Brokerages Set Coty Inc. (NYSE:COTY) Target Price at $12.85

Shares of Coty Inc. (NYSE:COTY) have received an average recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $12.85.

COTY has been the topic of several analyst reports. Stifel Nicolaus cut their target price on Coty from $12.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. Evercore ISI reissued an “outperform” rating and issued a $15.00 price target on shares of Coty in a report on Wednesday, August 21st. Wells Fargo & Company lowered their price target on Coty from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Piper Sandler lowered their price target on Coty from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Finally, Bank of America lowered their price target on Coty from $15.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, July 10th.

Institutional Trading of Coty

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. increased its position in shares of Coty by 9.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock valued at $124,000 after buying an additional 1,104 shares in the last quarter. Securian Asset Management Inc. increased its position in shares of Coty by 4.2% in the fourth quarter. Securian Asset Management Inc. now owns 31,605 shares of the company’s stock valued at $393,000 after buying an additional 1,268 shares in the last quarter. American Century Companies Inc. increased its position in shares of Coty by 10.6% in the second quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock valued at $148,000 after buying an additional 1,414 shares in the last quarter. Avantax Advisory Services Inc. increased its position in shares of Coty by 3.1% in the first quarter. Avantax Advisory Services Inc. now owns 65,960 shares of the company’s stock valued at $789,000 after buying an additional 2,012 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Coty by 0.3% in the first quarter. Swiss National Bank now owns 792,401 shares of the company’s stock valued at $9,477,000 after buying an additional 2,300 shares in the last quarter. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Coty Stock Performance

Shares of Coty stock opened at $9.11 on Tuesday. The firm has a market cap of $7.91 billion, a P/E ratio of 39.61, a P/E/G ratio of 0.66 and a beta of 1.89. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 0.96. Coty has a 12 month low of $8.66 and a 12 month high of $13.30. The stock’s fifty day moving average price is $9.57 and its 200-day moving average price is $10.52.

Coty (NYSE:COTY) last announced its quarterly earnings results on Tuesday, August 20th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.07). The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Coty had a net margin of 1.46% and a return on equity of 8.05%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.01 EPS. On average, equities research analysts expect that Coty will post 0.56 earnings per share for the current fiscal year.

Coty Company Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.