Coty (NYSE:COTY) Given Consensus Rating of “Reduce” by Brokerages

Coty (NYSE:COTY) has been assigned a consensus rating of “Reduce” from the seventeen analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $3.7036.

Several brokerages recently commented on COTY. Weiss Ratings reissued a “sell (e+)” rating on shares of Coty in a research note on Friday, August 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $8.00 target price on shares of Coty in a research note on Monday, May 4th. Citigroup upped their price target on shares of Coty from $2.50 to $2.80 and gave the stock a “neutral” rating in a report on Thursday, May 7th. TD Cowen raised their price objective on Coty from $2.30 to $2.90 and gave the company a “hold” rating in a report on Thursday, May 7th. Finally, Morgan Stanley set a $2.50 price objective on Coty in a report on Thursday, May 7th.

Coty Trading Up 3.5%

COTY opened at $2.85 on Tuesday. The company has a market cap of $2.51 billion, a P/E ratio of -4.59, a PEG ratio of 0.82 and a beta of 0.97. The company has a current ratio of 0.82, a quick ratio of 0.49 and a debt-to-equity ratio of 0.97. The company’s 50 day moving average is $2.38 and its 200-day moving average is $2.37. Coty has a 1-year low of $1.82 and a 1-year high of $5.08.

Institutional Trading of Coty

A number of hedge funds have recently made changes to their positions in COTY. Ground Swell Capital LLC bought a new stake in shares of Coty during the first quarter worth about $27,000. Robeco Institutional Asset Management B.V. acquired a new stake in Coty during the 4th quarter worth approximately $32,000. Cornerstone Wealth Management LLC acquired a new stake in Coty during the 4th quarter worth approximately $37,000. North Dakota State Investment Board bought a new stake in Coty during the 4th quarter worth approximately $37,000. Finally, Avantax Planning Partners Inc. bought a new stake in Coty during the 1st quarter worth approximately $37,000. 42.36% of the stock is owned by institutional investors and hedge funds.

About Coty

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty’s portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company’s product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.