Coty (COTY) Receives ‘Analyst’ Rating

Coty (COTY) : The consensus on Coty (COTY) based on 9 analyst recommendation on the company stock is 2.92, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Coty (COTY) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $32 and the lowest price target forecast is $22. The average forecast of all the analysts is $27.64 and the expected standard deviation is $4.07.


Also, Berenberg initiates coverage on Coty (NYSE:COTY).The analysts at the brokerage house have a current rating of Sell on the shares. In a recent information released to the investors, Berenberg announces the price target of $23 per share. The rating by the firm was issued on September 9, 2016.

Coty (NYSE:COTY): After opening at $24.09, the stock dipped to an intraday low of $24.09 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $24.37 and the buying power remained strong till the end. The stock closed at $24.33 for the day, a gain of 1.00% for the day session. The total traded volume was 8,303,924. The stocks close on the previous trading day was $24.09.

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 mens and womens 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 Companys top 10 brands include adidas, Calvin Klein, Chloe, Davidoff, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen.

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