Coty Inc. (NYSE:COTY) Given Consensus Recommendation of "Hold" by Brokerages

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

A number of equities research analysts recently issued reports on the stock. Citigroup dropped their price objective on shares of Coty from $8.00 to $6.50 and set a "buy" rating for the company in a report on Thursday, May 8th. Raymond James lowered shares of Coty from an "outperform" rating to a "market perform" rating in a research note on Thursday, April 17th. Stifel Nicolaus lowered their target price on shares of Coty from $8.00 to $6.50 and set a "hold" rating for the company in a research note on Thursday, April 10th. Royal Bank of Canada lowered their target price on shares of Coty from $13.00 to $12.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Finally, Piper Sandler lowered their target price on shares of Coty from $9.00 to $8.00 and set an "overweight" rating for the company in a research note on Monday, February 24th.

Institutional Trading of Coty

Several hedge funds have recently added to or reduced their stakes in COTY. Norges Bank acquired a new stake in Coty in the fourth quarter valued at approximately $44,401,000. Amundi raised its holdings in Coty by 1,990,624.9% in the fourth quarter. Amundi now owns 4,479,131 shares of the company's stock valued at $30,503,000 after acquiring an additional 4,478,906 shares in the last quarter. Man Group plc acquired a new stake in Coty in the fourth quarter valued at approximately $28,473,000. AQR Capital Management LLC raised its holdings in Coty by 456.9% in the first quarter. AQR Capital Management LLC now owns 4,063,070 shares of the company's stock valued at $21,981,000 after acquiring an additional 3,333,511 shares in the last quarter. Finally, Caisse Des Depots ET Consignations acquired a new stake in Coty during the fourth quarter worth approximately $19,663,000. Institutional investors and hedge funds own 42.36% of the company's stock.

Coty Price Performance

Shares of NYSE COTY traded down $0.30 during mid-day trading on Thursday, reaching $4.74. The company's stock had a trading volume of 9,809,822 shares, compared to its average volume of 5,861,512. The stock has a 50-day moving average of $4.96 and a two-hundred day moving average of $5.94. The stock has a market capitalization of $4.13 billion, a P/E ratio of -473.50, a P/E/G ratio of 0.81 and a beta of 1.96. 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 1-year low of $4.46 and a 1-year high of $10.54.

Coty (NYSE:COTY - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the company earned $0.05 earnings per share. Coty's quarterly revenue was down 6.2% on a year-over-year basis. On average, equities research analysts anticipate that Coty will post 0.39 EPS for the current fiscal year.

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.