Coty Inc (NYSE:COTY) Receives $13.00 Average PT from Analysts

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Shares of Coty Inc (NYSE:COTY) have received a consensus rating of “Hold” from the sixteen research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $12.75.

Several brokerages have commented on COTY. Exane BNP Paribas began coverage on shares of Coty in a research report on Tuesday, June 4th. They set an “outperform” rating and a $17.00 price target on the stock. ValuEngine cut shares of Coty from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. BNP Paribas assumed coverage on shares of Coty in a research note on Tuesday, June 4th. They set an “outperform” rating and a $17.00 price objective on the stock. Citigroup lowered shares of Coty from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $14.00 to $10.00 in a research note on Tuesday, July 2nd. Finally, DA Davidson lowered their price objective on shares of Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd.

In other news, Director Peter Harf acquired 309,222 shares of the stock in a transaction dated Tuesday, May 28th. The shares were bought at an average cost of $13.04 per share, for a total transaction of $4,032,254.88. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. FIL Ltd acquired a new position in Coty in the 1st quarter valued at about $1,062,000. Marshall Wace LLP grew its stake in Coty by 3.4% in the 1st quarter. Marshall Wace LLP now owns 261,290 shares of the company’s stock valued at $3,005,000 after buying an additional 8,699 shares during the last quarter. SG Americas Securities LLC grew its stake in Coty by 440.0% in the 1st quarter. SG Americas Securities LLC now owns 2,319,616 shares of the company’s stock valued at $26,676,000 after buying an additional 1,890,040 shares during the last quarter. Retirement Systems of Alabama grew its stake in Coty by 1.0% in the 1st quarter. Retirement Systems of Alabama now owns 209,893 shares of the company’s stock valued at $2,414,000 after buying an additional 2,154 shares during the last quarter. Finally, Zeke Capital Advisors LLC acquired a new position in Coty in the 1st quarter valued at about $248,000. Institutional investors and hedge funds own 64.47% of the company’s stock.

NYSE:COTY traded down $0.24 on Friday, hitting $8.68. 4,491,759 shares of the company’s stock were exchanged, compared to its average volume of 4,829,806. The firm has a 50-day moving average price of $10.55 and a 200-day moving average price of $11.42. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.95 and a quick ratio of 0.62. Coty has a 52 week low of $5.91 and a 52 week high of $14.14. The company has a market cap of $6.70 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 1.98 and a beta of 0.69.

About Coty

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.

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Analyst Recommendations for Coty (NYSE:COTY)

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