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.
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.
WARNING: “BMO Capital Markets Raises Coty (COTY) Price Target to $24.00” was published by American Banking News and is the sole property of of American Banking News. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/02/09/bmo-capital-markets-reiterates-buy-rating-for-coty-coty.html.
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.
Receive News & Ratings for Coty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty and related companies with MarketBeat.com's FREE daily email newsletter.