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

Shares of Coty Inc. (NYSE:COTY - Get Free Report) have been assigned a consensus recommendation of "Hold" from the nineteen brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $8.24.

COTY has been the subject of a number of analyst reports. DA Davidson reaffirmed a "buy" rating and set a $12.50 price objective on shares of Coty in a research report on Thursday, February 6th. Canaccord Genuity Group reduced their price target on Coty from $10.00 to $8.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Piper Sandler dropped their price target on shares of Coty from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Evercore ISI reduced their price objective on shares of Coty from $15.00 to $10.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Coty from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th.

Institutional Trading of Coty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Coty during the 4th quarter worth $44,401,000. Amundi lifted its position in Coty by 1,990,624.9% during the fourth quarter. Amundi now owns 4,479,131 shares of the company's stock valued at $30,503,000 after purchasing an additional 4,478,906 shares in the last quarter. Man Group plc purchased a new position in Coty during the fourth quarter valued at $28,473,000. Caisse Des Depots ET Consignations bought a new stake in Coty during the fourth quarter valued at about $19,663,000. Finally, Assenagon Asset Management S.A. increased its position in Coty by 162.2% in the first quarter. Assenagon Asset Management S.A. now owns 4,300,292 shares of the company's stock worth $23,523,000 after buying an additional 2,660,221 shares in the last quarter. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Stock Up 0.1 %

Shares of NYSE:COTY traded up $0.01 during midday trading on Wednesday, reaching $4.98. The company's stock had a trading volume of 885,674 shares, compared to its average volume of 5,292,573. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The firm has a 50 day moving average of $5.37 and a 200-day moving average of $6.58. The firm has a market capitalization of $4.34 billion, a P/E ratio of -498.50, a PEG ratio of 0.81 and a beta of 1.75. Coty has a 12-month low of $4.56 and a 12-month high of $11.77.

Coty (NYSE:COTY - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. On average, research analysts anticipate that Coty will post 0.39 earnings per share for the current 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.