Brokerages Set Coty Inc. (NYSE:COTY) PT at $11.56

Shares of Coty Inc. (NYSE:COTY) have been assigned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $11.56.

Several equities analysts have recently commented on COTY shares. Evercore ISI restated an “outperform” rating and issued a $15.00 price objective on shares of Coty in a report on Wednesday, August 21st. Wells Fargo & Company decreased their price objective on shares of Coty from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Raymond James decreased their price objective on shares of Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Barclays lowered shares of Coty from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $8.00 to $7.00 in a report on Thursday, November 7th. Finally, TD Cowen lowered shares of Coty from a “buy” rating to a “hold” rating and reduced their target price for the stock from $11.00 to $8.50 in a report on Wednesday, November 13th.

Coty Stock Performance

NYSE:COTY opened at $7.40 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of 43.53, a PEG ratio of 0.73 and a beta of 1.91. The company’s 50-day moving average is $8.17 and its two-hundred day moving average is $9.26. Coty has a 1-year low of $6.93 and a 1-year high of $13.30.

Coty (NYSE:COTY) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a return on equity of 9.16% and a net margin of 2.78%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the company posted $0.09 earnings per share. The business’s revenue was up 1.8% compared to the same quarter last year. Analysts forecast that Coty will post 0.51 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of COTY. Dynasty Wealth Management LLC purchased a new position in shares of Coty in the 1st quarter valued at $423,000. Tidal Investments LLC grew its position in shares of Coty by 327.9% in the 1st quarter. Tidal Investments LLC now owns 135,474 shares of the company’s stock valued at $1,620,000 after buying an additional 103,811 shares during the last quarter. Quent Capital LLC grew its position in shares of Coty by 1,448.8% in the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock valued at $52,000 after buying an additional 4,810 shares during the last quarter. Fulton Bank N.A. boosted its stake in Coty by 23.8% during the 2nd quarter. Fulton Bank N.A. now owns 22,578 shares of the company’s stock worth $226,000 after purchasing an additional 4,340 shares during the period. Finally, M&G Plc boosted its stake in Coty by 41.4% during the 2nd quarter. M&G Plc now owns 509,694 shares of the company’s stock worth $5,097,000 after purchasing an additional 149,351 shares during the period. 42.36% of the stock is owned by hedge funds and other institutional investors.

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.