Coty (NYSE:COTY) Stock Rating Reaffirmed by Canaccord Genuity Group

Coty (NYSE:COTY)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity Group in a report issued on Tuesday, Benzinga reports. They presently have a $14.00 target price on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 75.33% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Evercore ISI reaffirmed an “outperform” rating and set a $15.00 target price on shares of Coty in a research note on Wednesday, August 21st. Royal Bank of Canada reissued an “outperform” rating and set a $14.00 price objective on shares of Coty in a report on Tuesday. DA Davidson boosted their target price on shares of Coty from $16.50 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Wells Fargo & Company dropped their price target on shares of Coty from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, Barclays lowered their target price on shares of Coty from $11.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, August 22nd. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Coty has an average rating of “Moderate Buy” and a consensus target price of $12.15.

Coty Price Performance

Shares of NYSE:COTY opened at $7.99 on Tuesday. The stock has a market cap of $6.93 billion, a PE ratio of 34.72, a PEG ratio of 0.67 and a beta of 1.89. Coty has a 52 week low of $7.95 and a 52 week high of $13.30. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 0.96. The company’s fifty day moving average is $9.23 and its 200 day moving average is $10.01.

Coty (NYSE:COTY) last announced its quarterly earnings results on Tuesday, August 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. Coty had a return on equity of 8.05% and a net margin of 1.46%. Coty’s revenue was up .9% on a year-over-year basis. During the same period last year, the business earned $0.01 EPS. Research analysts anticipate that Coty will post 0.56 earnings per share for the current year.

Institutional Investors Weigh In On Coty

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Compass Wealth Management LLC grew its holdings in shares of Coty by 12.6% in the third quarter. Compass Wealth Management LLC now owns 590,725 shares of the company’s stock worth $5,547,000 after purchasing an additional 65,900 shares during the last quarter. Covea Finance grew its position in shares of Coty by 52.2% in the 3rd quarter. Covea Finance now owns 175,000 shares of the company’s stock worth $1,643,000 after buying an additional 60,000 shares during the last quarter. Fulton Bank N.A. grew its position in shares of Coty by 16.1% in the 3rd quarter. Fulton Bank N.A. now owns 26,214 shares of the company’s stock worth $246,000 after buying an additional 3,636 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of Coty by 24.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 113,900 shares of the company’s stock worth $1,070,000 after buying an additional 22,300 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Coty by 1,798.5% during the 3rd quarter. SG Americas Securities LLC now owns 1,847,328 shares of the company’s stock worth $17,346,000 after purchasing an additional 1,750,021 shares during the last quarter. Hedge funds and other 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.