Brokerages Set Coty Inc. (NYSE:COTY) PT at $9.61

Coty Inc. (NYSE:COTY) has received a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $9.61.

COTY has been the subject of several analyst reports. Barclays decreased their price objective on Coty from $6.00 to $5.00 and set an “underweight” rating for the company in a report on Thursday, March 27th. The Goldman Sachs Group lowered their price target on Coty from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Canaccord Genuity Group dropped their price objective on Coty from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. DA Davidson restated a “buy” rating and set a $12.50 target price on shares of Coty in a report on Thursday, February 6th. Finally, Wells Fargo & Company cut their price target on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th.

Hedge Funds Weigh In On Coty

Several institutional investors and hedge funds have recently modified their holdings of COTY. Steward Partners Investment Advisory LLC boosted its stake in shares of Coty by 317.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock valued at $29,000 after buying an additional 3,186 shares during the period. Allworth Financial LP lifted its position in Coty by 145.0% during 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 during the period. Blue Trust Inc. grew its stake in Coty by 124.8% during the fourth quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock worth $49,000 after buying an additional 3,877 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Coty by 55.3% in the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock valued at $51,000 after buying an additional 2,601 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Coty in the 4th quarter valued at approximately $54,000. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Coty Stock Up 0.5 %

Shares of Coty stock opened at $5.48 on Friday. The firm has a market cap of $4.77 billion, a PE ratio of -547.50, a P/E/G ratio of 0.81 and a beta of 1.97. The business’s 50 day simple moving average is $6.11 and its 200 day simple moving average is $7.18. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. Coty has a 52-week low of $5.35 and a 52-week high of $11.91.

Coty (NYSE:COTY) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. On average, analysts predict that Coty will post 0.39 earnings per share for the current fiscal year.

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.