Coty Inc. (NYSE:COTY) Receives $13.01 Average Target Price from Analysts

Shares of Coty Inc. (NYSE:COTY) have been assigned an average rating of “Moderate Buy” from the fourteen analysts that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $12.94.

A number of research analysts have issued reports on the company. TD Cowen reduced their price target on Coty from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Canaccord Genuity Group assumed coverage on Coty in a research report on Monday, April 15th. They set a “buy” rating and a $14.00 price target for the company. Bank of America dropped their price objective on Coty from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. DA Davidson dropped their price objective on Coty from $17.50 to $16.50 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. Finally, Piper Sandler dropped their price objective on Coty from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th.

Coty Trading Up 2.3 %

Shares of COTY stock opened at $9.91 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.50 and a current ratio of 0.80. Coty has a 1 year low of $9.02 and a 1 year high of $13.30. The stock has a fifty day moving average of $10.05 and a two-hundred day moving average of $11.21. The firm has a market capitalization of $8.60 billion, a PE ratio of 43.09, a price-to-earnings-growth ratio of 3.40 and a beta of 1.91.

Coty (NYSE:COTY) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Coty had a return on equity of 8.75% and a net margin of 3.59%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the firm posted $0.19 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. As a group, research analysts expect that Coty will post 0.44 EPS for the current year.

Institutional Investors Weigh In On Coty

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in Coty during the fourth quarter valued at $67,193,000. Vanguard Group Inc. raised its position in Coty by 12.1% during the third quarter. Vanguard Group Inc. now owns 39,281,692 shares of the company’s stock valued at $430,920,000 after buying an additional 4,245,039 shares during the period. Sea Cliff Partners Management LP acquired a new position in Coty during the fourth quarter valued at $24,803,000. Assenagon Asset Management S.A. raised its position in Coty by 733.0% during the second quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company’s stock valued at $19,038,000 after buying an additional 1,671,897 shares during the period. Finally, Prevatt Capital Ltd acquired a new position in Coty during the fourth quarter valued at $19,251,000. 42.36% of the stock is owned by institutional investors and hedge funds.

About Coty

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.