DA Davidson Initiates Coverage on Coty Inc. (NYSE:COTY)

DA Davidson assumed coverage on shares of Coty Inc. (NYSE:COTY) in a report published on Tuesday, October 17th. The firm issued a neutral rating and a $17.50 price target on the stock.

COTY has been the topic of several other reports. Deutsche Bank AG reissued a buy rating and issued a $20.00 price objective (down from $22.00) on shares of Coty in a report on Wednesday, August 23rd. KeyCorp reaffirmed a hold rating on shares of Coty in a research note on Monday, October 16th. BMO Capital Markets reaffirmed a buy rating and issued a $24.00 price target on shares of Coty in a research note on Thursday, October 5th. BidaskClub raised Coty from a strong sell rating to a sell rating in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada reaffirmed a hold rating and issued a $22.00 price target on shares of Coty in a research note on Sunday, July 16th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. Coty currently has a consensus rating of Hold and an average price target of $19.57.

Shares of Coty (NYSE:COTY) traded up $0.15 during mid-day trading on Tuesday, reaching $14.51. The company had a trading volume of 5,088,616 shares, compared to its average volume of 4,860,000. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.66 and a current ratio of 0.94. The stock has a market capitalization of $11,040.00, a PE ratio of 21.12, a P/E/G ratio of 1.43 and a beta of 0.32. Coty has a 52 week low of $14.24 and a 52 week high of $22.32.

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In other news, insider Sylvie Moreau acquired 48,153 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were purchased at an average price of $16.79 per share, for a total transaction of $808,488.87. Following the acquisition, the insider now owns 97,035 shares of the company’s stock, valued at $1,629,217.65. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Ayesha Zafar purchased 21,570 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were bought at an average price of $17.11 per share, for a total transaction of $369,062.70. Following the acquisition, the senior vice president now owns 10,000 shares in the company, valued at $171,100. The disclosure for this purchase can be found here. Insiders acquired 2,979,505 shares of company stock worth $48,661,242 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Coty Company Profile

Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.

Analyst Recommendations for Coty (NYSE:COTY)

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