Coty Inc. (NYSE:COTY) Receives $11.41 Consensus PT from Analysts

Coty Inc. (NYSE:COTY) has earned an average recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $11.41.

Several equities analysts have recently weighed in on the stock. TD Cowen lowered 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 report on Wednesday, November 13th. Raymond James dropped their price target on shares of Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Coty from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Barclays cut Coty from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $8.00 to $7.00 in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group started coverage on Coty in a report on Friday, December 13th. They issued a “neutral” rating and a $9.00 price target for the company.

Coty Price Performance

NYSE:COTY opened at $7.04 on Thursday. The firm’s fifty day moving average is $7.51 and its two-hundred day moving average is $8.85. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 41.41, a PEG ratio of 0.75 and a beta of 1.89. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. Coty has a one year low of $6.87 and a one year high of $13.30.

Coty (NYSE:COTY) last issued its earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Coty had a return on equity of 9.16% and a net margin of 2.78%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 EPS. Research analysts expect that Coty will post 0.51 EPS for the current year.

Hedge Funds Weigh In On Coty

Hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. lifted its position in Coty by 330.3% during the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after buying an additional 2,385 shares in the last quarter. Virtu Financial LLC acquired a new stake in Coty during the third quarter worth about $96,000. WealthShield Partners LLC acquired a new position in Coty in the 2nd quarter valued at about $100,000. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Coty in the 2nd quarter valued at approximately $107,000. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of Coty during the 3rd quarter worth approximately $109,000. 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.