Brokerages Set Coty Inc. (NYSE:COTY) Target Price at $7.80

Shares of Coty Inc. (NYSE:COTY - Get Free Report) have earned a consensus recommendation of "Hold" from the nineteen analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $7.80.

COTY has been the subject of several analyst reports. Royal Bank of Canada decreased their price objective on Coty from $13.00 to $12.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Bank of America cut Coty from a "buy" rating to an "underperform" rating and cut their price target for the stock from $9.00 to $4.50 in a report on Tuesday, April 15th. Citigroup cut their price target on shares of Coty from $8.00 to $6.50 and set a "buy" rating on the stock in a report on Thursday, May 8th. Wells Fargo & Company restated a "positive" rating on shares of Coty in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group lowered their price objective on shares of Coty from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Thursday, May 8th.

Coty Price Performance

Shares of COTY traded up $0.10 during mid-day trading on Friday, reaching $4.96. The company had a trading volume of 5,573,584 shares, compared to its average volume of 5,581,773. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. The company has a market capitalization of $4.32 billion, a P/E ratio of -495.50, a P/E/G ratio of 0.81 and a beta of 1.90. The company's 50-day moving average is $5.12 and its 200-day moving average is $6.24. Coty has a twelve month low of $4.46 and a twelve month high of $10.80.

Coty (NYSE:COTY - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Coty had a net margin of 0.22% and a return on equity of 6.34%. The business's revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 earnings per share. On average, equities analysts anticipate that Coty will post 0.39 EPS for the current year.

Institutional Investors Weigh In On Coty

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its position in Coty by 147.1% in the 3rd quarter. Barclays PLC now owns 1,165,806 shares of the company's stock worth $10,947,000 after purchasing an additional 693,961 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Coty during the 4th quarter worth about $267,000. PFG Investments LLC acquired a new stake in Coty during the fourth quarter worth about $75,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of Coty in the fourth quarter valued at approximately $74,000. Finally, Blue Trust Inc. lifted its holdings in Coty by 124.8% in the 4th quarter. Blue Trust Inc. now owns 6,984 shares of the company's stock valued at $49,000 after purchasing an additional 3,877 shares in the last quarter. 42.36% of the stock is owned by hedge funds and other institutional investors.

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.