Coty Price Target Lowered to $17.00 at B. Riley (COTY)
B. Riley lowered their target price on shares of Coty (NYSE:COTY) from $19.00 to $17.00 in a research note issued on Thursday, Analyst Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. B. Riley’s price target suggests a potential upside of 9.25% from the stock’s previous close.
Shares of Coty (NYSE:COTY) traded up 1.16% on Thursday, hitting $15.74. The stock had a trading volume of 2,296,557 shares. Coty has a 52-week low of $14.99 and a 52-week high of $17.74. The stock has a 50-day moving average of $16.45 and a 200-day moving average of $16.80. The company’s market cap is $6.026 billion.
Coty (NYSE:COTY) last released its earnings data on Tuesday, September 17th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Analysts expect that Coty will post $0.85 EPS for the current fiscal year.
A number of other firms have also recently commented on COTY. Analysts at Zacks downgraded shares of Coty (NYSE:COTY) from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday. They now have a $14.80 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Coty (NYSE:COTY) in a research note to investors on Wednesday. They now have a $17.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Coty (NYSE:COTY) in a research note to investors on Wednesday. They now have a $19.00 price target on the stock, down previously from $20.00.
One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.13.
The company also recently announced a special dividend, which is scheduled for Thursday, October 31st. Shareholders of record on Friday, October 11th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, October 9th.
Coty Inc is engage in the manufacturing, marketing and distribution of women’s and men’s fragrances, color cosmetics and skin and body care related products globally.
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