Coty Rating Lowered to Neutral at Zacks (COTY)
Coty (NYSE:COTY) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Wednesday. They currently have a $18.80 price objective on the stock. Zacks‘s target price would suggest a potential upside of 7.49% from the company’s current price.
Shares of Coty (NYSE:COTY) traded up 1.77% on Wednesday, hitting $17.80. 655,292 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 $16.77 and a 200-day moving average of $15.43. The company’s market cap is $6.754 billion.
Coty (NYSE:COTY) last released its 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. Analysts expect that Coty will post $0.83 EPS for the current fiscal year.
In other Coty news, EVP Darryl Mccall sold 2,130 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $17.13, for a total value of $36,486.90. The sale was disclosed in a document filed 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 BMO Capital Markets initiated coverage on shares of Coty in a research note on Monday. They set an “outperform” rating and a $19.00 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. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $17.53.
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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