Coty (NYSE:COTY) Receives $7.80 Average PT from Brokerages

Key Points

• Coty has received a consensus recommendation of "Hold" from 19 research firms, with 2 analysts recommending a sell and 9 recommending a buy.
• The average 1-year price target for Coty is $7.80, while recent downgrades have set targets as low as $4.50.
• In the latest quarterly earnings report, Coty missed analysts' expectations, reporting $0.01 EPS compared to a consensus estimate of $0.05.

Shares of Coty (NYSE:COTY - Get Free Report) have earned a consensus rating of "Hold" from the nineteen brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $7.7974.

COTY has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on Coty from $6.00 to $5.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. The Goldman Sachs Group dropped their target price on Coty from $8.00 to $6.00 and set a "neutral" rating on the stock 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 objective for the company. in a research note on Friday, April 11th. Raymond James Financial lowered Coty from an "outperform" rating to a "market perform" rating in a research note on Thursday, April 17th. Finally, Wells Fargo & Company reissued a "positive" rating on shares of Coty in a report on Wednesday, April 16th.

Coty Trading Down 0.1%

Shares of COTY traded down $0.01 during mid-day trading on Friday, hitting $4.73. The company had a trading volume of 1,591,912 shares, compared to its average volume of 7,723,808. The business's 50-day simple moving average is $4.93 and its 200-day simple moving average is $5.40. The stock has a market cap of $4.12 billion, a PE ratio of -9.84, a P/E/G ratio of 0.64 and a beta of 2.00. The company has a quick ratio of 0.51, a current ratio of 0.82 and a debt-to-equity ratio of 1.03. Coty has a 1-year low of $4.46 and a 1-year high of $10.30.

Coty (NYSE:COTY - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). The firm had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.31 billion. Coty had a positive return on equity of 5.61% and a negative net margin of 6.60%. The business's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.05 earnings per share. Sell-side analysts forecast that Coty will post 0.39 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Coty by 5.8% in the first quarter. Vanguard Group Inc. now owns 37,645,488 shares of the company's stock worth $205,921,000 after purchasing an additional 2,055,771 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Coty by 10.5% during the first quarter. Ameriprise Financial Inc. now owns 22,346,995 shares of the company's stock valued at $122,239,000 after purchasing an additional 2,132,613 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Coty by 13.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 13,318,685 shares of the company's stock valued at $92,697,000 after purchasing an additional 1,569,315 shares during the last quarter. Norges Bank purchased a new stake in shares of Coty during the fourth quarter valued at $44,401,000. Finally, Millennium Management LLC lifted its stake in Coty by 58.7% in the 4th quarter. Millennium Management LLC now owns 4,585,632 shares of the company's stock worth $31,916,000 after acquiring an additional 1,695,358 shares in the last quarter. Institutional investors own 42.36% of the company's stock.

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.