Coty (NYSE:COTY) Given Buy Rating at DA Davidson

Coty (NYSE:COTY)‘s stock had its “buy” rating reaffirmed by DA Davidson in a research note issued to investors on Thursday,Benzinga reports. They currently have a $12.50 price target on the stock. DA Davidson’s price objective points to a potential upside of 79.47% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. Stifel Nicolaus cut their target price on Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Tuesday, October 15th. Canaccord Genuity Group reiterated a “buy” rating and issued a $14.00 target price on shares of Coty in a report on Tuesday, October 15th. Raymond James cut their target price on Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft lowered their price target on Coty from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group lowered their price target on Coty from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $11.24.

Coty Trading Up 2.6 %

COTY stock traded up $0.18 during trading on Thursday, hitting $6.97. The company had a trading volume of 556,865 shares, compared to its average volume of 5,132,371. The business has a 50-day moving average of $7.20 and a 200-day moving average of $8.18. Coty has a one year low of $6.59 and a one year high of $13.30. The stock has a market cap of $6.06 billion, a PE ratio of 40.91, a PEG ratio of 0.78 and a beta of 1.89. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93.

Coty (NYSE:COTY) last posted its quarterly 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 business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. Coty had a return on equity of 9.16% and a net margin of 2.78%. Coty’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 earnings per share. Research analysts predict that Coty will post 0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coty

Institutional investors have recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. lifted its holdings in Coty by 42.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock valued at $52,984,000 after acquiring an additional 1,687,045 shares during the period. Barclays PLC raised its stake in shares of Coty by 147.1% in the third quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock worth $10,947,000 after buying an additional 693,961 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Coty by 11.3% in the third quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock worth $60,566,000 after buying an additional 656,952 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Coty in the third quarter worth about $3,681,000. Finally, Natixis Advisors LLC raised its stake in shares of Coty by 30.1% in the third quarter. Natixis Advisors LLC now owns 1,388,226 shares of the company’s stock worth $13,036,000 after buying an additional 321,221 shares during the period. 42.36% of the stock is owned by hedge funds and other institutional investors.

About Coty

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.