Analysts’ Weekly Ratings Updates for Coty (COTY)

A number of firms have modified their ratings and price targets on shares of Coty (NYSE: COTY) recently:

  • 2/12/2018 – Coty had its price target raised by analysts at JPMorgan Chase & Co. from $15.00 to $17.00. They now have an “underweight” rating on the stock.
  • 2/10/2018 – Coty was given a new $20.00 price target on by analysts at Barclays PLC. They now have a “hold” rating on the stock.
  • 2/9/2018 – Coty had its “buy” rating reaffirmed by analysts at Stifel Nicolaus.
  • 2/9/2018 – Coty had its price target raised by analysts at Citigroup Inc from $21.00 to $23.00. They now have a “buy” rating on the stock.
  • 2/9/2018 – Coty had its price target raised by analysts at BMO Capital Markets from $22.00 to $24.00. They now have a “buy” rating on the stock.
  • 12/21/2017 – Coty was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating.

Coty Inc (NYSE:COTY) traded up $0.56 on Monday, hitting $20.42. 9,900,952 shares of the company’s stock traded hands, compared to its average volume of 5,450,237. Coty Inc has a twelve month low of $14.24 and a twelve month high of $21.17. The company has a market cap of $14,884.89, a P/E ratio of -40.04, a PEG ratio of 1.93 and a beta of 0.32. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.93 and a quick ratio of 0.66.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Tuesday, February 27th. Coty’s dividend payout ratio (DPR) is presently -98.04%.

In other Coty news, insider Edgar O. Huber purchased 4,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was purchased at an average price of $17.74 per share, with a total value of $70,960.00. Following the acquisition, the insider now owns 163,570 shares in the company, valued at $2,901,731.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Cosmetics B.V. Jab purchased 2,800,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was acquired at an average cost of $16.94 per share, with a total value of $47,432,000.00. Following the acquisition, the insider now owns 285,008,041 shares in the company, valued at approximately $4,828,036,214.54. The disclosure for this purchase can be found here. Insiders have acquired a total of 8,204,000 shares of company stock valued at $138,492,960 in the last three months. 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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