Coty (NYSE:COTY) Receives Outperform Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Coty (NYSE:COTY) in a research note published on Wednesday,Benzinga reports. They currently have a $13.00 price objective on the stock.

COTY has been the topic of several other reports. Raymond James cut their price target on shares of Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group cut their price target on shares of Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. TD Cowen cut shares of Coty from a “buy” rating to a “hold” rating and cut their price target for the stock from $11.00 to $8.50 in a research report on Wednesday, November 13th. Wells Fargo & Company cut their price target 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. Finally, Evercore ISI cut their price target on shares of Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Coty presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.17.

Coty Trading Down 7.5 %

COTY opened at $5.68 on Wednesday. The stock has a market capitalization of $4.94 billion, a P/E ratio of 33.41, a P/E/G ratio of 0.72 and a beta of 1.89. Coty has a 12 month low of $5.67 and a 12 month high of $13.30. The firm’s fifty day simple moving average is $7.13 and its 200 day simple moving average is $8.08. 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 issued its quarterly earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 9.16% and a net margin of 2.78%. As a group, research analysts anticipate that Coty will post 0.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Coty

Hedge funds have recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of Coty by 330.3% during the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after acquiring an additional 2,385 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Coty by 317.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock worth $29,000 after buying an additional 3,186 shares during the period. Allworth Financial LP lifted its holdings in Coty by 145.0% during the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after buying an additional 3,328 shares during the period. R Squared Ltd acquired a new position in Coty during the 4th quarter worth about $54,000. Finally, US Bancorp DE lifted its holdings in Coty by 116.0% during the 4th quarter. US Bancorp DE now owns 9,473 shares of the company’s stock worth $66,000 after buying an additional 5,088 shares during the period. Institutional investors and hedge funds own 42.36% of the company’s stock.

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.