Brokerages Set Coty Inc. (NYSE:COTY) Target Price at $11.56

Coty Inc. (NYSE:COTY) has been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $11.56.

COTY has been the subject of a number of research analyst reports. Canaccord Genuity Group restated a “buy” rating and set a $14.00 price objective on shares of Coty in a research report on Tuesday, October 15th. Raymond James decreased their price target on shares of Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group lowered their price objective on Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Evercore ISI reissued an “outperform” rating and set a $15.00 target price on shares of Coty in a report on Wednesday, August 21st. Finally, Citigroup lowered their price target on Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th.

Coty Price Performance

NYSE:COTY opened at $7.39 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93. Coty has a 52 week low of $6.93 and a 52 week high of $13.30. The stock’s 50-day moving average price is $8.02 and its 200-day moving average price is $9.17. The stock has a market capitalization of $6.43 billion, a PE ratio of 43.47, a price-to-earnings-growth ratio of 0.73 and a beta of 1.91.

Coty (NYSE:COTY) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Coty had a net margin of 2.78% and a return on equity of 9.16%. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the firm earned $0.09 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, equities analysts expect that Coty will post 0.51 EPS for the current fiscal year.

Institutional Trading of Coty

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. grew its position in Coty by 330.3% in the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after acquiring an additional 2,385 shares during the period. Quent Capital LLC increased its position in shares of Coty by 1,448.8% during the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock worth $52,000 after purchasing an additional 4,810 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Coty during the 3rd quarter worth about $96,000. WealthShield Partners LLC purchased a new stake in Coty in the 2nd quarter valued at about $100,000. Finally, Fifth Third Wealth Advisors LLC acquired a new position in Coty in the second quarter valued at about $107,000. Institutional investors and hedge funds 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.