Coty (NYSE:COTY) had its target price boosted by JPMorgan Chase & Co. from $15.00 to $17.00 in a research note issued to investors on Monday. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential downside of 17.32% from the company’s previous close.
COTY has been the topic of a number of other reports. DA Davidson began coverage on shares of Coty in a report on Tuesday, October 17th. They issued a “neutral” rating and a $17.50 target price on the stock. Royal Bank of Canada reiterated a “hold” rating and issued a $18.00 target price on shares of Coty in a report on Friday, October 20th. Wells Fargo & Co reiterated a “hold” rating and issued a $17.00 target price on shares of Coty in a report on Thursday, November 9th. Barclays set a $20.00 target price on shares of Coty and gave the stock a “hold” rating in a report on Saturday. Finally, Zacks Investment Research upgraded shares of Coty from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $19.63.
Shares of Coty (NYSE:COTY) opened at $20.56 on Monday. Coty has a 52-week low of $14.24 and a 52-week high of $21.17. The company has a market cap of $14,884.89, a PE ratio of -40.31, a price-to-earnings-growth ratio of 1.93 and a beta of 0.32. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.66 and a current ratio of 0.93.
Coty (NYSE:COTY) last released its earnings results on Thursday, February 8th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. Coty had a negative net margin of 4.15% and a positive return on equity of 4.45%. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.48 billion. During the same period in the previous year, the firm earned $0.30 EPS. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. sell-side analysts anticipate that Coty will post 0.7 earnings per share for the current fiscal year.
In other news, major shareholder Cosmetics B.V. Jab purchased 2,800,000 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were acquired at an average price of $16.94 per share, for a total transaction of $47,432,000.00. Following the completion of the acquisition, the insider now directly owns 285,008,041 shares of the company’s stock, valued at $4,828,036,214.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Edgar O. Huber purchased 4,000 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were purchased at an average price of $17.74 per share, for a total transaction of $70,960.00. Following the acquisition, the insider now directly owns 163,570 shares of the company’s stock, valued at $2,901,731.80. The disclosure for this purchase can be found here. 1.00% of the stock is owned by insiders.
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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.
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