Brokerages Set Coty (NYSE:COTY) PT at $4.51

Coty (NYSE:COTY) has been given a consensus recommendation of “Reduce” by the twenty-one ratings firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $4.3059.

Several research analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of Coty in a research note on Wednesday, January 21st. Canaccord Genuity Group set a $2.50 target price on Coty in a research report on Monday, February 9th. Barclays dropped their price target on shares of Coty from $3.00 to $2.50 and set an “underweight” rating on the stock in a report on Monday, February 9th. Royal Bank Of Canada decreased their price objective on shares of Coty from $10.00 to $8.00 and set an “outperform” rating for the company in a report on Monday, February 9th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $2.50 target price on shares of Coty in a report on Monday, February 9th.

Institutional Trading of Coty

Large investors have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. bought a new position in Coty in the fourth quarter valued at about $32,000. Cornerstone Wealth Management LLC purchased a new stake in shares of Coty during the 4th quarter valued at about $37,000. North Dakota State Investment Board bought a new position in shares of Coty in the 4th quarter worth approximately $37,000. Vise Technologies Inc. purchased a new position in shares of Coty in the fourth quarter worth approximately $39,000. Finally, Corient Private Wealth LLC bought a new stake in Coty during the fourth quarter valued at approximately $39,000. Institutional investors own 42.36% of the company’s stock.

Coty Stock Down 3.5%

Shares of Coty stock opened at $2.60 on Tuesday. The company has a 50-day simple moving average of $3.02 and a two-hundred day simple moving average of $3.63. The stock has a market capitalization of $2.28 billion, a PE ratio of -4.19, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95. Coty has a 52-week low of $2.44 and a 52-week high of $6.13. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.52 and a current ratio of 0.79.

Coty (NYSE:COTY) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.66 billion. Coty had a negative net margin of 9.13% and a positive return on equity of 5.38%. Coty’s revenue was up .5% on a year-over-year basis. During the same period last year, the business earned $0.11 EPS. On average, analysts anticipate that Coty will post 0.39 EPS for the current fiscal year.

About Coty

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty’s portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company’s product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.