Coty Inc. (NYSE:COTY) Receives Consensus Rating of "Hold" from Brokerages

Shares of Coty Inc. (NYSE:COTY - Get Free Report) have been assigned an average recommendation of "Hold" from the nineteen brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $7.80.

COTY has been the subject of a number of analyst reports. Wells Fargo & Company reiterated a "positive" rating on shares of Coty in a research note on Wednesday, April 16th. Canaccord Genuity Group reiterated a "hold" rating and set a $5.00 price target (down previously from $8.00) on shares of Coty in a report on Thursday, May 8th. BNP Paribas lowered Coty from an "outperform" rating to a "neutral" rating and set a $5.65 price target for the company. in a research report on Friday, April 11th. Evercore ISI cut their price objective on shares of Coty from $15.00 to $10.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Finally, Morgan Stanley reduced their target price on shares of Coty from $9.00 to $7.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th.

Institutional Trading of Coty

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC grew its holdings in Coty by 317.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock valued at $29,000 after buying an additional 3,186 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Coty by 140.2% in the first quarter. GAMMA Investing LLC now owns 5,506 shares of the company's stock valued at $30,000 after acquiring an additional 3,214 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in Coty by 1,006.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 7,304 shares of the company's stock valued at $40,000 after acquiring an additional 6,644 shares in the last quarter. Allworth Financial LP increased its holdings in Coty by 145.0% during the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company's stock worth $42,000 after acquiring an additional 3,328 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in Coty by 55.3% in the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock worth $51,000 after purchasing an additional 2,601 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors.

Coty Stock Down 0.8%

Coty stock traded down $0.04 during mid-day trading on Thursday, reaching $5.03. The stock had a trading volume of 10,132,457 shares, compared to its average volume of 5,827,311. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. Coty has a fifty-two week low of $4.46 and a fifty-two week high of $10.54. The stock's 50-day simple moving average is $4.96 and its 200-day simple moving average is $5.98. The firm has a market capitalization of $4.39 billion, a PE ratio of -503.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.96.

Coty (NYSE:COTY - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). Coty had a net margin of 0.22% and a return on equity of 6.34%. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the firm posted $0.05 EPS. The business's revenue for the quarter was down 6.2% compared to the same quarter last year. On average, sell-side analysts forecast that Coty will post 0.39 EPS for the current fiscal year.

Coty Company Profile

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.