DA Davidson Reaffirms Buy Rating for Coty (NYSE:COTY)

Coty (NYSE:COTY)‘s stock had its “buy” rating reaffirmed by DA Davidson in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $12.50 price objective on the stock. DA Davidson’s price objective indicates a potential upside of 78.57% from the company’s previous close.

COTY has been the topic of several other research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $14.00 price objective on shares of Coty in a report on Tuesday, October 15th. 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 note on Tuesday, October 15th. Wells Fargo & Company lowered their price objective on Coty from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, Citigroup lowered their price target on shares of Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Coty has an average rating of “Moderate Buy” and an average target price of $11.41.

Coty Stock Performance

Shares of NYSE:COTY opened at $7.00 on Wednesday. The business has a fifty day moving average of $7.55 and a 200-day moving average of $8.88. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. Coty has a twelve month low of $6.93 and a twelve month high of $13.30. The firm has a market cap of $6.09 billion, a PE ratio of 41.18, a price-to-earnings-growth ratio of 0.75 and a beta of 1.89.

Coty (NYSE:COTY) last posted its quarterly earnings data 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). Coty had a net margin of 2.78% and a return on equity of 9.16%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the business posted $0.09 EPS. The company’s revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts predict that Coty will post 0.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Coty

Several large investors have recently modified their holdings of COTY. Blue Trust Inc. lifted its holdings in shares of 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 in the last quarter. Virtu Financial LLC bought a new position in Coty in the third quarter valued at approximately $96,000. WealthShield Partners LLC acquired a new position in shares of Coty in the second quarter valued at approximately $100,000. Fifth Third Wealth Advisors LLC bought a new stake in shares of Coty during the second quarter worth $107,000. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of Coty during the third quarter worth $109,000. 42.36% of the stock is currently owned by institutional investors.

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.