Coty (NYSE:COTY) Given New $3.50 Price Target at Royal Bank Of Canada

Coty (NYSE:COTY) had its price target hoisted by Royal Bank Of Canada from $3.00 to $3.50 in a research note released on Friday,Benzinga reports. The brokerage currently has a sector perform rating on the stock.

Other analysts have also issued research reports about the company. Zacks Research lowered Coty from a “hold” rating to a “strong sell” rating in a report on Monday, October 26th. The Goldman Sachs Group reiterated a “neutral” rating and set a $2.60 price target on shares of Coty in a report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $3.00 price target on shares of Coty in a report on Friday, August 21st. TD Cowen initiated coverage on Coty in a research report on Friday, October 30th. They set a “hold” rating on the stock. Finally, Jefferies Financial Group increased their price objective on Coty from $2.40 to $2.95 and gave the stock a “buy” rating in a research note on Monday, October 19th. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $3.25.

Coty Price Performance

Shares of COTY traded up $0.12 during trading hours on Friday, hitting $4.03. 7,947,986 shares of the company were exchanged, compared to its average volume of 4,972,466. The firm has a fifty day simple moving average of $2.94 and a 200-day simple moving average of $2.55. The company has a market capitalization of $3.54 billion, a PE ratio of -6.19, a PEG ratio of 0.67 and a beta of 0.83. Coty has a one year low of $1.82 and a one year high of $4.10. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.75 and a quick ratio of 0.42.

Coty (NYSE:COTY) last posted 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. Coty had a negative net margin of 10.42% and a positive return on equity of 5.68%. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the firm earned $0.12 earnings per share. The business’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, sell-side analysts predict that Coty will post 0.31 earnings per share for the current year.

Institutional Investors Weigh In On Coty

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

Key Coty News

Here are the key news stories impacting Coty this week:

• Positive Sentiment: Fiscal Q1 adjusted earnings were $0.16 per share, ahead of the $0.12 consensus, while revenue of $1.56 billion also topped expectations. Coty said its core Prestige brands returned to growth, narrowing the overall sales decline. Coty reports narrower sales decline
• Positive Sentiment: Stronger cash flow and lower debt offered some support amid the turnaround, according to earnings coverage. Coty Q1 earnings coverage
• Neutral Sentiment: Management indicated it expects to complete its strategic review by the end of 2026; coverage also cited a $400 million Gucci deal. The outcome of the review remains uncertain. Strategic review and Gucci deal
• Negative Sentiment: Revenue still fell year over year and margins weakened, highlighting ongoing pressure despite the earnings beat. Coty Q1 sales and margins
• Negative Sentiment: RBC raised its price target to $3.50 but maintained a “sector perform” rating; that target is below the cited $4.03 share price. Another analysis characterized Coty as trading above estimated fair value, adding valuation concerns. RBC target update Coty fair value analysis

Coty Company Profile

Coty Inc is a global beauty company that develops, manufactures and markets fragrances, cosmetics, skin care and body-care products. Its portfolio includes luxury, prestige and mass-market brands, with products sold through department stores, specialty retailers, e-commerce platforms and other distribution channels.

The company’s brands have included CoverGirl, Rimmel London, Max Factor, Bourjois, Gucci Beauty, Calvin Klein, Marc Jacobs, Burberry, Hugo Boss and Chloé, among others. Coty also participates in professional beauty through hair-care and salon brands, including the Wella portfolio.

Founded in Paris in 1904 by François Coty, the company built its early reputation in fragrance before expanding into broader beauty categories and international markets.