Coty (NYSE:COTY) Stock Has Consensus Price Target of $3.24

Coty (NYSE:COTY) has been assigned a consensus rating of “Reduce” from the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $3.24.

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

Hedge Funds Weigh In On Coty

Several hedge funds and other institutional investors have recently modified their holdings of COTY. AlphaGrep UK Ltd purchased a new stake in Coty in the second quarter worth $25,000. Ground Swell Capital LLC purchased a new position in Coty during the 1st quarter valued at $27,000. Avantax Planning Partners Inc. purchased a new position in Coty during the 1st quarter valued at $37,000. WINTON GROUP Ltd bought a new position in Coty in the 2nd quarter worth $48,000. Finally, Kestra Private Wealth Services LLC bought a new position in Coty in the 1st quarter worth $47,000. 42.36% of the stock is owned by institutional investors.

Coty Trading Up 0.9%

Shares of Coty stock opened at $2.67 on Wednesday. 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 has a 1 year low of $1.82 and a 1 year high of $4.47. The firm has a market cap of $2.36 billion, a PE ratio of -3.82, a PEG ratio of 0.51 and a beta of 0.90. The company has a 50 day simple moving average of $2.74 and a two-hundred day simple moving average of $2.38.

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

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 both prestige and mass-market beauty, with products sold through department stores, specialty retailers, e-commerce channels and other distribution partners.

The company owns or operates a range of well-known brands, including CoverGirl, Rimmel London, Sally Hansen and Max Factor, and develops fragrance and beauty products under licensed fashion and luxury names such as Gucci, Burberry, Calvin Klein, Hugo Boss and Marc Jacobs.