Coty Receives New Coverage from Analysts at RBC Capital (COTY)
RBC Capital initiated coverage on shares of Coty (NYSE:COTY) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “sector perform” rating and a $16.00 price target on the stock. RBC Capital’s price objective would indicate a potential upside of 5.33% from the company’s current price.
Coty (NYSE:COTY) traded down 0.07% on Tuesday, hitting $15.19. 498,721 shares of the company’s stock traded hands. Coty has a 1-year low of $14.46 and a 1-year high of $17.74. The stock has a 50-day moving average of $15.58 and a 200-day moving average of $16.17. The company has a market cap of $5.837 billion and a price-to-earnings ratio of 34.62.
Coty (NYSE:COTY) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.01. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. Analysts expect that Coty will post $0.79 EPS for the current fiscal year.
A number of other firms have also recently commented on COTY. Analysts at Zacks upgraded shares of Coty from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, November 19th. They now have a $15.90 price target on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Coty in a research note to investors on Tuesday, November 19th. They set a “neutral” rating and a $17.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Coty from $20.00 to $18.00 in a research note to investors on Friday, November 8th. They now have an “overweight” rating on the stock. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Coty presently has an average rating of “Hold” and a consensus target price of $17.54.
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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