DA Davidson Reiterates “Buy” Rating for Coty (NYSE:COTY)

Coty (NYSE:COTY)‘s stock had its “buy” rating reissued by stock analysts at DA Davidson in a note issued to investors on Wednesday,Benzinga reports. They presently have a $12.50 price target on the stock. DA Davidson’s target price would indicate a potential upside of 78.57% from the stock’s current price.

COTY has been the subject of several other research reports. Citigroup cut their price objective on Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $14.00 price target on shares of Coty in a report on Tuesday, October 15th. Wells Fargo & Company lowered their price objective on shares of Coty from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Coty from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Finally, Evercore ISI reissued an “outperform” rating and issued a $15.00 price target on shares of Coty in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.41.

Coty Trading Up 0.1 %

Shares of COTY stock opened at $7.00 on Wednesday. The business’s 50 day moving average is $7.55 and its two-hundred day moving average is $8.88. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93. Coty has a 12 month low of $6.93 and a 12 month high of $13.30. The company has a market cap of $6.09 billion, a PE ratio of 41.18, a price-to-earnings-growth ratio of 0.75 and a beta of 1.89.

Coty (NYSE:COTY) last posted its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 earnings per share. Equities analysts predict that Coty will post 0.51 EPS for the current year.

Hedge Funds Weigh In On Coty

A number of hedge funds have recently modified their holdings of COTY. Blue Trust Inc. boosted its stake in Coty by 330.3% in the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after buying an additional 2,385 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Coty in the 3rd quarter valued at $96,000. WealthShield Partners LLC bought a new stake in shares of Coty in the 2nd quarter worth about $100,000. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Coty during the 2nd quarter worth about $107,000. Finally, Capstone Investment Advisors LLC bought a new position in Coty during the 3rd quarter valued at about $109,000. 42.36% of the stock is owned by institutional investors and hedge funds.

Coty Company Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.