Brokerages Set Coty (NYSE:COTY) PT at $3.70

Shares of Coty (NYSE:COTY) have been given an average recommendation of “Reduce” by the seventeen analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $3.7036.

Several research analysts have issued reports on the stock. Citigroup raised their price objective on shares of Coty from $2.50 to $2.80 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Morgan Stanley set a $2.50 target price on shares of Coty in a report on Thursday, May 7th. TD Cowen increased their target price on shares of Coty from $2.30 to $2.90 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Coty in a report on Friday, August 7th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $8.00 price target on shares of Coty in a research report on Monday, May 4th.

Coty Stock Down 6.3%

COTY stock opened at $2.67 on Tuesday. The company has a fifty day moving average price of $2.39 and a 200 day moving average price of $2.36. Coty has a 12 month low of $1.82 and a 12 month high of $5.03. The company has a market cap of $2.35 billion, a price-to-earnings ratio of -4.31, a price-to-earnings-growth ratio of 0.82 and a beta of 0.97. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.82 and a quick ratio of 0.49.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Corient Private Wealth LLC raised its position in Coty by 16.6% during the 2nd quarter. Corient Private Wealth LLC now owns 16,062 shares of the company’s stock worth $75,000 after buying an additional 2,286 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Coty by 3.2% in the third quarter. Public Employees Retirement System of Ohio now owns 117,781 shares of the company’s stock valued at $476,000 after acquiring an additional 3,616 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Coty by 30.5% in the second quarter. Osaic Holdings Inc. now owns 15,795 shares of the company’s stock valued at $73,000 after acquiring an additional 3,689 shares in the last quarter. Aigen Investment Management LP increased its stake in shares of Coty by 6.1% during the fourth quarter. Aigen Investment Management LP now owns 76,048 shares of the company’s stock worth $234,000 after acquiring an additional 4,357 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Coty by 23.5% during the fourth quarter. Wells Fargo & Company MN now owns 24,525 shares of the company’s stock worth $76,000 after acquiring an additional 4,662 shares during the period. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

About Coty

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty’s portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company’s product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.