Barclays Forecasts Strong Price Appreciation for Coty (NYSE:COTY) Stock

Coty (NYSE:COTY) had its target price hoisted by equities researchers at Barclays from $2.00 to $3.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s price objective would suggest a potential downside of 30.48% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $3.00 target price on shares of Coty in a report on Friday, August 21st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.60 target price on shares of Coty in a research report on Thursday, August 20th. Wall Street Zen upgraded Coty from a “hold” rating to a “buy” rating in a report on Saturday. TD Cowen assumed coverage on Coty in a report on Friday, October 30th. They set a “hold” rating on the stock. Finally, Citigroup lifted their price target on shares of Coty from $2.80 to $3.00 and gave the company a “neutral” rating in a research report on Wednesday, October 14th. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $3.35.

Coty Stock Up 6.5%

Shares of NYSE:COTY traded up $0.27 on Monday, reaching $4.32. The company had a trading volume of 1,155,450 shares, compared to its average volume of 8,693,903. The stock has a market capitalization of $3.80 billion, a P/E ratio of -6.62, a P/E/G ratio of 0.65 and a beta of 0.82. The stock has a 50-day moving average price of $2.94 and a 200 day moving average price of $2.55. Coty has a twelve month low of $1.82 and a twelve month high of $4.34. The company has a quick ratio of 0.45, a current ratio of 0.75 and a debt-to-equity ratio of 0.84.

Coty (NYSE:COTY) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.53 billion. Coty had a positive return on equity of 7.11% and a negative net margin of 9.74%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 EPS. On average, equities analysts expect that Coty will post 0.33 EPS for the current year.

Institutional Trading of Coty

Hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its position in Coty by 177.6% in the 1st quarter. Renaissance Technologies LLC now owns 1,311,687 shares of the company’s stock worth $2,636,000 after purchasing an additional 839,257 shares during the last quarter. Maverick Capital Ltd. acquired a new position in shares of Coty during the first quarter valued at about $2,536,000. Pacer Advisors Inc. raised its position in shares of Coty by 2,300.9% during the first quarter. Pacer Advisors Inc. now owns 2,953,407 shares of the company’s stock valued at $5,936,000 after buying an additional 2,830,397 shares during the last quarter. First Trust Advisors LP raised its position in shares of Coty by 827.5% during the first quarter. First Trust Advisors LP now owns 2,018,890 shares of the company’s stock valued at $4,058,000 after buying an additional 1,801,209 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Coty by 11.1% in the second quarter. Assenagon Asset Management S.A. now owns 6,871,724 shares of the company’s stock valued at $14,843,000 after buying an additional 684,052 shares during the period. 42.36% of the stock is owned by institutional investors.

Coty Company Profile