Coty (NYSE:COTY) Receives $3.70 Average PT from Analysts

Coty (NYSE:COTY) has been given an average rating of “Reduce” by the seventeen analysts that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $3.7036.

COTY has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $8.00 price objective on shares of Coty in a research report on Monday, May 4th. Morgan Stanley set a $2.50 price objective on shares of Coty in a research report on Thursday, May 7th. TD Cowen increased their price objective on shares of Coty from $2.30 to $2.90 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Weiss Ratings cut shares of Coty from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Coty from $3.00 to $2.00 and set a “hold” rating for the company in a research report on Monday, March 30th.

Hedge Funds Weigh In On Coty

A number of hedge funds have recently made changes to their positions in COTY. Credit Agricole S A purchased a new position in shares of Coty during the 3rd quarter worth approximately $63,824,000. Norges Bank purchased a new position in Coty in the 4th quarter valued at approximately $41,867,000. Two Sigma Investments LP boosted its position in Coty by 793.5% in the 3rd quarter. Two Sigma Investments LP now owns 4,401,554 shares of the company’s stock valued at $17,782,000 after buying an additional 3,908,955 shares during the period. Squarepoint Ops LLC purchased a new position in Coty in the 2nd quarter valued at approximately $15,829,000. Finally, Contrarius Group Holdings Ltd purchased a new position in Coty in the 4th quarter valued at approximately $10,135,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty Stock Up 1.9%

Shares of NYSE COTY opened at $1.92 on Monday. The company has a 50 day simple moving average of $2.14 and a 200-day simple moving average of $2.52. The company has a market capitalization of $1.69 billion, a P/E ratio of -3.09, a P/E/G ratio of 0.44 and a beta of 1.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.82 and a quick ratio of 0.49. Coty has a 1 year low of $1.84 and a 1 year high of $5.33.

Coty (NYSE:COTY) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. Coty had a positive return on equity of 4.59% and a negative net margin of 9.20%.The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.01 EPS. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. On average, equities research analysts predict that Coty will post 0.22 earnings per share for the current year.

Coty Company Profile

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty’s portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company’s product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.