Coty Inc. (COTY) Price Target Cut to $22.00

Coty Inc. (NYSE:COTY) had its price objective lowered by equities researchers at BMO Capital Markets from $24.00 to $22.00 in a research note issued on Friday. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 34.89% from the company’s current price.

A number of other research firms have also commented on COTY. BidaskClub raised shares of Coty from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Stifel Nicolaus set a $25.00 target price on shares of Coty and gave the stock a “buy” rating in a report on Monday, August 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $22.00 target price on shares of Coty in a report on Monday, August 21st. Zacks Investment Research lowered shares of Coty from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $18.00 target price (up previously from $17.00) on shares of Coty in a report on Wednesday, August 23rd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $19.30.

Shares of Coty (COTY) opened at $16.31 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.08 and a debt-to-equity ratio of 0.80. The firm 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 fifty-two week low of $14.24 and a fifty-two week high of $20.88.

Coty (NYSE:COTY) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $2.24 billion during 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%. Coty’s revenue for the quarter was up 107.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 earnings per share. research analysts expect that Coty will post 0.67 EPS for the current year.

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In related news, Director Robert S. Singer acquired 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were acquired at an average cost of $16.30 per share, with a total value of $326,000.00. Following the transaction, the director now owns 110,000 shares of the company’s stock, valued at approximately $1,793,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Cosmetics B.V. Jab acquired 2,600,000 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was bought at an average cost of $16.30 per share, for a total transaction of $42,380,000.00. Following the completion of the transaction, the insider now directly owns 276,408,041 shares in the company, valued at approximately $4,505,451,068.30. The disclosure for this purchase can be found here. Insiders purchased a total of 2,979,505 shares of company stock worth $48,661,242 over the last ninety days. 1.00% of the stock is currently owned by 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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