Coty Inc. (NYSE:COTY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Coty Inc. (NYSE:COTY – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $12.44.

COTY has been the subject of a number of recent research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $13.00 price objective on shares of Coty in a report on Thursday, February 9th. Barclays upped their price objective on shares of Coty from $11.00 to $12.00 in a research report on Thursday, May 11th. Piper Sandler boosted their target price on shares of Coty from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Thursday, March 23rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Coty from $12.00 to $13.00 in a research report on Tuesday, May 2nd. Finally, Stifel Nicolaus boosted their price objective on shares of Coty from $11.00 to $12.00 in a research report on Wednesday, May 10th.

Hedge Funds Weigh In On Coty

Several large investors have recently modified their holdings of COTY. Dimensional Fund Advisors LP lifted its holdings in Coty by 4.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 9,475,233 shares of the company’s stock worth $59,888,000 after buying an additional 440,975 shares during the period. Yousif Capital Management LLC boosted its holdings in Coty by 2.2% in the fourth quarter. Yousif Capital Management LLC now owns 187,850 shares of the company’s stock valued at $1,608,000 after acquiring an additional 3,987 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Coty by 20.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,955 shares of the company’s stock valued at $419,000 after purchasing an additional 8,377 shares during the period. Ontario Teachers Pension Plan Board raised its holdings in Coty by 111.8% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 138,605 shares of the company’s stock worth $876,000 after purchasing an additional 73,173 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Coty by 168.8% in the 3rd quarter. Renaissance Technologies LLC now owns 1,406,130 shares of the company’s stock worth $8,887,000 after purchasing an additional 883,030 shares during the period. Institutional investors own 37.10% of the company’s stock.

Coty Stock Performance

NYSE COTY opened at $10.96 on Wednesday. Coty has a 52-week low of $5.90 and a 52-week high of $12.64. The stock has a market cap of $9.35 billion, a PE ratio of 54.80, a P/E/G ratio of 1.34 and a beta of 1.85. The firm has a 50-day moving average of $11.70 and a 200-day moving average of $10.10. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.40 and a current ratio of 0.69.

Coty (NYSE:COTY – Get Rating) last announced its earnings results on Tuesday, May 9th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.16. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.23 billion. Coty had a return on equity of 12.81% and a net margin of 3.55%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 earnings per share. On average, sell-side analysts anticipate that Coty will post 0.54 EPS for the current year.

Coty Company Profile

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Coty, Inc engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Americas, EMEA, and Asia Pacific. The segments Americas, EMEA, and Asia Pacific focus on prestige fragrances, prestige skin care, prestige cosmetics, mass color cosmetics, mass fragrance, mass skin care and body care.