Coty (NYSE:COTY) Stock Lifted to “Buy” by Wall Street Zen

Wall Street Zen upgraded shares of Coty (NYSE:COTY) from a hold rating to a buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Other analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $3.00 target price on shares of Coty in a research report on Friday, August 21st. Zacks Research cut shares of Coty from a “hold” rating to a “strong sell” rating in a research report on Monday, October 26th. The Goldman Sachs Group reissued a “neutral” rating and set a $2.60 price target on shares of Coty in a research note on Thursday, August 20th. Morgan Stanley boosted their price objective on shares of Coty from $2.50 to $2.75 and gave the stock an “equal weight” rating in a report on Tuesday, August 25th. Finally, Royal Bank Of Canada upped their price objective on shares of Coty from $3.00 to $3.50 and gave the company a “sector perform” rating in a research note on Friday. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $3.25.

Coty Trading Up 2.9%

NYSE COTY opened at $4.03 on Friday. The stock’s 50-day simple moving average is $2.94 and its two-hundred day simple moving average is $2.55. Coty has a twelve month low of $1.82 and a twelve month high of $4.10. The company has a quick ratio of 0.42, a current ratio of 0.75 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of -6.19, a PEG ratio of 0.78 and a beta of 0.83.

Coty (NYSE:COTY) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Coty had a positive return on equity of 7.11% and a negative net margin of 9.74%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 EPS. Research analysts forecast that Coty will post 0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Coty

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

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.