Coty Inc. (NYSE:COTY) has earned an average recommendation of “Hold” from the eighteen ratings firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $20.04.

COTY has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Coty from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. BMO Capital Markets reissued a “buy” rating and set a $24.00 price objective on shares of Coty in a research note on Thursday, October 5th. BidaskClub raised shares of Coty from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 27th. KeyCorp reissued a “hold” rating on shares of Coty in a research note on Friday, August 25th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $22.00 price objective on shares of Coty in a research note on Sunday, July 16th.

In other Coty news, SVP Ayesha Zafar bought 21,570 shares of Coty stock in a transaction that occurred on Wednesday, September 13th. The shares were acquired at an average price of $17.11 per share, for a total transaction of $369,062.70. Following the acquisition, the senior vice president now owns 10,000 shares of the company’s stock, valued at approximately $171,100. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Sebastien Froidefond bought 16,879 shares of Coty stock in a transaction that occurred on Friday, September 1st. The shares were acquired at an average price of $16.60 per share, for a total transaction of $280,191.40. Following the acquisition, the insider now directly owns 98,358 shares in the company, valued at approximately $1,632,742.80. The disclosure for this purchase can be found here. Insiders have bought a total of 2,979,505 shares of company stock valued at $48,661,242 over the last three months. Corporate insiders own 1.00% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/10/11/coty-inc-coty-receives-consensus-rating-of-hold-from-brokerages.html.

Coty (COTY) traded up 0.24% during midday trading on Wednesday, reaching $16.85. The company’s stock had a trading volume of 2,838,200 shares. The firm’s market capitalization is $12.62 billion. Coty has a 52 week low of $15.83 and a 52 week high of $23.74. The company’s 50-day moving average is $16.58 and its 200 day moving average is $18.22.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Friday, September 1st were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.50 annualized dividend and a dividend yield of 2.97%. Coty’s dividend payout ratio is presently -87.72%.

Coty Company Profile

Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.

Analyst Recommendations for Coty (NYSE:COTY)

Receive News & Ratings for Coty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty Inc. and related companies with MarketBeat.com's FREE daily email newsletter.