Coty (NYSE:COTY) Stock Has Average Price Target of $3.21

Key Points

• Analysts remain cautious on Coty: Thirteen firms give the stock an average “Reduce” rating, including two sells, ten holds and one buy. The average 12-month price target is $3.21.
• Coty shares opened at $3.23, above the consensus price target, with a 12-month trading range of $1.82 to $4.18 and a market capitalization of about $2.85 billion.
• Institutional ownership stands at 42.36%, with several hedge funds increasing their positions. In its latest quarter, revenue rose 1.3% year over year to $1.27 billion, but EPS of negative $0.02 missed analyst expectations.

Coty (NYSE:COTY - Get Free Report) has been given an average recommendation of "Reduce" by the thirteen ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $3.21.

A number of analysts have issued reports on COTY shares. Citigroup boosted their price target on shares of Coty from $2.80 to $3.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 14th. Morgan Stanley upped their target price on shares of Coty from $2.50 to $2.75 and gave the stock an "equal weight" rating in a research note on Tuesday, August 25th. The Goldman Sachs Group reiterated a "neutral" rating and set a $2.60 target price on shares of Coty in a report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $3.00 price target on shares of Coty in a research report on Friday, August 21st. Finally, Weiss Ratings raised shares of Coty from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, October 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised its position in Coty by 11.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 6,871,724 shares of the company's stock valued at $14,843,000 after purchasing an additional 684,052 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Coty by 2,300.9% during the first quarter. Pacer Advisors Inc. now owns 2,953,407 shares of the company's stock worth $5,936,000 after buying an additional 2,830,397 shares in the last quarter. First Trust Advisors LP grew its position in shares of Coty by 827.5% during the first quarter. First Trust Advisors LP now owns 2,018,890 shares of the company's stock worth $4,058,000 after buying an additional 1,801,209 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Coty by 177.6% during the first quarter. Renaissance Technologies LLC now owns 1,311,687 shares of the company's stock worth $2,636,000 after buying an additional 839,257 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new stake in shares of Coty during the first quarter worth approximately $2,536,000. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Coty Stock Up 0.7%

Shares of NYSE:COTY opened at $3.23 on Friday. The business has a 50-day moving average price of $2.81 and a 200 day moving average price of $2.48. The company has a current ratio of 0.75, a quick ratio of 0.42 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of -4.62, a PEG ratio of 0.62 and a beta of 0.90. Coty has a 12-month low of $1.82 and a 12-month high of $4.18.

Coty (NYSE:COTY - Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The company reported ($0.02) 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 firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the company earned ($0.05) earnings per share. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. Coty has set its Q1 2027 guidance at 0.110-0.130 EPS. Sell-side analysts expect that Coty will post 0.31 EPS for the current year.

Coty Company Profile

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

The company's brands have included CoverGirl, Rimmel London, Max Factor, Bourjois, Gucci Beauty, Calvin Klein, Marc Jacobs, Burberry, Hugo Boss and Chloé, among others. Coty also participates in professional beauty through hair-care and salon brands, including the Wella portfolio.

Founded in Paris in 1904 by François Coty, the company built its early reputation in fragrance before expanding into broader beauty categories and international markets.

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