Coty (NYSE:COTY) Given “Buy” Rating at DA Davidson

DA Davidson reissued their buy rating on shares of Coty (NYSE:COTY) in a research report report published on Thursday,Benzinga reports. They currently have a $12.50 price target on the stock.

COTY has been the topic of several other reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $14.00 price objective on shares of Coty in a research note on Tuesday, October 15th. Jefferies Financial Group reduced their price target on Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. JPMorgan Chase & Co. lowered their price objective on Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. The Goldman Sachs Group started coverage on shares of Coty in a research note on Friday, December 13th. They set a “neutral” rating and a $9.00 target price on the stock. Finally, Citigroup decreased their price target on shares of Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $11.24.

Coty Stock Up 0.8 %

Shares of COTY opened at $6.85 on Thursday. The company’s 50-day simple moving average is $7.20 and its 200-day simple moving average is $8.18. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. Coty has a 1 year low of $6.59 and a 1 year high of $13.30. The stock has a market capitalization of $5.95 billion, a PE ratio of 40.26, a P/E/G ratio of 0.78 and a beta of 1.89.

Coty (NYSE:COTY) last released its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. Coty had a return on equity of 9.16% and a net margin of 2.78%. Coty’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 earnings per share. Analysts forecast that Coty will post 0.5 earnings per share for the current fiscal year.

Institutional Trading of Coty

A number of large investors have recently made changes to their positions in the company. State Street Corp lifted its stake in Coty by 2.3% in the third quarter. State Street Corp now owns 11,043,208 shares of the company’s stock valued at $103,696,000 after buying an additional 251,964 shares during the last quarter. Barclays PLC increased its holdings in shares of Coty by 147.1% in the 3rd quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock valued at $10,947,000 after acquiring an additional 693,961 shares during the period. JPMorgan Chase & Co. raised its position in Coty by 16.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company’s stock valued at $6,981,000 after purchasing an additional 107,014 shares during the last quarter. Compass Wealth Management LLC boosted its stake in Coty by 12.6% during the 3rd quarter. Compass Wealth Management LLC now owns 590,725 shares of the company’s stock worth $5,547,000 after purchasing an additional 65,900 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Coty during the 3rd quarter worth $3,681,000. 42.36% of the stock is owned by institutional investors and hedge funds.

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.