Coty (NYSE:COTY) Upgraded by StockNews.com to “Buy”

Coty (NYSE:COTYGet Rating) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other equities analysts have also recently issued reports on COTY. Deutsche Bank Aktiengesellschaft lowered their price target on Coty from $12.00 to $11.00 in a research report on Tuesday, May 10th. JPMorgan Chase & Co. lowered their price target on Coty from $10.00 to $8.00 in a research report on Tuesday, May 10th. Barclays lowered their price target on Coty from $10.00 to $8.00 in a research report on Wednesday, May 11th. Finally, Raymond James lowered their price target on Coty from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Monday, April 18th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $11.17.

COTY opened at $7.04 on Friday. Coty has a 12 month low of $5.90 and a 12 month high of $11.12. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.69 and a quick ratio of 0.49. The stock has a market cap of $5.91 billion, a P/E ratio of 46.94 and a beta of 2.38. The stock’s 50 day moving average price is $7.36 and its 200 day moving average price is $8.56.

Coty (NYSE:COTYGet Rating) last posted its earnings results on Monday, May 9th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. Coty had a return on equity of 6.85% and a net margin of 3.93%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Coty’s quarterly revenue was up 15.4% on a year-over-year basis. Equities analysts anticipate that Coty will post 0.27 EPS for the current year.

In related news, Director Olivier Goudet bought 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The shares were acquired at an average cost of $6.45 per share, for a total transaction of $645,000.00. Following the acquisition, the director now directly owns 739,129 shares of the company’s stock, valued at approximately $4,767,382.05. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.

Several institutional investors have recently modified their holdings of COTY. Morgan Stanley boosted its position in shares of Coty by 18.5% in the second quarter. Morgan Stanley now owns 1,713,170 shares of the company’s stock worth $16,001,000 after buying an additional 266,863 shares during the period. Franklin Resources Inc. acquired a new stake in Coty during the third quarter valued at $93,000. Voya Investment Management LLC boosted its position in Coty by 16.8% during the third quarter. Voya Investment Management LLC now owns 54,029 shares of the company’s stock valued at $425,000 after purchasing an additional 7,757 shares during the last quarter. Tudor Investment Corp Et Al acquired a new stake in Coty during the third quarter valued at $8,505,000. Finally, California State Teachers Retirement System boosted its position in Coty by 8.4% during the third quarter. California State Teachers Retirement System now owns 553,216 shares of the company’s stock valued at $4,348,000 after purchasing an additional 42,765 shares during the last quarter. 37.60% of the stock is owned by institutional investors and hedge funds.

About Coty (Get Rating)

Coty Inc, together with its subsidiaries, engages in the manufacture, marketing, distribution, and sale of beauty products worldwide. The company provides prestige fragrances, skin care, and color cosmetics products through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Alexander McQueen, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Nikos, philosophy, Kim Kardashian West, and Tiffany & Co brands.

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