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

Shares of Coty Inc. (NYSE:COTY) have been assigned a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $9.61.

A number of brokerages have recently issued reports on COTY. Barclays dropped their price target on shares of Coty from $6.00 to $5.00 and set an “underweight” rating on the stock in a report on Thursday. The Goldman Sachs Group dropped their target price on shares of Coty from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Morgan Stanley decreased their target price on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Wells Fargo & Company dropped their price target on Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus cut their price objective on Coty from $8.50 to $8.00 and set a “hold” rating for the company in a report on Tuesday, February 11th.

Coty Price Performance

Shares of NYSE COTY opened at $5.45 on Friday. The firm has a market cap of $4.75 billion, a P/E ratio of -544.50, a PEG ratio of 0.81 and a beta of 1.97. Coty has a twelve month low of $5.35 and a twelve month high of $11.91. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The company has a 50 day moving average of $6.14 and a 200 day moving average of $7.23.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its position in shares of 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 acquiring an additional 3,186 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Coty by 145.0% in the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after buying an additional 3,328 shares in the last quarter. Blue Trust Inc. boosted its position in shares of 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 acquiring an additional 3,877 shares during the last quarter. Quadrant Capital Group LLC grew its stake in 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 in the last quarter. Finally, R Squared Ltd bought a new stake in Coty in the 4th quarter valued at $54,000. Institutional investors own 42.36% of the company’s stock.

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.