Coty Inc. (NYSE:COTY) Receives Consensus Rating of “Hold” from Analysts

Shares of Coty Inc. (NYSE:COTY) have received a consensus rating of “Hold” from the nineteen analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $8.24.

Several research firms recently weighed in on COTY. Canaccord Genuity Group reduced their price target on shares of Coty from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Evercore ISI decreased their target price on Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price target on Coty from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Bank of America downgraded Coty from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $9.00 to $4.50 in a research note on Tuesday, April 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $13.00 target price on shares of Coty in a research note on Wednesday, February 12th.

Coty Stock Up 0.8 %

Shares of COTY opened at $4.82 on Wednesday. The firm has a market cap of $4.20 billion, a P/E ratio of -482.00, a PEG ratio of 0.81 and a beta of 1.75. Coty has a 12 month low of $4.56 and a 12 month high of $11.81. The stock’s 50 day moving average is $5.41 and its two-hundred day moving average is $6.68. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY) last released its quarterly earnings results on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. Analysts predict that Coty will post 0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC raised its position in Coty by 317.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock valued at $29,000 after purchasing an additional 3,186 shares during the period. GAMMA Investing LLC raised its holdings in Coty by 140.2% in the 1st quarter. GAMMA Investing LLC now owns 5,506 shares of the company’s stock valued at $30,000 after buying an additional 3,214 shares during the period. Allworth Financial LP lifted its position in Coty by 145.0% in the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock valued at $42,000 after buying an additional 3,328 shares during the last quarter. Blue Trust Inc. boosted its stake in Coty by 124.8% during the fourth quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock worth $49,000 after buying an additional 3,877 shares during the period. Finally, Quadrant Capital Group LLC increased its position in shares of Coty by 55.3% during the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock valued at $51,000 after acquiring an additional 2,601 shares during the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.

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.