Coty (NYSE:COTY) had its target price boosted by research analysts at JPMorgan Chase & Co. from $15.00 to $17.00 in a research note issued to investors on Monday. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential downside of 14.40% from the stock’s previous close.

A number of other analysts have also recently weighed in on COTY. Citigroup raised their price target on Coty from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday. Barclays set a $20.00 price target on Coty and gave the company a “hold” rating in a research note on Saturday. Stifel Nicolaus restated a “buy” rating on shares of Coty in a research note on Friday. BMO Capital Markets raised their price target on Coty from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Friday. Finally, DA Davidson raised their price target on Coty from $17.50 to $18.00 and gave the company a “neutral” rating in a research note on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $19.63.

Shares of Coty (NYSE COTY) opened at $19.86 on Monday. Coty has a 52 week low of $14.24 and a 52 week high of $21.17. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $14,884.89, a price-to-earnings ratio of -38.94, a price-to-earnings-growth ratio of 1.93 and a beta of 0.32.

Coty (NYSE:COTY) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.08. Coty had a positive return on equity of 4.45% and a negative net margin of 4.15%. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.48 billion. During the same period last year, the firm earned $0.30 earnings per share. Coty’s quarterly revenue was up 14.8% on a year-over-year basis. equities research analysts predict that Coty will post 0.7 EPS for the current year.

In related news, insider Edgar O. Huber purchased 4,000 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were purchased at an average price of $17.74 per share, with a total value of $70,960.00. Following the completion of the acquisition, the insider now directly owns 163,570 shares in the company, valued at approximately $2,901,731.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Cosmetics B.V. Jab purchased 2,800,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were bought at an average cost of $16.94 per share, for a total transaction of $47,432,000.00. Following the acquisition, the insider now owns 285,008,041 shares of the company’s stock, valued at $4,828,036,214.54. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 8,204,000 shares of company stock worth $138,492,960. Corporate insiders own 1.00% of the company’s stock.

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About Coty

Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.

Analyst Recommendations for Coty (NYSE:COTY)

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