company. Barclays reduced their price objective on Coty from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Friday, April 12th. TD Cowen reduced their target price on Coty from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Citigroup reduced their target price on Coty from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. DA Davidson reduced their target price on Coty from $17.50 to $16.50 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Finally, Canaccord Genuity Group assumed coverage on Coty in a research report on Monday, April 15th. They set a “buy” rating and a $14.00 target price on the stock.

Coty Stock Up 0.3 %

COTY opened at $10.09 on Thursday. The business’s fifty day moving average is $10.63 and its two-hundred day moving average is $11.57. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.50 and a current ratio of 0.80. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 43.85, a PEG ratio of 4.38 and a beta of 1.91. Coty has a one year low of $9.02 and a one year high of $13.46.

Coty (NYSE:COTY) last posted its earnings results on Monday, May 6th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Coty had a return on equity of 8.75% and a net margin of 3.59%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts anticipate that Coty will post 0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Coty

A number of large investors have recently modified their holdings of COTY. DekaBank Deutsche Girozentrale purchased a new position in Coty in the third quarter valued at about $31,000. Fulton Bank N.A. purchased a new position in Coty in the fourth quarter valued at about $131,000. EntryPoint Capital LLC boosted its holdings in Coty by 260.4% in the first quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock valued at $139,000 after purchasing an additional 8,419 shares during the last quarter. Norden Group LLC purchased a new position in Coty in the first quarter valued at about $146,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in Coty in the third quarter valued at about $169,000. Institutional investors and hedge funds own 42.36% of the company’s stock.

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.