Share on StockTwits

Equities researchers at BMO Capital Markets started coverage on shares of Coty (NYSE:COTY) in a research report issued on Monday, 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.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.