Coty Inc (COTY) is Reiterated by Barclays to Equal Weight, Lowers Price Target to $ 26

Coty Inc (COTY) was Reiterated by Barclays to “Equal Weight” while Lowering the Price Target of the company shares to $ 26 from a previous price target of $27 . Barclays advised their investors in a research report released on May 5, 2016.

Many Wall Street Analysts have commented on Coty Inc. Shares were Reiterated by Stifel on May 4, 2016 to “Buy” and Lowered the Price Target to $ 32 from a previous price target of $33 .Coty Inc was Downgraded by BofA/Merrill to ” Neutral” on Apr 18, 2016. Company shares were Reiterated by Stifel on Apr 13, 2016 to “Buy”, Firm has raised the Price Target to $ 33 from a previous price target of $31 .

On the company’s financial health, Coty Inc reported $0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.12. The company had revenue of $950.70 million for the quarter, compared to analysts expectations of $970.73 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Coty Inc closed down -1.07 points or -3.77% at $27.28 with 21,52,030 shares getting traded on Wednesday. Post opening the session at $28, the shares hit an intraday low of $27.071 and an intraday high of $28.46 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Dec 10, 2015, Robert S Singer (director) sold 8,335 shares at $27.15 per share price. According to the SEC, on Nov 24, 2015, Mario Reis (EVP, Supply Chain) purchased 10,000 shares at $28.07 per share price. On Nov 17, 2015, Erhard Schoewel (director) sold 1,539 shares at $28.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Coty Inc. is a beauty company. The Company manufactures and markets beauty products in the Fragrances Color Cosmetics and Skin & Body Care segments with distribution in over 130 countries and territories across both prestige and mass markets. Fragrances products include a variety of men’s and women’s products and include fashion designer celebrity and lifestyle brands. Color Cosmetics products include nail and other color cosmetics consisting of lip eye and other facial color products. Skin & Body Care products include shower gels deodorants skin care and sun treatment products. The Company’s top 10 brands include adidas Calvin Klein Chloe Davidoff Marc Jacobs OPI philosophy Playboy Rimmel and Sally Hansen.

Coty Inc

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