Coty (NYSE:COTY) Receives Average Recommendation of “Reduce” from Brokerages

by · The Cerbat Gem

Shares of Coty (NYSE:COTY – Get Free Report) have earned an average rating of “Reduce” from the thirteen analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and eleven have issued a hold recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $3.24.

Several research analysts have recently commented on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Coty in a research note on Friday, August 7th. Royal Bank Of Canada downgraded shares of Coty from an “outperform” rating to a “sector perform” rating and set a $3.00 price target for the company. in a research note on Thursday, August 20th. Morgan Stanley upped their price objective on Coty from $2.50 to $2.75 and gave the stock an “equal weight” rating in a research report on Tuesday, August 25th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $2.60 price objective on shares of Coty in a research note on Thursday, August 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $3.00 target price on shares of Coty in a research note on Friday, August 21st.

View Our Latest Analysis on Coty

Hedge Funds Weigh In On Coty

A number of institutional investors and hedge funds have recently made changes to their positions in COTY. WINTON GROUP Ltd acquired a new position in shares of Coty during the second quarter worth about $48,000. HB Wealth Management LLC purchased a new position in Coty in the second quarter worth approximately $57,000. AlphaGrep UK Ltd purchased a new position in Coty in the second quarter worth approximately $25,000. Three Seasons Wealth LLC grew its holdings in Coty by 17.1% during the 2nd quarter. Three Seasons Wealth LLC now owns 91,957 shares of the company’s stock worth $199,000 after acquiring an additional 13,395 shares in the last quarter. Finally, Nolet Wealth Management LLC acquired a new position in Coty during the 2nd quarter worth approximately $108,000. 42.36% of the stock is owned by institutional investors and hedge funds.

Coty Price Performance

COTY opened at $2.67 on Wednesday. The stock’s 50-day moving average price is $2.74 and its 200 day moving average price is $2.38. Coty has a 12-month low of $1.82 and a 12-month high of $4.47. The company has a current ratio of 0.75, a quick ratio of 0.42 and a debt-to-equity ratio of 0.96. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of -3.82, a PEG ratio of 0.51 and a beta of 0.90.

Coty (NYSE:COTY – Get Free Report) last released its earnings results on Wednesday, August 19th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.19 billion. Coty had a negative net margin of 10.42% and a positive return on equity of 5.68%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) earnings per share. Coty has set its Q1 2027 guidance at 0.110-0.130 EPS. As a group, sell-side analysts expect that Coty will post 0.31 earnings per share for the current year.

About Coty

(Get Free Report)

Coty Inc is a global beauty company that develops, manufactures and markets fragrances, color cosmetics, skin care and body care products. Its portfolio spans both prestige and mass-market beauty, with products sold through department stores, specialty retailers, e-commerce channels and other distribution partners.

The company owns or operates a range of well-known brands, including CoverGirl, Rimmel London, Sally Hansen and Max Factor, and develops fragrance and beauty products under licensed fashion and luxury names such as Gucci, Burberry, Calvin Klein, Hugo Boss and Marc Jacobs.

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