Coty (NYSE:COTY) Price Target Raised to $4.50

Coty (NYSE:COTY) had its price target raised by Citigroup from $3.00 to $4.50 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research analysts also recently commented on the company. Royal Bank Of Canada lifted their target price on Coty from $3.00 to $3.50 and gave the stock a “sector perform” rating in a research note on Friday, November 6th. Zacks Research upgraded Coty from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 5th. Weiss Ratings cut Coty from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, October 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.60 price target on shares of Coty in a report on Thursday, August 20th. Finally, Deutsche Bank reaffirmed a “hold” rating and set a $3.00 price objective on shares of Coty in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Coty presently has a consensus rating of “Reduce” and an average price target of $3.48.

Coty Stock Performance

NYSE:COTY traded up $0.01 during mid-day trading on Thursday, hitting $4.04. The stock had a trading volume of 7,117,970 shares, compared to its average volume of 6,716,357. Coty has a twelve month low of $1.82 and a twelve month high of $4.36. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of -6.21, a PEG ratio of 0.50 and a beta of 0.83. The company’s 50 day simple moving average is $3.07 and its 200 day simple moving average is $2.57. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.45 and a current ratio of 0.75.

Coty (NYSE:COTY) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Coty had a positive return on equity of 7.11% and a negative net margin of 9.74%. Coty’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.12 earnings per share. On average, equities research analysts forecast that Coty will post 0.34 earnings per share for the current year.

Institutional Investors Weigh In On Coty

Hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP grew its position in shares of Coty by 2,947.7% in the third quarter. Marshall Wace LLP now owns 344,385 shares of the company’s stock valued at $899,000 after purchasing an additional 333,085 shares during the last quarter. N.F.U. MUTUAL UNIT MANAGERS Ltd acquired a new stake in Coty during the 3rd quarter worth approximately $450,000. Public Sector Pension Investment Board lifted its holdings in Coty by 1.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 1,287,756 shares of the company’s stock worth $3,361,000 after purchasing an additional 17,287 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Coty by 4.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 85,705 shares of the company’s stock valued at $224,000 after purchasing an additional 3,805 shares during the period. Finally, Royce & Associates LP boosted its stake in Coty by 495.9% in the 3rd quarter. Royce & Associates LP now owns 2,979,390 shares of the company’s stock valued at $7,776,000 after purchasing an additional 2,479,390 shares during the period. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Coty Company Profile

Coty is a global beauty company that develops, manufactures, markets and distributes fragrances, cosmetics, skin care and body-care products. Its portfolio spans prestige and consumer beauty, with products sold in markets around the world. The company’s brands include CoverGirl, Rimmel London, Max Factor and Sally Hansen. Coty also produces fragrances and beauty products under license for a range of fashion and lifestyle brands. Founded in Paris in 1904 by perfumer François Coty, the company has grown from a fragrance business into a broad-based beauty group.