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.
ILLEGAL ACTIVITY WARNING: This piece was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2017/11/12/bmo-capital-markets-reaffirms-buy-rating-for-coty-inc-coty-2.html.
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.
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.
Receive News & Ratings for Coty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty Inc. and related companies with MarketBeat.com's FREE daily email newsletter.