Coty (NYSE:COTY) Receives Outperform Rating from Royal Bank of Canada

Coty (NYSE:COTY)‘s stock had its “outperform” rating reaffirmed by equities researchers at Royal Bank of Canada in a report issued on Wednesday,Benzinga reports. They currently have a $13.00 price target on the stock. Royal Bank of Canada’s price target indicates a potential upside of 123.94% from the stock’s current price.

COTY has been the subject of several other reports. Barclays decreased their price objective on shares of Coty from $7.00 to $6.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Evercore ISI decreased their target price on shares of Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday. TD Cowen downgraded Coty from a “buy” rating to a “hold” rating and cut their price target for the stock from $11.00 to $8.50 in a research report on Wednesday, November 13th. DA Davidson reissued a “buy” rating and issued a $12.50 price objective on shares of Coty in a report on Thursday, February 6th. Finally, Wells Fargo & Company reduced their price target on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Coty currently has an average rating of “Moderate Buy” and an average target price of $10.17.

Coty Stock Down 5.5 %

NYSE COTY traded down $0.34 during trading on Wednesday, reaching $5.81. 3,621,181 shares of the company’s stock traded hands, compared to its average volume of 5,901,462. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 34.15, a price-to-earnings-growth ratio of 0.72 and a beta of 1.89. Coty has a 12-month low of $5.80 and a 12-month high of $13.30. The company’s 50 day simple moving average is $7.16 and its two-hundred day simple moving average is $8.11.

Coty (NYSE:COTY) last released 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, sell-side analysts forecast that Coty will post 0.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new position in Coty in the 4th quarter valued at $44,401,000. Amundi lifted its holdings in shares of Coty by 1,990,624.9% in the 4th quarter. Amundi now owns 4,479,131 shares of the company’s stock valued at $30,503,000 after buying an additional 4,478,906 shares during the period. Caisse Des Depots ET Consignations purchased a new stake in shares of Coty in the fourth quarter valued at approximately $19,663,000. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Coty by 42.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock valued at $52,984,000 after purchasing an additional 1,687,045 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in Coty by 25.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock worth $56,354,000 after buying an additional 1,646,839 shares in the last quarter. 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.