Coty Inc. (NYSE:COTY) Receives $12.15 Average Target Price from Brokerages

Shares of Coty Inc. (NYSE:COTY) have earned an average recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $12.15.

A number of analysts have recently issued reports on COTY shares. Jefferies Financial Group reduced their price target on shares of Coty from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Citigroup decreased 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. Wells Fargo & Company lowered their price target on shares of Coty from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. DA Davidson reduced their price objective on Coty from $17.00 to $14.50 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, Piper Sandler lowered their target price on Coty from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th.

Institutional Trading of Coty

Several large investors have recently modified their holdings of COTY. Blue Trust Inc. boosted its stake in Coty by 330.3% during the 3rd 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 period. Quent Capital LLC increased its position 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 during the period. WealthShield Partners LLC bought a new stake in Coty in the 2nd quarter valued at $100,000. Fifth Third Wealth Advisors LLC bought a new stake in Coty in the 2nd quarter valued at $107,000. Finally, Envestnet Portfolio Solutions Inc. grew its position in Coty by 9.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock worth $124,000 after purchasing an additional 1,104 shares during the last quarter. 42.36% of the stock is owned by institutional investors.

Coty Trading Up 0.6 %

Coty stock opened at $7.49 on Wednesday. Coty has a 52 week low of $7.34 and a 52 week high of $13.30. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.46 and a current ratio of 0.75. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 93.56, a P/E/G ratio of 1.12 and a beta of 1.89. The company has a 50 day moving average price of $8.83 and a 200 day moving average price of $9.75.

Coty (NYSE:COTY) last issued its quarterly earnings results on Tuesday, August 20th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Coty had a net margin of 1.46% and a return on equity of 8.05%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 EPS. Research analysts forecast that Coty will post 0.55 EPS for the current year.

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.