Coty (NYSE:COTY) Earns Neutral Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Coty (NYSE:COTY) in a research report released on Friday, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $9.00 price objective on the stock.

Other research analysts also recently issued reports about the company. Wells Fargo & Company dropped their price target on Coty from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Citigroup cut their target price on shares of Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. Royal Bank of Canada restated an “outperform” rating and issued a $14.00 price target on shares of Coty in a research report on Tuesday, October 15th. Evercore ISI reissued an “outperform” rating and set a $15.00 target price on shares of Coty in a research report on Wednesday, August 21st. Finally, TD Cowen lowered Coty from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $11.00 to $8.50 in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.41.

Coty Trading Up 0.4 %

NYSE:COTY opened at $7.50 on Friday. Coty has a 12 month low of $6.93 and a 12 month high of $13.30. The company’s 50 day moving average is $7.70 and its 200-day moving average is $8.95. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of 44.12, a P/E/G ratio of 0.75 and a beta of 1.89.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Blue Trust Inc. increased its holdings in Coty by 330.3% in the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after purchasing an additional 2,385 shares during the last quarter. WealthShield Partners LLC acquired a new stake in shares of Coty in the 2nd quarter valued at approximately $100,000. Virtu Financial LLC bought a new position in Coty during the 3rd quarter worth approximately $96,000. Fifth Third Wealth Advisors LLC acquired a new position in Coty during the second quarter valued at approximately $107,000. Finally, Capstone Investment Advisors LLC bought a new stake in Coty in the third quarter valued at approximately $109,000. Institutional investors and hedge funds 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.