Coty (COTY) Given New $17.00 Price Target at JPMorgan Chase & Co.

Coty (NYSE:COTY) had its price target raised by JPMorgan Chase & Co. from $15.00 to $17.00 in a research report issued to clients and investors on Monday. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential downside of 16.75% from the company’s previous close.

A number of other brokerages have also recently commented on COTY. BidaskClub cut shares of Coty from a “sell” rating to a “strong sell” rating in a report on Thursday, October 26th. Wells Fargo & Co set a $17.00 target price on shares of Coty and gave the company a “hold” rating in a report on Monday, December 11th. BMO Capital Markets upped their target price on shares of Coty from $22.00 to $24.00 and gave the company a “buy” rating in a report on Friday. Citigroup raised shares of Coty from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a report on Tuesday, December 12th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Coty in a report on Friday. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Coty presently has a consensus rating of “Hold” and a consensus price target of $19.63.

Shares of Coty (NYSE:COTY) traded up $0.56 during mid-day trading on Monday, reaching $20.42. 9,902,160 shares of the company’s stock were exchanged, compared to its average volume of 5,453,609. Coty has a twelve month low of $14.24 and a twelve month high of $21.17. The stock has a market capitalization of $14,884.89, a PE ratio of -40.04, a P/E/G ratio of 1.93 and a beta of 0.32. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.76.

Coty (NYSE:COTY) last announced its 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. 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 analysts’ expectations of $2.48 billion. During the same period in the prior year, the company earned $0.30 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. sell-side analysts predict that Coty will post 0.7 earnings per share for the current year.

In other news, insider Edgar O. Huber purchased 4,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was acquired at an average cost of $17.74 per share, for a total transaction of $70,960.00. Following the completion of the transaction, the insider now directly owns 163,570 shares in the company, valued at approximately $2,901,731.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Cosmetics B.V. Jab purchased 5,400,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was purchased at an average price of $16.85 per share, with a total value of $90,990,000.00. Following the completion of the transaction, the insider now 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. Over the last quarter, insiders acquired 8,204,000 shares of company stock valued at $138,492,960. Company insiders own 1.00% of the company’s stock.

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About Coty

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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