Coty (NYSE:COTY) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts have assigned Coty an average recommendation of "Hold," with 2 sell ratings, 4 buy ratings, and 13 holds from covering brokerages.
• Coty's recent quarterly earnings reported an EPS of ($0.05), missing estimates, despite revenue of $1.25 billion, which was above analysts' expectations.
• Several research firms have reduced their price targets for Coty, with the average target now at $6.19, indicating a bearish outlook on the stock's performance.

Shares of Coty (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 analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $6.1921.

A number of research firms have recently commented on COTY. JPMorgan Chase & Co. dropped their target price on shares of Coty from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Canaccord Genuity Group dropped their price objective on shares of Coty from $5.00 to $4.00 and set a "hold" rating for the company in a research note on Friday. The Goldman Sachs Group decreased their target price on shares of Coty from $6.00 to $4.50 and set a "neutral" rating on the stock in a research note on Friday. Wells Fargo & Company lowered their price target on shares of Coty from $5.00 to $4.00 and set an "equal weight" rating for the company in a report on Friday. Finally, Morgan Stanley cut their price objective on Coty from $5.00 to $4.25 and set an "equal weight" rating on the stock in a report on Monday.

Coty Trading Down 3.1%

Shares of COTY stock opened at $3.81 on Tuesday. Coty has a fifty-two week low of $3.75 and a fifty-two week high of $9.97. The stock's fifty day moving average price is $4.84 and its two-hundred day moving average price is $5.11. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.46 and a current ratio of 0.77. The company has a market cap of $3.32 billion, a PE ratio of -8.66, a P/E/G ratio of 0.35 and a beta of 2.00.

Coty (NYSE:COTY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.06). The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. Coty had a positive return on equity of 5.18% and a negative net margin of 6.24%.Coty's quarterly revenue was down 8.1% on a year-over-year basis. During the same period last year, the firm posted ($0.03) EPS. Equities analysts predict that Coty will post 0.39 EPS for the current fiscal year.

Institutional Trading of Coty

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in Coty by 140.2% in the 1st quarter. GAMMA Investing LLC now owns 5,506 shares of the company's stock valued at $30,000 after buying an additional 3,214 shares during the last quarter. UMB Bank n.a. increased its position in Coty by 137.1% in the 2nd quarter. UMB Bank n.a. now owns 6,851 shares of the company's stock valued at $32,000 after acquiring an additional 3,962 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of 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 during the last quarter. Shay Capital LLC acquired a new position in shares of Coty during the second quarter worth $46,000. Finally, FORA Capital LLC bought a new stake in shares of Coty in the second quarter worth $47,000. 42.36% of the stock is currently owned by institutional investors.

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.

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