Coty’s (COTY) Outperform Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Coty (NYSE:COTY) in a research report sent to investors on Wednesday,Benzinga reports. Royal Bank of Canada currently has a $13.00 price objective on the stock.

COTY has been the subject of several other research reports. Canaccord Genuity Group reduced their target price on shares of Coty from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday. Wells Fargo & Company cut their price target on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. cut their price target on shares of Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. The Goldman Sachs Group initiated coverage on shares of Coty in a research note on Friday, December 13th. They set a “neutral” rating and a $9.00 price target for the company. Finally, DA Davidson restated a “buy” rating and set a $12.50 price target on shares of Coty in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.17.

Coty Stock Down 7.5 %

NYSE COTY opened at $5.68 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. The firm has a 50-day simple moving average of $7.13 and a 200 day simple moving average of $8.08. Coty has a twelve month low of $5.67 and a twelve month high of $13.30. The stock has a market cap of $4.94 billion, a PE ratio of 33.41, a PEG ratio of 0.72 and a beta of 1.89.

Coty (NYSE:COTY) last released its earnings results on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a net margin of 2.78% and a return on equity of 9.16%. On average, research analysts forecast that Coty will post 0.51 EPS for the current year.

Hedge Funds Weigh In On Coty

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Retirement Systems of Alabama boosted its position in shares of Coty by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 444,245 shares of the company’s stock worth $3,092,000 after purchasing an additional 1,472 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Coty by 3.8% during the third quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company’s stock worth $397,000 after purchasing an additional 1,545 shares in the last quarter. Stephens Inc. AR boosted its position in shares of Coty by 12.0% during the fourth quarter. Stephens Inc. AR now owns 15,588 shares of the company’s stock worth $108,000 after purchasing an additional 1,672 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Coty by 16.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company’s stock valued at $94,000 after acquiring an additional 1,893 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in Coty by 26.9% in the 4th quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company’s stock valued at $69,000 after acquiring an additional 2,110 shares in the last quarter. 42.36% of the stock is owned by institutional investors.

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.