Coty’s (COTY) “Hold” Rating Reaffirmed at KeyCorp
Coty Inc. (NYSE:COTY)‘s stock had its “hold” rating reaffirmed by research analysts at KeyCorp in a research note issued to investors on Monday.
A number of other research firms also recently commented on COTY. Zacks Investment Research downgraded shares of Coty from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. BMO Capital Markets restated a “buy” rating and set a $24.00 price target on shares of Coty in a research report on Thursday, October 5th. BidaskClub upgraded shares of Coty from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 27th. Royal Bank Of Canada reiterated a “hold” rating and issued a $22.00 target price on shares of Coty in a report on Sunday, July 16th. Finally, Morgan Stanley dropped their target price on shares of Coty from $22.00 to $19.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 23rd. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Coty presently has an average rating of “Hold” and an average price target of $20.04.
Shares of Coty (NYSE:COTY) traded down 4.52% on Monday, reaching $16.07. 2,651,172 shares of the company’s stock were exchanged. Coty has a 1-year low of $15.83 and a 1-year high of $23.67. The stock’s 50-day moving average price is $16.61 and its 200-day moving average price is $18.20. The company’s market capitalization is $12.03 billion.
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In other news, SVP Ayesha Zafar purchased 21,570 shares of the business’s stock in a transaction dated 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 completion of the acquisition, the senior vice president now directly owns 10,000 shares of the company’s stock, valued at $171,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Greerson Greene Mcmullen purchased 62,200 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were purchased at an average price of $16.50 per share, for a total transaction of $1,026,300.00. Following the acquisition, the insider now directly owns 161,707 shares of the company’s stock, valued at $2,668,165.50. The disclosure for this purchase can be found here. Insiders purchased a total of 2,979,505 shares of company stock worth $48,661,242 over the last quarter. Insiders own 1.00% of the company’s stock.
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.
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