Coty (NYSE:COTY) Upgraded at Citigroup

Citigroup upgraded shares of Coty (NYSE:COTY) from a neutral rating to a buy rating in a report released on Thursday morning, Marketbeat.com reports. They currently have $8.00 price target on the stock, up from their previous price target of $7.00.

COTY has been the topic of several other reports. Stifel Nicolaus dropped their target price on shares of Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Wells Fargo & Company dropped their target price on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Evercore ISI dropped their target price on shares of Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Piper Sandler dropped their target price on shares of Coty from $9.00 to $8.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Finally, Barclays dropped their target price on shares of Coty from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.78.

Coty Stock Performance

Shares of COTY opened at $5.63 on Thursday. The firm’s 50 day moving average is $6.31 and its 200-day moving average is $7.38. The stock has a market capitalization of $4.90 billion, a P/E ratio of -562.50, a P/E/G ratio of 0.81 and a beta of 1.97. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. Coty has a 12-month low of $5.35 and a 12-month high of $12.31.

Coty (NYSE:COTY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. Equities research analysts anticipate that Coty will post 0.39 EPS for the current fiscal year.

Institutional Trading of Coty

Institutional investors have recently added to or reduced their stakes in the business. State Street Corp raised its position in shares of Coty by 2.3% in the third quarter. State Street Corp now owns 11,043,208 shares of the company’s stock valued at $103,696,000 after purchasing an additional 251,964 shares during the period. JPMorgan Chase & Co. raised its position in shares of Coty by 16.8% in the third quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company’s stock valued at $6,981,000 after purchasing an additional 107,014 shares during the period. Barclays PLC raised its position in shares of Coty by 147.1% in the third quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock valued at $10,947,000 after purchasing an additional 693,961 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Coty in the third quarter valued at approximately $3,681,000. Finally, TCW Group Inc. raised its position in shares of Coty by 44.1% in the fourth quarter. TCW Group Inc. now owns 304,797 shares of the company’s stock valued at $2,121,000 after purchasing an additional 93,229 shares during the period. 42.36% of the stock is currently owned by institutional investors and hedge funds.

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.