Coty Inc. (COTY) Receives $20.04 Average Price Target from Analysts

Coty Inc. (NYSE:COTY) has been assigned a consensus rating of “Hold” from the eighteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $20.04.

Several research firms recently issued reports on COTY. Berenberg Bank cut shares of Coty from a “hold” rating to a “sell” rating and decreased their target price for the company from $17.50 to $15.00 in a research note on Wednesday, August 30th. BMO Capital Markets set a $24.00 target price on shares of Coty and gave the company a “buy” rating in a research note on Tuesday, August 22nd. BidaskClub cut shares of Coty from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Bank of America Corporation reduced their price objective on shares of Coty from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, August 23rd. Finally, Wells Fargo & Company restated a “hold” rating on shares of Coty in a research report on Tuesday, August 22nd.

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Shares of Coty (COTY) opened at 17.06 on Wednesday. Coty has a 52 week low of $15.83 and a 52 week high of $23.67. The stock’s market capitalization is $12.77 billion. The stock has a 50 day moving average of $16.61 and a 200-day moving average of $18.20.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Friday, September 1st were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date was Wednesday, August 30th. Coty’s dividend payout ratio is currently -87.72%.

In related news, insider Sebastien Froidefond bought 16,879 shares of the stock in a transaction on Friday, September 1st. The stock was bought at an average price of $16.60 per share, with a total value of $280,191.40. Following the completion of the purchase, the insider now directly owns 98,358 shares in the company, valued at approximately $1,632,742.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sylvie Moreau bought 48,153 shares of the stock in a transaction on Thursday, August 24th. The shares were bought at an average cost of $16.79 per share, with a total value of $808,488.87. Following the purchase, the insider now owns 97,035 shares of the company’s stock, valued at $1,629,217.65. The disclosure for this purchase can be found here. Insiders purchased 2,979,505 shares of company stock valued at $48,661,242 in the last three months. 1.00% of the stock is currently owned by insiders.

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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