Coty (NYSE:COTY) Given a $11.00 Price Target at Jefferies Financial Group

Coty (NYSE:COTY) received a $11.00 price objective from equities researchers at Jefferies Financial Group in a research report issued on Wednesday, March 27th, TipRanks reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price would indicate a potential downside of 2.31% from the company’s current price. Jefferies Financial Group also issued estimates for Coty’s Q3 2019 earnings at $0.12 EPS and Q3 2020 earnings at $0.14 EPS.

COTY has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Coty from a “sell” rating to a “hold” rating in a report on Monday, December 3rd. TheStreet lowered shares of Coty from a “c-” rating to a “d+” rating in a report on Friday, December 7th. Morgan Stanley set a $9.00 price target on shares of Coty and gave the company a “hold” rating in a report on Thursday, December 20th. Finally, JPMorgan Chase & Co. upgraded shares of Coty from an “underweight” rating to a “neutral” rating and set a $7.00 price target on the stock in a report on Friday, January 4th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $12.96.

Shares of NYSE COTY traded up $0.01 during midday trading on Wednesday, reaching $11.26. The company’s stock had a trading volume of 10,248,172 shares, compared to its average volume of 17,642,214. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.96 and a quick ratio of 0.66. Coty has a one year low of $5.91 and a one year high of $17.58. The company has a market capitalization of $8.46 billion, a P/E ratio of 16.32, a PEG ratio of 2.57 and a beta of 0.93.

Coty (NYSE:COTY) last released its earnings results on Friday, February 8th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. Coty had a negative net margin of 13.58% and a positive return on equity of 5.38%. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the previous year, the firm earned $0.32 EPS. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, analysts anticipate that Coty will post 0.63 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new position in Coty during the fourth quarter valued at approximately $25,000. Moody National Bank Trust Division purchased a new position in Coty during the first quarter valued at approximately $44,000. Pearl River Capital LLC purchased a new position in Coty during the fourth quarter valued at approximately $56,000. Truvestments Capital LLC purchased a new position in Coty during the first quarter valued at approximately $56,000. Finally, CSat Investment Advisory L.P. grew its position in Coty by 246.2% during the fourth quarter. CSat Investment Advisory L.P. now owns 10,366 shares of the company’s stock valued at $68,000 after purchasing an additional 7,372 shares in the last quarter. 65.84% of the stock is currently owned by hedge funds and other institutional investors.

Coty Company Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.

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Analyst Recommendations for Coty (NYSE:COTY)

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