Coty (NYSE:COTY) Coverage Initiated by Analysts at The Goldman Sachs Group

Equities research analysts at The Goldman Sachs Group initiated coverage on shares of Coty (NYSE:COTY) in a research note issued to investors on Friday,Briefing.com Automated Import reports. The brokerage set a “neutral” rating and a $9.00 price target on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 20.56% from the stock’s previous close.

COTY has been the topic of several other research reports. JPMorgan Chase & Co. cut their target price on Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Stifel Nicolaus dropped their price target on Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Tuesday, October 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $14.00 price target on shares of Coty in a research report on Tuesday, October 15th. Raymond James dropped their price target on Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $14.00 price objective on shares of Coty in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $11.41.

Coty Price Performance

Shares of COTY stock opened at $7.47 on Friday. The stock’s fifty day moving average is $7.73 and its 200-day moving average is $8.99. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. The stock has a market capitalization of $6.49 billion, a PE ratio of 43.91, a PEG ratio of 0.75 and a beta of 1.89. Coty has a 52 week low of $6.93 and a 52 week high of $13.30.

Coty (NYSE:COTY) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. Coty’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 EPS. Equities research analysts expect that Coty will post 0.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Coty

Several large investors have recently added to or reduced their stakes in COTY. Point72 Asset Management L.P. increased its holdings in Coty by 789.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company’s stock valued at $55,932,000 after purchasing an additional 4,954,362 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Coty by 1,798.5% during the 3rd quarter. SG Americas Securities LLC now owns 1,847,328 shares of the company’s stock valued at $17,346,000 after buying an additional 1,750,021 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Coty by 42.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock valued at $52,984,000 after buying an additional 1,687,045 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Coty by 733.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company’s stock worth $19,038,000 after purchasing an additional 1,671,897 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Coty by 10.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock worth $94,068,000 after buying an additional 890,626 shares in the last quarter. Institutional investors own 42.36% of the company’s stock.

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.