Coty (NYSE:COTY) Receives Average Rating of “Reduce” from Brokerages

Coty (NYSE:COTY) has been given an average rating of “Reduce” by the thirteen analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and eleven have issued a hold rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $3.2409.

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $3.00 target price on shares of Coty in a report on Friday, August 21st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Coty in a research note on Friday, August 7th. The Goldman Sachs Group restated a “neutral” rating and issued a $2.60 target price on shares of Coty in a research report on Thursday, August 20th. Royal Bank Of Canada downgraded shares of Coty from an “outperform” rating to a “sector perform” rating and set a $3.00 price target for the company. in a report on Thursday, August 20th. Finally, Morgan Stanley increased their price target on shares of Coty from $2.50 to $2.75 and gave the stock an “equal weight” rating in a research report on Tuesday, August 25th.

Coty Stock Performance

Shares of COTY stock opened at $2.69 on Friday. The company has a fifty day moving average price of $2.68 and a two-hundred day moving average price of $2.36. Coty has a one year low of $1.82 and a one year high of $4.56. The stock has a market cap of $2.36 billion, a P/E ratio of -3.84, a P/E/G ratio of 0.51 and a beta of 0.95. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.75 and a quick ratio of 0.42.

Coty (NYSE:COTY) last announced its quarterly earnings results on Wednesday, August 19th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.19 billion. Coty had a negative net margin of 10.42% and a positive return on equity of 5.68%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.05) EPS. Coty has set its Q1 2027 guidance at 0.110-0.130 EPS. As a group, equities analysts predict that Coty will post 0.31 EPS for the current year.

Institutional Trading of Coty

Large investors have recently bought and sold shares of the business. Credit Agricole S A bought a new position in shares of Coty in the 3rd quarter valued at $63,824,000. Norges Bank bought a new stake in Coty during the 4th quarter worth $41,867,000. Two Sigma Investments LP increased its holdings in Coty by 793.5% in the 3rd quarter. Two Sigma Investments LP now owns 4,401,554 shares of the company’s stock worth $17,782,000 after purchasing an additional 3,908,955 shares in the last quarter. Squarepoint Ops LLC bought a new position in Coty in the second quarter valued at about $15,829,000. Finally, Contrarius Group Holdings Ltd bought a new position in Coty in the fourth quarter valued at about $10,135,000. 42.36% of the stock is owned by institutional investors and hedge funds.

Coty Company Profile

Coty Inc is a global beauty company that develops, manufactures and markets fragrances, color cosmetics, skin care and body care products. Its portfolio spans prestige and mass-market beauty, with products sold through department stores, specialty retailers, drugstores, e-commerce channels and other distribution networks.

The company’s brands include CoverGirl, Rimmel London, Sally Hansen, Max Factor and Bourjois, as well as prestige fragrance and beauty brands such as Gucci, Burberry, Calvin Klein, Marc Jacobs, Chloé, Hugo Boss, philosophy and Lancaster.