Coty (NYSE:COTY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Coty (NYSE:COTY) from a hold rating to a buy rating in a report issued on Saturday,Wall Street Zen reports.

Several other research firms have also commented on COTY. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.60 price objective on shares of Coty in a research note on Thursday, August 20th. TD Cowen initiated coverage on shares of Coty in a research note on Friday, October 30th. They issued a “hold” rating on the stock. Weiss Ratings downgraded shares of Coty from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, October 30th. Morgan Stanley raised their target price on shares of Coty from $2.50 to $2.75 and gave the stock an “equal weight” rating in a report on Tuesday, August 25th. Finally, Citigroup lifted their price target on shares of Coty from $2.80 to $3.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 14th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $3.35.

Coty Trading Up 4.9%

Shares of COTY stock opened at $4.25 on Friday. Coty has a 1 year low of $1.82 and a 1 year high of $4.34. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.75 and a quick ratio of 0.42. The stock’s 50 day simple moving average is $2.97 and its two-hundred day simple moving average is $2.55. The company has a market cap of $3.74 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 0.67 and a beta of 0.83.

Coty (NYSE:COTY) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.53 billion. Coty had a positive return on equity of 7.05% and a negative net margin of 9.74%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the company earned $0.12 EPS. Research analysts predict that Coty will post 0.33 earnings per share for the current year.

Hedge Funds Weigh In On Coty

Hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp increased its position in shares of Coty by 4.0% during the third quarter. Fifth Third Bancorp now owns 89,855 shares of the company’s stock worth $235,000 after acquiring an additional 3,424 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Coty by 4.6% in the third quarter. Hantz Financial Services Inc. now owns 85,705 shares of the company’s stock valued at $224,000 after acquiring an additional 3,805 shares in the last quarter. Citizens Financial Group Inc. RI raised its stake in shares of Coty by 38.6% in the third quarter. Citizens Financial Group Inc. RI now owns 18,170 shares of the company’s stock valued at $47,000 after acquiring an additional 5,059 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Coty by 32.6% in the third quarter. Nisa Investment Advisors LLC now owns 23,067 shares of the company’s stock valued at $60,000 after acquiring an additional 5,668 shares in the last quarter. Finally, Abel Hall LLC raised its stake in shares of Coty by 11.5% in the third quarter. Abel Hall LLC now owns 84,937 shares of the company’s stock valued at $222,000 after acquiring an additional 8,785 shares in the last quarter. Institutional investors own 42.36% of the company’s stock.

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