Coty (NYSE:COTY) Receives $3.70 Consensus Target Price from Analysts

Shares of Coty (NYSE:COTY) have been given an average recommendation of “Reduce” by the seventeen ratings firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $3.7036.

A number of analysts have commented on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $8.00 target price on shares of Coty in a report on Monday, May 4th. TD Cowen upped their price target on Coty from $2.30 to $2.90 and gave the company a “hold” rating in a report on Thursday, May 7th. Barclays dropped their price objective on Coty from $2.50 to $2.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings downgraded Coty from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Coty from $3.00 to $2.00 and set a “hold” rating for the company in a research report on Monday, March 30th.

Coty Trading Down 4.9%

NYSE:COTY opened at $2.60 on Friday. The company’s 50 day moving average price is $2.13 and its 200-day moving average price is $2.41. Coty has a 52 week low of $1.82 and a 52 week high of $5.18. The company has a quick ratio of 0.49, a current ratio of 0.82 and a debt-to-equity ratio of 0.97. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of -4.19, a PEG ratio of 0.79 and a beta of 0.99.

Coty (NYSE:COTY) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. Coty had a negative net margin of 9.20% and a positive return on equity of 4.59%. Coty’s revenue was down 1.3% on a year-over-year basis. During the same period last year, the business earned $0.01 EPS. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. On average, equities research analysts forecast that Coty will post 0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in COTY. Credit Agricole S A bought a new position in Coty during the third quarter valued at approximately $63,824,000. Norges Bank bought a new stake in Coty in the 4th quarter worth approximately $41,867,000. Two Sigma Investments LP grew its position in Coty by 793.5% in the 3rd quarter. Two Sigma Investments LP now owns 4,401,554 shares of the company’s stock worth $17,782,000 after purchasing an additional 3,908,955 shares during the period. Squarepoint Ops LLC purchased a new stake in Coty during the 2nd quarter valued at $15,829,000. Finally, Contrarius Group Holdings Ltd bought a new position in shares of Coty during the 4th quarter valued at $10,135,000. 42.36% of the stock is owned by hedge funds and other institutional investors.

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.