Coty Inc. (NYSE:COTY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Coty Inc. (NYSE:COTY) has been given a consensus rating of “Moderate Buy” by the seventeen analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $11.24.

COTY has been the topic of several research analyst reports. Stifel Nicolaus cut their price target on Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Tuesday, October 15th. Barclays cut their price target on Coty from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. JPMorgan Chase & Co. dropped their target price on Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Citigroup dropped their target price on Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. Finally, Jefferies Financial Group dropped their target price on Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th.

Coty Stock Performance

Shares of Coty stock opened at $6.85 on Friday. The business has a 50-day moving average of $7.20 and a 200 day moving average of $8.18. Coty has a 12 month low of $6.59 and a 12 month high of $13.30. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 40.26, a price-to-earnings-growth ratio of 0.78 and a beta of 1.89. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55.

Coty (NYSE:COTY) last posted its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Coty had a return on equity of 9.16% and a net margin of 2.78%. Coty’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 EPS. As a group, sell-side analysts forecast that Coty will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On Coty

Several large investors have recently modified their holdings of the stock. State Street Corp boosted its position in Coty by 2.3% during the third quarter. State Street Corp now owns 11,043,208 shares of the company’s stock valued at $103,696,000 after purchasing an additional 251,964 shares during the last quarter. Barclays PLC increased its stake in Coty by 147.1% during the third quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock valued at $10,947,000 after acquiring an additional 693,961 shares during the period. JPMorgan Chase & Co. increased its stake in Coty by 16.8% during the third quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company’s stock valued at $6,981,000 after acquiring an additional 107,014 shares during the period. Compass Wealth Management LLC boosted its holdings in Coty by 12.6% during the third quarter. Compass Wealth Management LLC now owns 590,725 shares of the company’s stock valued at $5,547,000 after purchasing an additional 65,900 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Coty during the third quarter valued at approximately $3,681,000. 42.36% of the stock is owned by institutional investors.

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.