Coty Inc (COTY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Coty Inc (NYSE:COTY) have earned an average rating of “Hold” from the eighteen ratings firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $19.35.

A number of research firms have issued reports on COTY. 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 upped their target price on shares of Coty from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday. Barclays set a $20.00 price objective on shares of Coty and gave the stock a “hold” rating in a report on Saturday. JPMorgan Chase & Co. increased their price objective on shares of Coty from $15.00 to $17.00 and gave the stock an “underweight” rating in a report on Monday. Finally, Royal Bank of Canada upgraded shares of Coty from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 21st.

Coty (NYSE COTY) traded up $0.14 during trading hours on Tuesday, reaching $20.56. 7,354,435 shares of the company’s stock were exchanged, compared to its average volume of 5,516,968. The stock has a market cap of $14,884.89, a price-to-earnings ratio of -40.31, a price-to-earnings-growth ratio of 1.93 and a beta of 0.32. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.66 and a current ratio of 0.93. Coty has a 52 week low of $14.24 and a 52 week high of $21.17.

Coty (NYSE:COTY) last released its earnings results on Thursday, February 8th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.08. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.48 billion. Coty had a negative net margin of 4.15% and a positive return on equity of 4.45%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. equities analysts predict that Coty 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. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.50 annualized dividend and a dividend yield of 2.43%. Coty’s payout ratio is currently -98.04%.

In other Coty news, major shareholder Cosmetics B.V. Jab bought 2,800,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was purchased at an average price of $16.94 per share, with a total value of $47,432,000.00. Following the transaction, the insider now owns 285,008,041 shares in the company, valued at $4,828,036,214.54. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Edgar O. Huber bought 4,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were acquired at an average cost of $17.74 per share, with a total value of $70,960.00. Following the transaction, the insider now owns 163,570 shares in the company, valued at approximately $2,901,731.80. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 8,204,000 shares of company stock worth $138,492,960. Insiders own 1.00% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of United States and international copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/13/coty-inc-coty-given-consensus-recommendation-of-hold-by-brokerages.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.

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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply