Analysts Set Coty Inc. (NYSE:COTY) PT at $12.85

Coty Inc. (NYSE:COTY) has been assigned an average rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $12.85.

A number of equities analysts have recently commented on the company. Stifel Nicolaus lowered their price target on Coty from $12.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, August 21st. Citigroup lowered their price target on Coty from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Wells Fargo & Company lowered their price target on Coty from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Canaccord Genuity Group reissued a “buy” rating and set a $14.00 price target on shares of Coty in a report on Friday. Finally, DA Davidson boosted their price objective on Coty from $16.50 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st.

Institutional Investors Weigh In On Coty

Institutional investors have recently made changes to their positions in the stock. Quent Capital LLC grew its position in shares of Coty by 1,448.8% in the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock valued at $52,000 after buying an additional 4,810 shares during the last quarter. WealthShield Partners LLC bought a new stake in shares of Coty in the 2nd quarter valued at about $100,000. Fifth Third Wealth Advisors LLC bought a new stake in shares of Coty in the 2nd quarter valued at about $107,000. EntryPoint Capital LLC grew its position in shares of Coty by 260.4% in the 1st quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock valued at $139,000 after buying an additional 8,419 shares during the last quarter. Finally, Norden Group LLC bought a new stake in shares of Coty in the 1st quarter valued at about $146,000. Institutional investors own 42.36% of the company’s stock.

Coty Stock Performance

COTY opened at $9.29 on Tuesday. The business has a fifty day simple moving average of $9.55 and a 200 day simple moving average of $10.48. The company has a market capitalization of $8.06 billion, a PE ratio of 40.39, a price-to-earnings-growth ratio of 0.66 and a beta of 1.89. Coty has a 1 year low of $8.66 and a 1 year high of $13.30. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.75 and a quick ratio of 0.46.

Coty (NYSE:COTY) last announced its quarterly earnings data on Tuesday, August 20th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.07). Coty had a net margin of 1.46% and a return on equity of 8.05%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the firm earned $0.01 earnings per share. Coty’s revenue was up .9% on a year-over-year basis. Research analysts expect that Coty will post 0.56 EPS 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.