Coty (COTY) Receives $19.42 Average PT from Analysts

Shares of Coty (NYSE:COTY) have been assigned an average rating of “Hold” from the seventeen analysts that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $19.42.

A number of research analysts have weighed in on the stock. Wells Fargo set a $17.00 target price on shares of Coty and gave the company a “hold” rating in a research note on Monday, December 11th. Citigroup upgraded shares of Coty from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Tuesday, December 12th. Royal Bank of Canada upgraded shares of Coty from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 21st. JPMorgan Chase boosted their target price on shares of Coty from $15.00 to $17.00 and gave the company an “underweight” rating in a research note on Monday, February 12th. Finally, Barclays set a $20.00 target price on shares of Coty and gave the company a “hold” rating in a research note on Saturday, February 10th.

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In other Coty news, major shareholder Cosmetics B.V. Jab purchased 1,550,000 shares of the stock in a transaction dated Monday, February 12th. The shares were bought at an average price of $20.27 per share, with a total value of $31,418,500.00. Following the completion of the transaction, the insider now directly owns 287,558,041 shares in the company, valued at approximately $5,828,801,491.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Coty stock opened at $18.29 on Wednesday. Coty has a fifty-two week low of $14.24 and a fifty-two week high of $21.68. The stock has a market cap of $13,715.01, a P/E ratio of 29.03, a PEG ratio of 1.97 and a beta of 0.37. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.66 and a current ratio of 0.93.

Coty (NYSE:COTY) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.08. Coty had a negative net margin of 4.15% and a positive return on equity of 4.45%. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.48 billion. During the same period in the previous year, the company earned $0.30 earnings per share. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. research analysts anticipate that Coty will post 0.72 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Tuesday, February 27th. Coty’s dividend payout ratio (DPR) is currently 79.37%.

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Coty Company Profile

Coty Inc, together with its subsidiaries, manufactures, markets, sells, and distributes beauty products worldwide. It operates in three segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care products, and mass fragrances primarily through hypermarkets, supermarkets, drug stores and pharmacies, mid-tier department stores, and traditional food and drug retailers, as well as own branded e-commerce and direct to consumer Websites.

Analyst Recommendations for Coty (NYSE:COTY)

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