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.
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.
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.
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