Coty Inc (COTY) Receives Average Rating of “Hold” from Brokerages

Coty Inc (NYSE:COTY) has been assigned an average rating of “Hold” from the nineteen analysts that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $19.32.

Several brokerages recently issued reports on COTY. DA Davidson upped their target price on Coty from $17.50 to $18.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. Wells Fargo & Co reaffirmed a “hold” rating and set a $17.00 target price on shares of Coty in a research report on Thursday, November 9th. BidaskClub lowered Coty from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 26th. BMO Capital Markets reduced their target price on Coty from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Friday, November 10th. Finally, Royal Bank of Canada raised Coty from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 21st.

In other news, insider Edgar O. Huber purchased 4,000 shares of the company’s stock in a transaction on Monday, December 11th. The shares were acquired at an average price of $17.74 per share, for a total transaction of $70,960.00. Following the purchase, the insider now owns 163,570 shares in the company, valued at $2,901,731.80. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Cosmetics B.V. Jab purchased 1,800,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were purchased at an average price of $16.70 per share, for a total transaction of $30,060,000.00. Following the purchase, the insider now owns 279,608,041 shares in the company, valued at approximately $4,669,454,284.70. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 10,004,000 shares of company stock worth $168,552,960. Company insiders own 1.00% of the company’s stock.

Coty (COTY) traded up $0.52 on Friday, hitting $20.53. The stock had a trading volume of 4,254,706 shares, compared to its average volume of 3,531,577. The company has a market cap of $15,330.00, a price-to-earnings ratio of -34.80, a price-to-earnings-growth ratio of 2.08 and a beta of 0.37. The company has a current ratio of 1.08, a quick ratio of 0.78 and a debt-to-equity ratio of 0.80. Coty has a 52-week low of $14.24 and a 52-week high of $21.17.

Coty (NYSE:COTY) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.24 billion. Coty had a positive return on equity of 4.26% and a negative net margin of 5.02%. The business’s revenue for the quarter was up 107.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS. research analysts forecast that Coty will post 0.68 earnings per share for the current fiscal year.

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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)

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