Coty (NYSE:COTY) Earns "Outperform" Rating from Royal Bank Of Canada

Key Points

• Royal Bank of Canada has reaffirmed an "outperform" rating for Coty, with a price target of $12.00, indicating a potential upside of 139.76% from its recent closing price.
• Analysts remain divided on Coty, with two rating it as a sell, eight as hold, and nine as buy, leading to a consensus rating of "Hold" and an average price target of $7.80.
• Recent trading data shows Coty stock at $5.01 with a market cap of $4.36 billion, and notable activity from institutional investors increasing their stakes significantly in the company.

Royal Bank Of Canada restated their outperform rating on shares of Coty (NYSE:COTY - Free Report) in a report issued on Monday morning,Benzinga reports. The firm currently has a $12.00 target price on the stock.

Other equities research analysts have also recently issued reports about the stock. Citigroup lowered their price objective on shares of Coty from $8.00 to $6.50 and set a "buy" rating for the company in a research report on Thursday, May 8th. Canaccord Genuity Group reaffirmed a "hold" rating and set a $5.00 price target (down previously from $8.00) on shares of Coty in a research note on Thursday, May 8th. JPMorgan Chase & Co. lowered their price target on Coty from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, The Goldman Sachs Group dropped their price objective on Coty from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $7.80.

Coty Trading Down 0.9%

COTY traded down $0.0450 during trading hours on Monday, reaching $4.8450. 21,690,730 shares of the company's stock traded hands, compared to its average volume of 5,931,427. The firm has a 50-day moving average price of $4.90 and a 200 day moving average price of $5.19. The firm has a market capitalization of $4.22 billion, a PE ratio of -10.09, a PEG ratio of 0.68 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 52-week low of $4.46 and a 52-week high of $10.30.

Coty (NYSE:COTY - Get Free Report) last released its earnings results on Wednesday, August 20th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.07). Coty had a positive return on equity of 5.61% and a negative net margin of 6.60%.The firm's revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.03) earnings per share. As a group, sell-side analysts predict that Coty will post 0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Coty

A number of large investors have recently made changes to their positions in COTY. Vanguard Group Inc. raised its stake in Coty by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 37,645,488 shares of the company's stock worth $205,921,000 after acquiring an additional 2,055,771 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Coty by 0.8% in the second quarter. BNP Paribas Financial Markets now owns 34,460,292 shares of the company's stock valued at $160,240,000 after purchasing an additional 267,261 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Coty by 10.5% in the first quarter. Ameriprise Financial Inc. now owns 22,346,995 shares of the company's stock worth $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 worth $92,697,000 after purchasing an additional 1,569,315 shares during the period. Finally, Norges Bank purchased a new stake in Coty in the second quarter valued at approximately $52,449,000. 42.36% of the stock is owned by hedge funds and other 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.