Coty Coverage Initiated by Analysts at BMO Capital Markets (COTY)
Equities researchers at BMO Capital Markets started coverage on shares of Coty (NYSE:COTY) in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Shares of Coty (NYSE:COTY) traded up 1.72% on Monday, hitting $17.13. 753,576 shares of the company’s stock traded hands. Coty has a 1-year low of $12.83 and a 1-year high of $18.95. The stock has a 50-day moving average of $16.68 and a 200-day moving average of $15.41. The company’s market cap is $6.500 billion.
Coty (NYSE:COTY) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.13. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1,000.00 million. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts predict that Coty will post $0.83 earnings per share for the current fiscal year.
In other Coty news, EVP Darryl Mccall unloaded 2,130 shares of the company’s stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $17.13, for a total transaction of $36,486.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Coty from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 20th. They now have a $17.10 price target on the stock. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Coty in a research note on Thursday, May 15th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Coty from $16.00 to $17.00 in a research note on Thursday, May 15th. They now have an “overweight” rating on the stock. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $17.21.
Coty Inc is engaged in 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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