Coty (NYSE:COTY) Receives Average Recommendation of "Reduce" from Brokerages

Key Points

• Analysts maintain a cautious view of Coty: Thirteen brokerages give the stock an average “Reduce” rating, including two sells and eleven holds. The average 12-month price target is $3.24.
• Coty’s shares opened at $2.69, with a 52-week range of $1.82 to $4.47 and a market capitalization of approximately $2.36 billion.
• In its latest quarter, Coty reported $1.27 billion in revenue, beating estimates, but its adjusted loss of $0.02 per share missed expectations by $0.01. Revenue increased 1.3% year over year, while net margin remained negative.

Shares of Coty (NYSE:COTY - Get Free Report) have earned an average recommendation of "Reduce" from the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and eleven have issued a hold recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $3.24.

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

Coty Stock Performance

NYSE COTY opened at $2.69 on Wednesday. Coty has a 52-week low of $1.82 and a 52-week high of $4.47. The company has a fifty day moving average of $2.74 and a 200-day moving average of $2.37. The company has a market capitalization of $2.36 billion, a P/E ratio of -3.84, a P/E/G ratio of 0.52 and a beta of 0.95. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.42 and a current ratio of 0.75.

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

Institutional Trading of Coty

Several large investors have recently modified their holdings of the business. AlphaGrep UK Ltd bought a new stake in shares of Coty in the 2nd quarter worth approximately $25,000. Ground Swell Capital LLC bought a new position in shares of Coty during the first quarter valued at approximately $27,000. Avantax Planning Partners Inc. bought a new position in shares of Coty during the first quarter valued at approximately $37,000. WINTON GROUP Ltd purchased a new stake in Coty in the second quarter worth $48,000. Finally, Kestra Private Wealth Services LLC purchased a new stake in Coty in the first quarter worth $47,000. 42.36% of the stock is owned by institutional investors.

About Coty

Coty Inc is a global beauty company that develops, manufactures and markets fragrances, color cosmetics, skin care and body care products. Its portfolio spans prestige and mass-market beauty, with products sold through department stores, specialty retailers, drugstores, e-commerce channels and other distribution networks.

The company's brands include CoverGirl, Rimmel London, Sally Hansen, Max Factor and Bourjois, as well as prestige fragrance and beauty brands such as Gucci, Burberry, Calvin Klein, Marc Jacobs, Chloé, Hugo Boss, philosophy and Lancaster.

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