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

Coty Inc. (NYSE:COTY) has been assigned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $11.24.

A number of research firms have weighed in on COTY. Citigroup lowered their target price on Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a report on Monday, October 14th. Jefferies Financial Group dropped their target price on Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Stifel Nicolaus decreased their price target on shares of Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Tuesday, October 15th. TD Cowen downgraded shares of Coty from a “buy” rating to a “hold” rating and cut their price target for the stock from $11.00 to $8.50 in a report on Wednesday, November 13th. Finally, Barclays dropped their target price on shares of Coty from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Friday.

Hedge Funds Weigh In On Coty

Several large investors have recently bought and sold shares of COTY. Blue Trust Inc. boosted its holdings in shares of Coty by 330.3% during the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after purchasing an additional 2,385 shares during the period. Virtu Financial LLC bought a new position in Coty during the third quarter worth $96,000. Capstone Investment Advisors LLC bought a new stake in Coty in the 3rd quarter valued at $109,000. Quadrature Capital Ltd bought a new stake in Coty in the 3rd quarter valued at $124,000. Finally, American Century Companies Inc. boosted its stake in shares of Coty by 10.6% in the 2nd quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock valued at $148,000 after purchasing an additional 1,414 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Price Performance

NYSE:COTY opened at $7.15 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $6.22 billion, a P/E ratio of 42.04, a P/E/G ratio of 0.67 and a beta of 1.89. Coty has a 12 month low of $6.59 and a 12 month high of $13.30. The business’s 50-day moving average is $7.21 and its 200 day moving average is $8.44.

Coty (NYSE:COTY) last released its earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 EPS. On average, equities research analysts forecast that Coty will post 0.51 earnings per share for the current fiscal year.

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.