BidaskClub downgraded shares of Coty Inc. (NYSE:COTY) from a sell rating to a strong sell rating in a report released on Wednesday morning.
A number of other brokerages also recently issued reports on COTY. J P Morgan Chase & Co initiated coverage on shares of Coty in a report on Tuesday, March 21st. They set an underweight rating and a $16.00 price target for the company. BMO Capital Markets reiterated a buy rating and issued a $24.00 target price on shares of Coty in a report on Tuesday, April 4th. Zacks Investment Research upgraded shares of Coty from a sell rating to a hold rating in a report on Thursday, April 13th. Barclays PLC set a $19.00 price target on shares of Coty and gave the stock a hold rating in a research note on Saturday, May 13th. Finally, Jefferies Group LLC began coverage on shares of Coty in a research note on Friday, June 2nd. They issued a hold rating and a $17.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $23.17.
Shares of Coty (COTY) traded up 0.33% during trading on Wednesday, hitting $18.44. The stock had a trading volume of 3,279,799 shares. The firm’s market cap is $13.79 billion. Coty has a 12-month low of $16.95 and a 12-month high of $30.13. The firm has a 50 day moving average price of $19.01 and a 200 day moving average price of $18.71.
Coty (NYSE:COTY) last issued its quarterly earnings results on Wednesday, May 10th. The company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04. The firm had revenue of $2.03 million for the quarter, compared to analyst estimates of $1.94 billion. Coty had a negative net margin of 2.29% and a positive return on equity of 9.12%. Coty’s quarterly revenue was down 99.8% compared to the same quarter last year. During the same period last year, the company posted $0.09 EPS. On average, equities analysts expect that Coty will post $0.75 earnings per share for the current fiscal year.
TRADEMARK VIOLATION WARNING: “Coty Inc. (NYSE:COTY) Cut to “Strong Sell” at BidaskClub” was published by Ticker Report and is the property of of Ticker Report. If you are accessing this report on another publication, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this report can be read at https://www.tickerreport.com/banking-finance/2723573/coty-inc-nysecoty-cut-to-strong-sell-at-bidaskclub.html.
In other news, insider Greerson Greene Mcmullen acquired 11,300 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were purchased at an average cost of $18.87 per share, for a total transaction of $213,231.00. Following the transaction, the insider now directly owns 79,307 shares in the company, valued at approximately $1,496,523.09. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter Harf acquired 26,500 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The stock was purchased at an average price of $19.00 per share, for a total transaction of $503,500.00. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 188,620 shares of company stock valued at $3,588,363. 16.10% of the stock is owned by company insiders.
Coty Company Profile
Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.
Receive News & Ratings for Coty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty Inc. and related companies with MarketBeat.com's FREE daily email newsletter.