Coty (NYSE:COTY) Given Consensus Recommendation of "Reduce" by Analysts

Key Points

• Analysts have a consensus “Reduce” rating on Coty, with two sell ratings and 12 hold ratings; the average 12-month price target is $3.39.
• Coty’s latest quarterly revenue rose 1.3% year over year to $1.27 billion, beating estimates, but EPS of negative $0.02 missed consensus by $0.01.
• Institutional investors and hedge funds own 42.36% of Coty, while the stock recently traded at $2.93, between its 12-month low of $1.82 and high of $4.56.

Coty (NYSE:COTY - Get Free Report) has earned a consensus rating of "Reduce" from the fourteen analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $3.3917.

COTY has been the subject of several research analyst reports. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $2.60 price objective on shares of Coty in a report on Thursday, August 20th. Weiss Ratings restated a "sell (e+)" rating on shares of Coty in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $3.00 price target on shares of Coty in a research note on Friday, August 21st. Royal Bank Of Canada cut shares of Coty from an "outperform" rating to a "sector perform" rating and set a $3.00 price objective for the company. in a report on Thursday, August 20th. Finally, Morgan Stanley raised their price objective on shares of Coty from $2.50 to $2.75 and gave the company an "equal weight" rating in a research note on Tuesday, August 25th.

Hedge Funds Weigh In On Coty

Several hedge funds have recently modified their holdings of COTY. Credit Agricole S A acquired a new stake in shares of Coty in the third quarter valued at $63,824,000. Norges Bank acquired a new position in Coty during the fourth quarter worth about $41,867,000. Two Sigma Investments LP raised its position in Coty by 793.5% in the third quarter. Two Sigma Investments LP now owns 4,401,554 shares of the company's stock worth $17,782,000 after acquiring an additional 3,908,955 shares in the last quarter. Squarepoint Ops LLC bought a new stake in Coty in the second quarter worth about $15,829,000. Finally, Contrarius Group Holdings Ltd acquired a new stake in Coty in the 4th quarter valued at about $10,135,000. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Coty Price Performance

COTY opened at $2.93 on Friday. Coty has a 12 month low of $1.82 and a 12 month high of $4.56. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.75 and a quick ratio of 0.42. The stock has a market cap of $2.58 billion, a P/E ratio of -4.19, a P/E/G ratio of 0.57 and a beta of 0.95. The stock's 50 day moving average price is $2.63 and its 200 day moving average price is $2.36.

Coty (NYSE:COTY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). Coty had a positive return on equity of 5.68% and a negative net margin of 10.42%.The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm posted ($0.05) EPS. The company's revenue was up 1.3% compared to the same quarter last year. Coty has set its Q1 2027 guidance at 0.110-0.130 EPS. As a group, research analysts predict that Coty will post 0.31 earnings per share for the current year.

Coty Company Profile

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty's portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company's product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.

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