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.

ILLEGAL ACTIVITY WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at

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)

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's FREE daily email newsletter.

Leave a Reply