Coty’s (COTY) Outperform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of Coty (NYSE:COTY) in a research note released on Wednesday,Benzinga reports. The firm currently has a $13.00 price target on the stock.

Several other brokerages also recently commented on COTY. Stifel Nicolaus cut their price objective on Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday. DA Davidson reaffirmed a “buy” rating and issued a $12.50 price target on shares of Coty in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Coty from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Raymond James decreased their price target on shares of Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Finally, The Goldman Sachs Group started coverage on Coty in a research note on Friday, December 13th. They issued a “neutral” rating and a $9.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.17.

Coty Trading Down 2.9 %

COTY stock opened at $5.59 on Wednesday. Coty has a twelve month low of $5.55 and a twelve month high of $13.30. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 32.85, a price-to-earnings-growth ratio of 0.72 and a beta of 1.89. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93. The firm’s fifty day simple moving average is $7.01 and its two-hundred day simple moving average is $8.02.

Coty (NYSE:COTY) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a net margin of 2.78% and a return on equity of 9.16%. As a group, analysts anticipate that Coty will post 0.51 earnings per share for the current year.

Institutional Investors Weigh In On Coty

Several institutional investors have recently bought and sold shares of COTY. Blue Trust Inc. boosted its position in shares of Coty by 330.3% in the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after purchasing an additional 2,385 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Coty by 317.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock worth $29,000 after acquiring an additional 3,186 shares in the last quarter. Allworth Financial LP grew its stake in shares of Coty by 145.0% during the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after acquiring an additional 3,328 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Coty by 55.3% during the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock valued at $51,000 after acquiring an additional 2,601 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Coty in the 4th quarter valued at approximately $54,000. 42.36% of the stock is currently owned by institutional investors and hedge funds.

About Coty

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.