Brokerages Set Coty Inc. (COTY) Target Price at $19.11

Shares of Coty Inc. (NYSE:COTY) have earned an average recommendation of “Hold” from the eighteen analysts that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $19.11.

COTY has been the topic of several analyst reports. Deutsche Bank reaffirmed a “buy” rating and issued a $20.00 target price (down from $22.00) on shares of Coty in a research report on Wednesday, August 23rd. BMO Capital Markets reaffirmed a “buy” rating and issued a $24.00 target price on shares of Coty in a research report on Thursday, October 5th. Zacks Investment Research raised Coty from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. KeyCorp reaffirmed a “hold” rating on shares of Coty in a research report on Monday, October 16th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $18.00 target price on shares of Coty in a research report on Friday, October 20th.

Coty (NYSE COTY) traded up $0.08 during mid-day trading on Thursday, hitting $17.64. The company had a trading volume of 5,659,506 shares, compared to its average volume of 5,576,386. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.78 and a current ratio of 1.08. The firm has a market cap of $13,190.00, a price-to-earnings ratio of 31.00, a P/E/G ratio of 1.72 and a beta of 0.37. Coty has a twelve month low of $14.24 and a twelve month high of $20.88.

Coty (NYSE:COTY) last issued its earnings results on Thursday, November 9th. The company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Coty had a positive return on equity of 4.26% and a negative net margin of 5.02%. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the company earned $0.23 earnings per share. The firm’s revenue for the quarter was up 107.3% on a year-over-year basis. equities research analysts forecast that Coty will post 0.67 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.50 annualized dividend and a yield of 2.83%. Coty’s dividend payout ratio is currently -84.75%.

In other Coty news, Director Robert S. Singer acquired 20,000 shares of Coty stock in a transaction that occurred on Wednesday, September 6th. The stock was purchased at an average cost of $16.51 per share, with a total value of $330,200.00. Following the purchase, the director now owns 130,000 shares in the company, valued at $2,146,300. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Greerson Greene Mcmullen acquired 62,218 shares of Coty stock in a transaction that occurred on Thursday, September 7th. The stock was acquired at an average cost of $16.50 per share, with a total value of $1,026,597.00. Following the completion of the purchase, the insider now owns 161,707 shares in the company, valued at approximately $2,668,165.50. The disclosure for this purchase can be found here. Insiders have purchased 10,165,988 shares of company stock valued at $171,234,160 in the last ninety days. Company insiders own 1.00% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Brokerages Set Coty Inc. (COTY) Target Price at $19.11” was first reported by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.com-unik.info/2017/12/05/brokerages-set-coty-inc-coty-target-price-at-19-11.html.

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.

Analyst Recommendations for Coty (NYSE:COTY)

What are top analysts saying about Coty Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Coty Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit