Investment Analysts’ Recent Ratings Updates for Coty (COTY)

A number of research firms have changed their ratings and price targets for Coty (NYSE: COTY):

• 11/13/2024 – Coty was downgraded by analysts at TD Cowen from a “buy” rating to a “hold” rating. They now have a $8.50 price target on the stock, down previously from $11.00.
• 11/11/2024 – Coty had its price target lowered by analysts at DA Davidson from $14.50 to $12.50. They now have a “buy” rating on the stock.
• 11/8/2024 – Coty had its price target lowered by analysts at Raymond James from $13.00 to $11.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – Coty was downgraded by analysts at Barclays PLC from an “equal weight” rating to an “underweight” rating. They now have a $7.00 price target on the stock, down previously from $8.00.
• 10/16/2024 – Coty had its price target lowered by analysts at Barclays PLC from $10.00 to $8.00. They now have an “equal weight” rating on the stock.
• 10/16/2024 – Coty had its price target lowered by analysts at Jefferies Financial Group Inc. from $12.00 to $11.00. They now have a “buy” rating on the stock.
• 10/16/2024 – Coty had its price target lowered by analysts at DA Davidson from $17.00 to $14.50. They now have a “buy” rating on the stock.
• 10/16/2024 – Coty had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $14.00 to $12.00. They now have a “buy” rating on the stock.
• 10/15/2024 – Coty had its price target lowered by analysts at Raymond James from $14.00 to $13.00. They now have an “outperform” rating on the stock.
• 10/15/2024 – Coty had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $14.00 price target on the stock.
• 10/15/2024 – Coty had its price target lowered by analysts at JPMorgan Chase & Co. from $11.00 to $10.00. They now have a “neutral” rating on the stock.
• 10/15/2024 – Coty had its price target lowered by analysts at Stifel Nicolaus from $11.00 to $10.00. They now have a “hold” rating on the stock.
• 10/15/2024 – Coty had its price target lowered by analysts at Wells Fargo & Company from $10.00 to $9.00. They now have an “equal weight” rating on the stock.
• 10/15/2024 – Coty had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group Inc.. They now have a $14.00 price target on the stock.
• 10/14/2024 – Coty had its price target lowered by analysts at Citigroup Inc. from $10.50 to $10.00. They now have a “neutral” rating on the stock.
• 10/7/2024 – Coty was upgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock, up previously from $11.00.

Coty Price Performance

COTY stock traded up $0.07 during midday trading on Thursday, reaching $7.45. 1,034,345 shares of the stock were exchanged, compared to its average volume of 4,201,226. The stock has a market capitalization of $6.47 billion, a PE ratio of 43.82, a P/E/G ratio of 0.73 and a beta of 1.91. Coty Inc. has a 52 week low of $7.02 and a 52 week high of $13.30. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. The company has a fifty day moving average price of $8.46 and a 200 day moving average price of $9.50.

Coty (NYSE:COTY) last announced its earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a return on equity of 9.16% and a net margin of 2.78%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the firm posted $0.09 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, analysts expect that Coty Inc. will post 0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Coty

Large investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. boosted its position in shares of Coty by 789.3% during the second quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company’s stock valued at $55,932,000 after buying an additional 4,954,362 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Coty by 1,798.5% during the 3rd quarter. SG Americas Securities LLC now owns 1,847,328 shares of the company’s stock valued at $17,346,000 after acquiring an additional 1,750,021 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in shares of Coty by 42.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock valued at $52,984,000 after acquiring an additional 1,687,045 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Coty by 733.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company’s stock valued at $19,038,000 after acquiring an additional 1,671,897 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Coty by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock valued at $94,068,000 after acquiring an additional 890,626 shares during the period. Institutional investors and hedge funds own 42.36% of the company’s stock.

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.