Analysts Set Coty Inc. (NYSE:COTY) Price Target at $12.94

Coty Inc. (NYSE:COTY) has been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $12.94.

A number of equities research analysts have recently commented on COTY shares. Piper Sandler reduced their target price on shares of Coty from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. DA Davidson lowered their target price on shares of Coty from $17.50 to $16.50 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Citigroup lowered their target price on shares of Coty from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Bank of America lowered their price target on shares of Coty from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company lowered their price target on shares of Coty from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th.

Coty Price Performance

Shares of NYSE:COTY opened at $9.63 on Friday. The company has a 50-day simple moving average of $9.77 and a 200-day simple moving average of $10.91. Coty has a one year low of $8.79 and a one year high of $13.30. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.50 and a current ratio of 0.80. The stock has a market capitalization of $8.36 billion, a price-to-earnings ratio of 41.87, a PEG ratio of 3.31 and a beta of 1.91.

Hedge Funds Weigh In On Coty

Institutional investors have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. lifted its holdings in Coty by 9.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock valued at $124,000 after acquiring an additional 1,104 shares during the last quarter. Securian Asset Management Inc. lifted its holdings in Coty by 4.2% in the 4th quarter. Securian Asset Management Inc. now owns 31,605 shares of the company’s stock valued at $393,000 after acquiring an additional 1,268 shares during the last quarter. American Century Companies Inc. lifted its stake in Coty by 10.6% during the second quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock valued at $148,000 after buying an additional 1,414 shares in the last quarter. Federated Hermes Inc. lifted its stake in Coty by 4.2% during the fourth quarter. Federated Hermes Inc. now owns 46,244 shares of the company’s stock valued at $574,000 after buying an additional 1,871 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in Coty by 3.1% during the first quarter. Avantax Advisory Services Inc. now owns 65,960 shares of the company’s stock valued at $789,000 after buying an additional 2,012 shares in the last quarter. Institutional investors own 42.36% of the company’s stock.

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.