BMO Capital Markets Reaffirms Buy Rating for Coty Inc. (COTY)

Coty Inc. (NYSE:COTY)‘s stock had its “buy” rating restated by research analysts at BMO Capital Markets in a report released on Sunday.

A number of other brokerages have also recently issued reports on COTY. DA Davidson increased their price target on shares of Coty from $17.50 to $18.00 and gave the company a “neutral” rating in a research report on Friday. Wells Fargo & Company reissued a “hold” rating and set a $17.00 price target on shares of Coty in a research report on Thursday. Jefferies Group LLC reissued a “hold” rating and set a $18.00 price target (up previously from $17.00) on shares of Coty in a research report on Wednesday, August 23rd. Stifel Nicolaus set a $25.00 price target on shares of Coty and gave the company a “buy” rating in a research report on Monday, August 21st. Finally, Bank of America Corporation dropped their target price on shares of Coty from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, August 23rd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $19.30.

Shares of Coty (COTY) opened at $16.31 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.66 and a current ratio of 1.08. The company has a market cap of $12,211.07, a P/E ratio of 29.65, a P/E/G ratio of 1.62 and a beta of 0.31. Coty has a 52 week low of $14.24 and a 52 week high of $20.88.

Coty (NYSE:COTY) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.03. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.24 billion. Coty had a negative net margin of 5.02% and a positive return on equity of 4.26%. The business’s revenue for the quarter was up 107.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS. research analysts predict that Coty will post 0.67 earnings per share for the current fiscal year.

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In related news, SVP Ayesha Zafar acquired 21,570 shares of Coty stock in a transaction dated Wednesday, September 13th. The shares were purchased at an average price of $17.11 per share, for a total transaction of $369,062.70. Following the completion of the transaction, the senior vice president now directly owns 10,000 shares in the company, valued at approximately $171,100. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Sylvie Moreau acquired 48,153 shares of Coty stock in a transaction dated Thursday, August 24th. The shares were bought at an average price of $16.79 per share, for a total transaction of $808,488.87. Following the transaction, the insider now owns 97,035 shares of the company’s stock, valued at $1,629,217.65. The disclosure for this purchase can be found here. In the last three months, insiders purchased 2,979,505 shares of company stock worth $48,661,242. 1.00% of the stock is currently owned by insiders.

About Coty

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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