Coty Inc. (COTY) PT Lowered to $22.00

Coty Inc. (NYSE:COTY) had its price objective lowered by equities researchers at BMO Capital Markets from $24.00 to $22.00 in a note issued to investors on Friday, November 10th. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 29.56% from the stock’s previous close.

COTY has been the topic of several other research reports. Berenberg Bank lowered Coty from a “hold” rating to a “sell” rating and decreased their price target for the company from $17.50 to $15.00 in a research note on Wednesday, August 30th. DA Davidson started coverage on Coty in a research note on Tuesday, October 17th. They set a “neutral” rating and a $17.50 price target on the stock. Royal Bank Of Canada reissued a “hold” rating and set a $18.00 price objective on shares of Coty in a report on Friday, October 20th. Bank of America Corporation reduced their target price on Coty from $23.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, August 23rd. Finally, Wells Fargo & Company reissued a “hold” rating and set a $17.00 price objective on shares of Coty in a report on Thursday, November 9th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. Coty currently has an average rating of “Hold” and a consensus target price of $19.30.

Shares of Coty (COTY) traded up $0.11 during midday trading on Friday, hitting $16.98. The company had a trading volume of 3,266,491 shares, compared to its average volume of 5,603,983. Coty has a 1-year low of $14.24 and a 1-year high of $20.88. The company has a market cap of $12,730.00, a PE ratio of 30.67, a price-to-earnings-growth ratio of 1.71 and a beta of 0.32. The company has a current ratio of 1.08, a quick ratio of 0.78 and a debt-to-equity ratio of 0.80.

Coty (NYSE:COTY) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.24 billion. Coty had a positive return on equity of 4.26% and a negative net margin of 5.02%. The firm’s revenue for the quarter was up 107.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 earnings per share. analysts predict that Coty will post 0.67 EPS for the current fiscal year.

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In other news, major shareholder Cosmetics B.V. Jab bought 2,600,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was bought at an average price of $16.30 per share, with a total value of $42,380,000.00. Following the completion of the transaction, the insider now directly owns 276,408,041 shares of the company’s stock, valued at approximately $4,505,451,068.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ayesha Zafar bought 21,570 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were purchased at an average cost of $17.11 per share, with a total value of $369,062.70. Following the transaction, the senior vice president now directly owns 10,000 shares of the company’s stock, valued at $171,100. The disclosure for this purchase can be found here. Insiders acquired a total of 12,862,867 shares of company stock worth $215,208,751 over the last 90 days. Insiders own 1.00% of the company’s stock.

About Coty

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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