Coty Inc. (NYSE:COTY) Receives $11.24 Average PT from Brokerages

Coty Inc. (NYSE:COTY) has been assigned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $11.24.

Several brokerages have recently issued reports on COTY. Stifel Nicolaus lowered their target price on shares of Coty from $11.00 to $10.00 and set a “hold” rating for the company in a report on Tuesday, October 15th. Raymond James dropped their target price on Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. JPMorgan Chase & Co. reduced their price objective on shares of Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Canaccord Genuity Group restated a “buy” rating and set a $14.00 target price on shares of Coty in a research report on Tuesday, October 15th. Finally, DA Davidson restated a “buy” rating and issued a $12.50 price target on shares of Coty in a report on Thursday.

Institutional Investors Weigh In On Coty

A number of large investors have recently modified their holdings of COTY. Blue Trust Inc. raised its holdings in shares of Coty by 330.3% in the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after acquiring an additional 2,385 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Coty by 317.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock worth $29,000 after acquiring an additional 3,186 shares during the period. Allworth Financial LP increased its stake in shares of Coty by 145.0% in the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after purchasing an additional 3,328 shares in the last quarter. R Squared Ltd bought a new stake in Coty during the 4th quarter valued at $54,000. Finally, US Bancorp DE lifted its holdings in Coty by 116.0% during the 4th quarter. US Bancorp DE now owns 9,473 shares of the company’s stock worth $66,000 after purchasing an additional 5,088 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Trading Down 1.5 %

NYSE COTY opened at $6.75 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 stock has a market capitalization of $5.87 billion, a P/E ratio of 39.68, a PEG ratio of 0.72 and a beta of 1.89. The firm’s 50-day moving average is $7.17 and its two-hundred day moving average is $8.13. Coty has a 12 month low of $6.59 and a 12 month high of $13.30.

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.