Coty Price Target Raised to $18.00 at Citigroup Inc. (COTY)
Investment analysts at Citigroup Inc. hoisted their target price on shares of Coty (NYSE:COTY) from $16.00 to $18.00 in a note issued to investors on Tuesday. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s target price suggests a potential upside of 4.71% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse cut their price target on shares of Coty from $19.00 to $18.00 in a research note on Friday. They now have a “neutral” rating on the stock. Separately, analysts at B. Riley cut their price target on shares of Coty from $16.00 to $14.00 in a research note on Friday. They now have a “neutral” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Coty in a research note on Wednesday, July 16th. They now have a $20.00 price target on the stock, up previously from $18.00. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Coty currently has an average rating of “Hold” and an average target price of $17.00.
Coty (NYSE:COTY) traded up 0.17% on Tuesday, hitting $17.22. 1,774,294 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 $17.47 and a 200-day moving average of $16.29. The company’s market cap is $6.098 billion.
Coty (NYSE:COTY) last released its earnings data on Thursday, August 28th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.02. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company posted $0.03 earnings per share. Coty’s revenue was down 1.6% compared to the same quarter last year. On average, analysts predict that Coty will post $0.85 earnings per share for the current fiscal year.
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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