Coty (NYSE:COTY) Given Consensus Rating of “Reduce” by Analysts

Shares of Coty (NYSE:COTY) have earned a consensus rating of “Reduce” from the seventeen analysts that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $3.7036.

A number of brokerages have recently weighed in on COTY. TD Cowen upped their target price on Coty from $2.30 to $2.90 and gave the company a “hold” rating in a report on Thursday, May 7th. Morgan Stanley set a $2.50 price target on shares of Coty in a report on Thursday, May 7th. Citigroup boosted their price objective on shares of Coty from $2.50 to $2.80 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings lowered shares of Coty from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 13th. Finally, Barclays cut their target price on shares of Coty from $2.50 to $2.00 and set an “underweight” rating for the company in a research report on Tuesday, April 14th.

Coty Trading Up 1.8%

Shares of NYSE COTY opened at $2.87 on Tuesday. Coty has a one year low of $1.82 and a one year high of $5.08. The firm has a market capitalization of $2.53 billion, a PE ratio of -4.63, a PEG ratio of 0.81 and a beta of 0.97. The company has a current ratio of 0.82, a quick ratio of 0.49 and a debt-to-equity ratio of 0.97. The business has a 50-day moving average price of $2.31 and a two-hundred day moving average price of $2.38.

Institutional Trading of Coty

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ground Swell Capital LLC acquired a new stake in Coty during the first quarter valued at $27,000. Robeco Institutional Asset Management B.V. acquired a new position in Coty in the 4th quarter worth about $32,000. Cornerstone Wealth Management LLC acquired a new position in Coty in the 4th quarter worth about $37,000. North Dakota State Investment Board purchased a new stake in shares of Coty during the 4th quarter worth about $37,000. Finally, Avantax Planning Partners Inc. purchased a new stake in shares of Coty during the 1st quarter worth about $37,000. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Coty Company Profile

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.