Coty (NYSE:COTY) PT Raised to $14.00

Posted by on Feb 25th, 2023

Coty (NYSE:COTY – Get Rating) had its target price increased by equities researchers at Piper Sandler from $12.00 to $14.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price target suggests a potential upside of 25.56% from the company’s previous close.

A number of other research firms also recently weighed in on COTY. Royal Bank of Canada reiterated an “outperform” rating and set a $13.00 price target on shares of Coty in a research note on Thursday, February 9th. Raymond James lifted their price target on shares of Coty from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Thursday, February 9th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Coty from $11.00 to $12.00 in a research note on Thursday, February 9th. Wells Fargo & Company lifted their price target on shares of Coty from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, DA Davidson reissued a “buy” rating and set a $13.00 price objective on shares of Coty in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Coty presently has an average rating of “Moderate Buy” and a consensus price target of $11.84.

Coty Trading Down 2.0 %

Shares of Coty stock opened at $11.15 on Thursday. The company’s fifty day simple moving average is $9.70 and its 200-day simple moving average is $8.16. The company has a market cap of $9.51 billion, a price-to-earnings ratio of 79.64, a PEG ratio of 2.11 and a beta of 1.88. The company has a current ratio of 0.65, a quick ratio of 0.41 and a debt-to-equity ratio of 1.08. Coty has a 1 year low of $5.90 and a 1 year high of $11.65.

Coty (NYSE:COTY – Get Rating) last announced its quarterly earnings data on Wednesday, February 8th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.07. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. Coty had a net margin of 2.51% and a return on equity of 8.83%. Coty’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the company posted $0.17 earnings per share. As a group, sell-side analysts expect that Coty will post 0.36 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp raised its holdings in shares of Coty by 90.9% in the second quarter. Fifth Third Bancorp now owns 4,419 shares of the company’s stock valued at $36,000 after buying an additional 2,104 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Coty by 165.1% in the fourth quarter. Quadrant Capital Group LLC now owns 4,541 shares of the company’s stock valued at $39,000 after buying an additional 2,828 shares during the last quarter. CWM LLC raised its holdings in shares of Coty by 197.8% in the fourth quarter. CWM LLC now owns 4,681 shares of the company’s stock valued at $40,000 after buying an additional 3,109 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Coty by 323.8% in the second quarter. Meeder Asset Management Inc. now owns 6,968 shares of the company’s stock valued at $56,000 after buying an additional 5,324 shares during the last quarter. Finally, US Bancorp DE raised its holdings in Coty by 48.3% during the 2nd quarter. US Bancorp DE now owns 7,147 shares of the company’s stock worth $58,000 after purchasing an additional 2,328 shares during the last quarter. 37.10% of the stock is owned by institutional investors.

Coty Company Profile

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Coty, Inc engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Americas, EMEA, and Asia Pacific. The segments Americas, EMEA, and Asia Pacific focus on prestige fragrances, prestige skin care, prestige cosmetics, mass color cosmetics, mass fragrance, mass skin care and body care.

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