Coty (COTY) Upgraded to Outperform by Royal Bank of Canada

Coty (NYSE:COTY) was upgraded by stock analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a report issued on Thursday.

A number of other brokerages have also recently commented on COTY. Zacks Investment Research cut Coty from a “hold” rating to a “sell” rating in a report on Friday, August 25th. BidaskClub cut Coty from a “sell” rating to a “strong sell” rating in a report on Thursday, October 26th. BMO Capital Markets reiterated a “buy” rating and set a $24.00 target price on shares of Coty in a report on Thursday, October 5th. Wells Fargo & Company set a $17.00 target price on Coty and gave the company a “hold” rating in a report on Monday, December 11th. Finally, KeyCorp reiterated a “hold” rating on shares of Coty in a report on Friday, August 25th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. Coty presently has a consensus rating of “Hold” and a consensus target price of $19.41.

Shares of Coty (NYSE COTY) traded up $0.07 during trading hours on Thursday, reaching $19.45. The company’s stock had a trading volume of 3,627,800 shares, compared to its average volume of 5,564,108. The firm has a market cap of $14,525.14, a PE ratio of 35.24, a PEG ratio of 1.96 and a beta of 0.36. The company has a current ratio of 1.08, a quick ratio of 0.78 and a debt-to-equity ratio of 0.80. Coty has a 52-week low of $14.24 and a 52-week high of $20.88.

Coty (NYSE:COTY) last announced its earnings results on Thursday, November 9th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Coty had a positive return on equity of 4.26% and a negative net margin of 5.02%. Coty’s quarterly revenue was up 107.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 EPS. equities analysts anticipate that Coty will post 0.68 EPS for the current year.

In other Coty news, major shareholder Cosmetics B.V. Jab acquired 5,400,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were acquired at an average price of $16.85 per share, for a total transaction of $90,990,000.00. Following the completion of the acquisition, the insider now directly owns 279,608,041 shares of the company’s stock, valued at $4,711,395,490.85. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Edgar O. Huber acquired 4,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were acquired at an average price of $17.74 per share, for a total transaction of $70,960.00. Following the acquisition, the insider now directly owns 163,570 shares of the company’s stock, valued at $2,901,731.80. The disclosure for this purchase can be found here. Insiders have bought 10,004,000 shares of company stock worth $168,552,960 in the last 90 days. 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.