Coty (NYSE:COTY) Rating Reiterated by Canaccord Genuity Group

Coty (NYSE:COTY)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity Group in a report issued on Friday, Benzinga reports. They presently have a $14.00 price target on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 53.68% from the company’s current price.

A number of other brokerages have also recently issued reports on COTY. Wells Fargo & Company reduced their target price on shares of Coty from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. DA Davidson boosted their target price on shares of Coty from $16.50 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Barclays reduced their target price on shares of Coty from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday, August 22nd. Citigroup dropped their price target on Coty from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $15.00 price target on shares of Coty in a research note on Wednesday, August 21st. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Coty has a consensus rating of “Moderate Buy” and a consensus target price of $12.85.

Coty Trading Up 2.1 %

COTY stock opened at $9.11 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.75 and a quick ratio of 0.46. The company has a fifty day moving average price of $9.57 and a two-hundred day moving average price of $10.52. Coty has a one year low of $8.66 and a one year high of $13.30. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 39.61, a price-to-earnings-growth ratio of 0.66 and a beta of 1.89.

Coty (NYSE:COTY) last announced its earnings results on Tuesday, August 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. Coty had a net margin of 1.46% and a return on equity of 8.05%. The company’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 EPS. Equities analysts anticipate that Coty will post 0.56 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Quent Capital LLC raised its stake in Coty by 1,448.8% during the second quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock worth $52,000 after acquiring an additional 4,810 shares in the last quarter. WealthShield Partners LLC bought a new stake in shares of Coty during the second quarter worth about $100,000. Fifth Third Wealth Advisors LLC bought a new stake in shares of Coty during the second quarter worth about $107,000. EntryPoint Capital LLC grew its holdings in shares of Coty by 260.4% during the first quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock worth $139,000 after purchasing an additional 8,419 shares during the last quarter. Finally, Norden Group LLC bought a new stake in shares of Coty during the first quarter worth about $146,000. Institutional investors and hedge funds 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.