BMO Capital Markets Raises Coty (COTY) Price Target to $24.00

Coty (NYSE:COTY) had its target price increased by BMO Capital Markets from $22.00 to $24.00 in a report issued on Friday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 20.85% from the company’s previous close.

COTY has been the topic of a number of other reports. DA Davidson assumed coverage on Coty in a report on Tuesday, October 17th. They set a “neutral” rating and a $17.50 price target on the stock. Royal Bank of Canada reissued a “hold” rating and set a $18.00 price target on shares of Coty in a report on Friday, October 20th. Wells Fargo & Co reissued a “hold” rating and set a $17.00 price target on shares of Coty in a report on Thursday, November 9th. Zacks Investment Research raised Coty from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Finally, KeyCorp reissued a “hold” rating on shares of Coty in a report on Monday, October 16th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $19.57.

Shares of Coty (NYSE:COTY) opened at $19.86 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $14,880.00, a PE ratio of -39.72, a price-to-earnings-growth ratio of 1.99 and a beta of 0.33. Coty has a twelve month low of $14.24 and a twelve month high of $21.17.

Coty (NYSE:COTY) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.08. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.48 billion. Coty had a positive return on equity of 4.45% and a negative net margin of 4.15%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. equities research analysts predict that Coty will post 0.7 EPS for the current year.

In related news, insider Edgar O. Huber acquired 4,000 shares of Coty stock in a transaction on Monday, December 11th. The shares were bought at an average cost of $17.74 per share, with a total value of $70,960.00. Following the completion of the purchase, the insider now directly owns 163,570 shares of the company’s stock, valued at approximately $2,901,731.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Cosmetics B.V. Jab acquired 5,400,000 shares of Coty stock in a transaction on Wednesday, November 15th. The shares were bought at an average cost of $16.85 per share, for a total transaction of $90,990,000.00. Following the completion of the purchase, the insider now directly owns 279,608,041 shares of the company’s stock, valued at $4,711,395,490.85. The disclosure for this purchase can be found here. Insiders bought 8,204,000 shares of company stock worth $138,492,960 over the last ninety days. Insiders own 1.00% of the company’s stock.

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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)

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