Reaffirmed: Coty (NYSE:COTY) Outperform Rating Reaffirmed at RBC Capital; $18 Target in Place

November 9, 2018 - By Alex Paulin

Coty Inc. (NYSE:COTY) Logo

Investors sentiment decreased to 0.94 in Q2 2018. Its down 0.10, from 1.04 in 2018Q1. It dived, as 52 investors sold Coty Inc. shares while 92 reduced holdings. 39 funds opened positions while 97 raised stakes. 486.26 million shares or 2.03% more from 476.59 million shares in 2018Q1 were reported.

Invesco owns 4.87M shares. 65,080 are owned by Strs Ohio. Tobam reported 3.23M shares. Shine Invest Advisory invested in 31 shares or 0% of the stock. 98,506 were reported by Dynamo Internacional Gestao De Recursos Ltda. Tower Capital Ltd (Trc) owns 557 shares. Moreover, Dekabank Deutsche Girozentrale has 0.02% invested in Coty Inc. (NYSE:COTY) for 174,984 shares. Cadence Capital Mgmt Llc holds 0.03% of its portfolio in Coty Inc. (NYSE:COTY) for 39,551 shares. York Cap Mgmt Advsr Lc has 1.3% invested in Coty Inc. (NYSE:COTY). Schwab Charles holds 0.02% or 2.03 million shares. Amg Funds Limited Liability accumulated 49,836 shares or 0.45% of the stock. 337,123 are owned by Hsbc Public Ltd. Geode Mngmt Limited Liability Company has 0.02% invested in Coty Inc. (NYSE:COTY) for 5.45M shares. Massachusetts Svcs Ma has invested 0.6% in Coty Inc. (NYSE:COTY). Pub Employees Retirement Association Of Colorado invested in 0.01% or 89,795 shares.

Since May 11, 2018, it had 2 buys, and 0 insider sales for $32.24 million activity. Shares for $669,796 were bought by Ramos Daniel E. 2.60 million shares valued at $31.95 million were bought by JAB Cosmetics B.V. on Friday, August 24.

Coty (NYSE:COTY) Rating Reaffirmed

Coty (NYSE:COTY) just had their share rating of a ‘Outperform’ issued by research analysts at RBC Capital, who now has a $18 price target on the $6.23 billion market cap company or a 116.87 % upside potential. This key information was released in a research report on Thursday morning.

Coty Inc. (NYSE:COTY) Ratings Coverage

Among 10 analysts covering Coty (NYSE:COTY), 2 have Buy rating, 2 Sell and 6 Hold. Therefore 20% are positive. Coty has $18 highest and $10 lowest target. $15.13’s average target is 82.29% above currents $8.3 stock price. Coty had 12 analyst reports since May 10, 2018 according to SRatingsIntel. The stock of Coty Inc. (NYSE:COTY) earned “Hold” rating by Deutsche Bank on Friday, May 11. Societe Generale downgraded the shares of COTY in report on Wednesday, August 22 to “Hold” rating. The rating was maintained by Citigroup on Thursday, August 23 with “Buy”. The rating was downgraded by Bank of America on Thursday, August 16 to “Underperform”. The rating was maintained by JP Morgan on Friday, August 10 with “Underweight”. The stock of Coty Inc. (NYSE:COTY) earned “Hold” rating by Berenberg on Thursday, May 10. BMO Capital Markets downgraded the stock to “Market Perform” rating in Wednesday, August 22 report. The company was maintained on Thursday, June 21 by Morgan Stanley. The firm earned “Overweight” rating on Tuesday, August 28 by Morgan Stanley. The stock has “Buy” rating by Citigroup on Thursday, May 31.

The stock decreased 4.16% or $0.36 during the last trading session, reaching $8.3. About 17.04 million shares traded or 99.68% up from the average. Coty Inc. (NYSE:COTY) has declined 27.61% since November 9, 2017 and is downtrending. It has underperformed by 43.23% the S&P500.

Coty Inc., together with its subsidiaries, makes, markets, sells, and distributes beauty products worldwide. The company has market cap of $6.23 billion. It operates in three divisions: Consumer Beauty, Luxury, and Professional Beauty. It currently has negative earnings. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care products, and mass fragrances primarily through hypermarkets, supermarkets, drug stores and pharmacies, mid-tier department stores, and traditional food and drug retailers, as well as own branded e-commerce and direct to consumer Websites.

More news for Coty Inc. (NYSE:COTY) were recently published by: Seekingalpha.com, which released: “Coty -20% after supplier issues dent results” on November 07, 2018. Investorplace.com‘s article titled: “Coty Stock Crumples After Supplier Issues Hampers Sales” and published on November 07, 2018 is yet another important article.

Coty Inc. (NYSE:COTY) Institutional Positions Chart

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