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

Coty Inc. (NYSE:COTY) has received a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $12.85.

Several equities analysts recently issued reports on COTY shares. Evercore ISI reiterated an “outperform” rating and issued a $15.00 price target on shares of Coty in a report on Wednesday, August 21st. Canaccord Genuity Group restated a “buy” rating and set a $14.00 target price on shares of Coty in a report on Friday. DA Davidson raised their target price on Coty from $16.50 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Stifel Nicolaus reduced their target price on Coty from $12.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, August 21st. Finally, Citigroup dropped their price target on Coty from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of COTY. Norges Bank bought a new position in shares of Coty during the 4th quarter worth approximately $67,193,000. Point72 Asset Management L.P. boosted its stake in shares of Coty by 789.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company’s stock worth $55,932,000 after acquiring an additional 4,954,362 shares during the period. Sea Cliff Partners Management LP bought a new position in shares of Coty during the 4th quarter worth approximately $24,803,000. Assenagon Asset Management S.A. boosted its stake in shares of Coty by 733.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company’s stock worth $19,038,000 after acquiring an additional 1,671,897 shares during the period. Finally, Prevatt Capital Ltd bought a new position in shares of Coty during the 4th quarter worth approximately $19,251,000. 42.36% of the stock is currently owned by institutional investors.

Coty Price Performance

Coty stock opened at $9.29 on Tuesday. The business’s 50-day simple moving average is $9.55 and its 200 day simple moving average is $10.48. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 40.39, a P/E/G ratio of 0.66 and a beta of 1.89. Coty has a 12-month low of $8.66 and a 12-month high of $13.30. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 0.96.

Coty (NYSE:COTY) last posted its quarterly earnings results on Tuesday, August 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.07). The firm 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%. Coty’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.01 EPS. As a group, research analysts anticipate that Coty will post 0.56 earnings per share for the current 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.