Coty (NYSE:COTY) was upgraded by stock analysts at Citigroup from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, MarketBeat reports. The firm currently has a $21.00 price target on the stock. Citigroup’s target price indicates a potential upside of 6.17% from the stock’s previous close.
A number of other brokerages have also recently weighed in on COTY. BidaskClub cut Coty from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Stifel Nicolaus set a $25.00 price target on Coty and gave the company a “buy” rating in a research report on Monday, August 21st. Royal Bank of Canada restated a “sector perform” rating and issued a $22.00 price target on shares of Coty in a research report on Monday, August 21st. Wells Fargo & Company set a $17.00 price target on Coty and gave the company a “hold” rating in a research report on Monday, December 11th. Finally, Deutsche Bank restated a “buy” rating and issued a $20.00 price target (down previously from $22.00) on shares of Coty in a research report on Wednesday, August 23rd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $19.41.
Coty (NYSE:COTY) traded up $0.25 during trading hours on Tuesday, reaching $19.78. The company’s stock had a trading volume of 8,110,000 shares, compared to its average volume of 6,390,000. Coty has a 1 year low of $14.24 and a 1 year high of $20.88. The stock has a market capitalization of $14,820.00, a PE ratio of 35.96, a price-to-earnings-growth ratio of 2.00 and a beta of 0.37. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.78.
Coty (NYSE:COTY) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. Coty had a positive return on equity of 4.26% and a negative net margin of 5.02%. The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter last year, the business posted $0.23 earnings per share. The business’s revenue for the quarter was up 107.3% on a year-over-year basis. sell-side analysts anticipate that Coty will post 0.68 EPS for the current fiscal year.
In related news, major shareholder Cosmetics B.V. Jab acquired 5,400,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average price of $16.85 per share, for a total transaction of $90,990,000.00. Following the transaction, the insider now owns 279,608,041 shares in the company, valued at approximately $4,711,395,490.85. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edgar O. Huber acquired 4,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were bought at an average price of $17.74 per share, with a total value of $70,960.00. Following the transaction, the insider now owns 163,570 shares in the company, valued at approximately $2,901,731.80. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 10,004,000 shares of company stock valued at $168,552,960. 1.00% of the stock is currently owned by company insiders.
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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.