Coty Inc. (NYSE:COTY) Coverage Initiated at DA Davidson

DA Davidson assumed coverage on shares of Coty Inc. (NYSE:COTY) in a report published on Tuesday, October 17th. The brokerage issued a neutral rating and a $17.50 price target on the stock.

Several other brokerages have also issued reports on COTY. BidaskClub upgraded shares of Coty from a sell rating to a hold rating in a research note on Wednesday, August 2nd. Stifel Nicolaus set a $25.00 price target on shares of Coty and gave the stock a buy rating in a research note on Monday, August 21st. Royal Bank Of Canada reiterated a sector perform rating and issued a $22.00 price target on shares of Coty in a research note on Monday, August 21st. Zacks Investment Research lowered shares of Coty from a hold rating to a sell rating in a research note on Thursday, July 20th. Finally, Deutsche Bank AG reissued a buy rating and set a $20.00 price objective (down from $22.00) on shares of Coty in a research report on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $19.57.

Coty (NYSE:COTY) traded down 2.03% on Tuesday, reaching $14.93. 2,229,483 shares of the company traded hands. Coty has a 52-week low of $14.81 and a 52-week high of $23.11. The company’s market capitalization is $11.18 billion. The stock has a 50-day moving average of $16.46 and a 200 day moving average of $18.09.

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In other news, insider Sylvie Moreau acquired 48,153 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was bought at an average cost of $16.79 per share, with a total value of $808,488.87. Following the completion of the purchase, the insider now directly owns 97,035 shares of the company’s stock, valued at $1,629,217.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Ayesha Zafar acquired 21,570 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were purchased at an average cost of $17.11 per share, with a total value of $369,062.70. Following the completion of the purchase, the senior vice president now directly owns 10,000 shares of the company’s stock, valued at $171,100. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 2,979,505 shares of company stock worth $48,661,242. 1.00% of the stock is owned by company insiders.

Coty Company Profile

Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.

Analyst Recommendations for Coty (NYSE:COTY)

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