Coty (NYSE:COTY) PT Raised to $12.00 at Wells Fargo & Company

Coty (NYSE:COTYGet Free Report) had its price target upped by Wells Fargo & Company from $11.00 to $12.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 3.27% from the company’s previous close.

A number of other analysts have also commented on COTY. StockNews.com lowered Coty from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Raymond James decreased their target price on Coty from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Monday, October 23rd. Barclays boosted their price objective on Coty from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 16th. TD Cowen assumed coverage on Coty in a report on Tuesday, October 17th. They set a “market perform” rating and a $11.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their price objective on Coty from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, October 12th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.94.

Check Out Our Latest Research Report on COTY

Coty Stock Performance

Shares of Coty stock opened at $11.62 on Friday. Coty has a one year low of $9.02 and a one year high of $13.46. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 6.16 and a beta of 1.89. The business has a 50-day simple moving average of $12.13 and a 200 day simple moving average of $11.34. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.49.

Coty (NYSE:COTYGet Free Report) last issued its earnings results on Wednesday, February 7th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. Coty had a return on equity of 11.91% and a net margin of 5.39%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the company posted $0.22 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. On average, research analysts anticipate that Coty will post 0.44 earnings per share for the current fiscal year.

Coty declared that its Board of Directors has authorized a share repurchase program on Monday, November 13th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 7.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Coty

A number of hedge funds and other institutional investors have recently modified their holdings of COTY. United Services Automobile Association lifted its stake in Coty by 4.1% in the third quarter. United Services Automobile Association now owns 26,688 shares of the company’s stock valued at $293,000 after purchasing an additional 1,048 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Coty by 5.9% in the third quarter. Parkside Financial Bank & Trust now owns 18,833 shares of the company’s stock valued at $207,000 after purchasing an additional 1,051 shares during the last quarter. Dorsey Wright & Associates lifted its stake in Coty by 0.4% in the third quarter. Dorsey Wright & Associates now owns 296,868 shares of the company’s stock valued at $3,257,000 after purchasing an additional 1,103 shares during the last quarter. Comerica Bank purchased a new position in Coty in the second quarter valued at approximately $150,000. Finally, Securian Asset Management Inc. lifted its stake in 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 purchasing an additional 1,268 shares during the last quarter. Hedge funds and other institutional investors own 37.10% of the company’s stock.

Coty Company Profile

(Get Free Report)

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.

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