Coty (NYSE:COTY) Given Consensus Rating of "Hold" by Analysts

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 received a consensus rating of "Hold" from the nineteen brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $7.80.

A number of brokerages have commented on COTY. Bank of America cut Coty from a "buy" rating to an "underperform" rating and reduced their target price for the company from $9.00 to $4.50 in a report on Tuesday, April 15th. Wells Fargo & Company reiterated a "positive" rating on shares of Coty in a research report on Wednesday, April 16th. BNP Paribas lowered Coty from an "outperform" rating to a "neutral" rating and set a $5.65 price objective on the stock. in a report on Friday, April 11th. Stifel Nicolaus lowered their target price on shares of Coty from $8.00 to $6.50 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Finally, The Goldman Sachs Group dropped their target price 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.

Institutional Trading of Coty

A number of hedge funds and other institutional investors have recently made changes to their positions in COTY. Vanguard Group Inc. increased its position in shares of Coty by 5.8% during the first quarter. Vanguard Group Inc. now owns 37,645,488 shares of the company's stock valued at $205,921,000 after acquiring an additional 2,055,771 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Coty by 10.5% in the 1st 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 increased its holdings in Coty by 13.4% in the 4th 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 Coty in the fourth quarter valued at approximately $44,401,000. Finally, Millennium Management LLC lifted its stake in Coty by 58.7% during the fourth quarter. Millennium Management LLC now owns 4,585,632 shares of the company's stock worth $31,916,000 after purchasing an additional 1,695,358 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company's stock.

Coty Price Performance

NYSE:COTY traded down $0.13 during trading hours on Friday, reaching $4.72. 6,689,420 shares of the company were exchanged, compared to its average volume of 6,944,613. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 1.03. The firm has a market cap of $4.12 billion, a PE ratio of -9.83, a price-to-earnings-growth ratio of 0.66 and a beta of 2.00. Coty has a twelve month low of $4.46 and a twelve month high of $10.30. The stock's 50-day moving average is $4.93 and its 200-day moving average is $5.43.

Coty (NYSE:COTY - Get Free Report) last released 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 positive return on equity of 5.61% and a negative net margin of 6.60%. The company had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same period in the prior year, the firm earned $0.05 EPS. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. On average, sell-side analysts anticipate that Coty will post 0.39 earnings per share 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.