Coty Inc. (NYSE:COTY – Get Free Report) shares traded up 5.2% on Wednesday after DA Davidson raised their price target on the stock from $16.50 to $17.00. DA Davidson currently has a buy rating on the stock. Coty traded as high as $10.10 and last traded at $10.03. 2,867,182 shares changed hands during trading, a decline of 27% from the average session volume of 3,931,846 shares. The stock had previously closed at $9.53.
Other research analysts have also issued reports about the company. Piper Sandler cut their target price on Coty from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Bank of America lowered their target price on Coty from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Citigroup lowered their price target on shares of Coty from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Finally, Wells Fargo & Company decreased their price objective on shares of Coty from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Coty currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.11.
Read Our Latest Research Report on COTY
Institutional Trading of Coty
Coty Price Performance
The company has a current ratio of 0.80, a quick ratio of 0.50 and a debt-to-equity ratio of 0.93. The stock has a 50-day simple moving average of $9.76 and a 200 day simple moving average of $10.88. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of 43.70, a price-to-earnings-growth ratio of 3.31 and a beta of 1.91.
Coty (NYSE:COTY – Get Free Report) last posted its quarterly 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). Coty had a return on equity of 8.75% and a net margin of 3.59%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the company earned $0.01 earnings per share. Coty’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts forecast that Coty Inc. will post 0.44 EPS for the current fiscal year.
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.
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